abrdn Japan Equity Fund Stock Price, News & Analysis

abrdn Japan Equity Fund (NYSE: JEQ) has initiated a significant cash tender offer to purchase up to 7,072,985 shares, representing approximately 50% of its outstanding shares. The fund will buy these shares at 98% of the Net Asset Value (NAV) per share.

The tender offer begins on August 1, 2025, and expires on September 2, 2025, with expected payment around September 12, 2025. If oversubscribed, the fund will prioritize "odd lot" holders (owning 99 shares or less) who tender all shares, followed by pro rata purchases for remaining shareholders.

abrdn Japan Equity Fund (NYSE: JEQ) stockholders have approved a significant reorganization plan to merge with abrdn Global Infrastructure Income Fund (NYSE: ASGI). At the Special Meeting, where 74.7% of shares were voted, stockholders overwhelmingly approved the reorganization with 10,016,314 votes in favor.

Prior to the merger, JEQ will conduct a cash tender offer for up to 50% of outstanding shares at 98% of NAV in August 2025. The reorganization is expected to complete in Q4 2025. Additionally, at the Annual Meeting, stockholders elected two Class II Directors (Alan Goodson and Rose DiMartino) and approved the continuation of one Class I Director (Radhika Ajmera).

abrdn Japan Equity Fund (NYSE: JEQ) has announced amended dates for its 2025 Annual Meeting and Special Meeting of Stockholders, now scheduled for July 25, 2025, in Philadelphia. Stockholders as of June 13, 2025 (Record Date) will vote on the proposed reorganization of JEQ into abrdn Global Infrastructure Income Fund (ASGI). Upon stockholder approval, JEQ will conduct a cash tender offer to purchase up to 50% of outstanding shares at 98% of NAV. The tender offer will take place after the stockholder meetings but before the reorganization with ASGI. A combined prospectus/proxy statement with detailed information will be distributed to stockholders after SEC effectiveness.

abrdn Japan Equity Fund (NYSE:JEQ) has announced a significant corporate restructuring, including a proposed merger into abrdn Global Infrastructure Income Fund (NYSE:ASGI) and a conditional tender offer. The Boards of both funds have approved the merger, which requires JEQ shareholder approval.

Key details of the reorganization include:

• JEQ shareholders of record on March 14, 2025, will vote on the merger at a special meeting scheduled for June 13, 2025
• The merger is intended to be tax-free for U.S. federal income tax purposes
• ASGI's current objectives and policies will remain unchanged

Additionally, contingent upon merger approval, JEQ will conduct a cash tender offer to purchase up to 50% of outstanding shares at 98% of NAV. The Fund is suspending its managed distribution policy after March 31, 2025, to avoid disrupting the tender offer timing. The reorganization is expected to complete in Q3 2025, subject to shareholder approval.

Aberdeen Japan Equity Fund, Inc. (NYSE:JEQ) announced the resignation of Rahn K. Porter as a Director effective May 26, 2022, reducing the Board to four members. During the same day, the Fund held its Annual Meeting of Stockholders, where shareholders elected Stephen Bird as a Class II Director until the 2025 Annual Meeting. Of the 13,408,536 shares outstanding, 62.92% were voted, indicating active shareholder engagement in corporate governance.

Aberdeen Japan Equity Fund, Inc. (NYSE:JEQ) announced a $0.15 per share distribution payable on March 31, 2022, to stockholders of record as of March 24, 2022. The distribution policy aims for a stable quarterly distribution set at an annual rate of 6.5%. Effective June 2022, shareholders may opt to receive distributions in newly issued shares. The distribution breakdown indicates 17% comes from net investment income. Shareholders must notify respective brokers by June 17, 2022, to elect cash instead of shares. Overall, the distribution policy is under continuous review.

Aberdeen Japan Equity Fund, Inc. (NYSE:JEQ) announced a distribution of US$0.98049 per share on January 11, 2022, to stockholders of record as of December 30, 2021. This distribution includes $0.10751 from net investment income and $0.87298 from net realized long-term capital gains. The Fund has also introduced a Managed Distribution Policy beginning in 2022, paying quarterly distributions at an annual rate of 6.5% based on the rolling average daily net asset value. The policy aims to enhance liquidity for shareholders.