abrdn Asia-Pacific Income Fund Announces Upcoming 1-For-6 Reverse Stock Split, Expected To Begin At The Open Of Trading On The NYSE On September 9, 2024
Portfolio Pulse from Benzinga Newsdesk
abrdn Asia-Pacific Income Fund, Inc. (NYSE:FAX) announced a 1-for-6 reverse stock split, effective at the open of trading on September 9, 2024. The split will affect common stockholders of record as of September 6, 2024.
August 19, 2024 | 12:14 pm
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abrdn Asia-Pacific Income Fund, Inc. (NYSE:FAX) will undergo a 1-for-6 reverse stock split effective September 9, 2024. This action is expected to consolidate shares and potentially increase the stock price.
The reverse stock split will reduce the number of shares outstanding, which typically leads to an increase in the stock price. This can make the stock more attractive to investors and improve liquidity.
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