Perrigo to Attend Morgan Stanley Global Consumer & Retail Conference

Rhea-AI Summary

abrdn Japan Equity Fund (NYSE:JEQ) announced a $0.6944 per-share cash distribution payable October 7, 2025, with record and ex-date of September 29, 2025.

The distribution is estimated to consist of $0.2752 (40%) net investment income and $0.4192 (60%) return of capital. Fiscal year-to-date distributions total $0.9244 (with $0.5052 from net investment income and $0.4192 return of capital).

The distribution is final before JEQ's approved reorganization into abrdn Global Infrastructure Income Fund (NYSE:ASGI); shareholders of JEQ at market close October 10, 2025 will receive newly issued ASGI shares and be deemed ASGI shareholders at market open October 13, 2025.

Five-year NAV return is 5.49% and current fiscal-period annualized distribution rate on NAV is 2.79%.

Positive

• $0.6944 per-share cash distribution payable Oct 7, 2025
• Reorganization into ASGI with share exchange effective Oct 10–13, 2025
• Fiscal year-to-date distributions of $0.9244 per share
• Five-year NAV total return of 5.49%

Negative

• Current distribution is estimated 60% return of capital
• Distribution payment may reduce net assets and raise expense ratio

Insights

Fund Distribution Analyst

Final all-cash distribution and fund reorganization announced; shareholders to receive ASGI shares after October conversion.

abrdn Japan Equity Fund, Inc. (JEQ) will pay a final cash distribution of $0.6944 per share on October 7, 2025, with record and ex-date on September 29, 2025. The notice states the distribution is the last cash payout before JEQ reorganizes into abrdn Global Infrastructure Income Fund (ASGI), and shareholders of JEQ as of market close on October 10, 2025 will receive newly issued ASGI shares and be deemed ASGI shareholders at the open on October 13, 2025. The release also discloses the estimated composition of the distribution: $0.2752 from net investment income (~40%) and $0.4192 as return of capital (~60%), with fiscal year-to-date distributions of $0.9244 composed ~55% net investment income and ~45% return of capital.

The business mechanics are straightforward: a one-time cash distribution precedes a statutory reorganization that converts JEQ shares into ASGI shares at equivalent aggregate NAV. Key dependencies and risks are explicitly noted: the distribution composition is estimated and subject to final year-end tax characterization, and the payment and reorganization may reduce JEQ net assets and affect expense ratios or market pricing. Concrete items to watch in the near term include confirmation of the final tax characterization on the Form 1099-DIV after year-end, the successful completion of the reorganization on and after October 10, 2025, and any board actions altering the Distribution Policy; these items will be determinative over the next reporting cycle and the immediate post-conversion trading days.

DUBLIN, Nov. 18, 2025 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO), a leading provider of consumer health products, today announced that President and CEO Patrick Lockwood-Taylor and CFO Eduardo Bezerra are scheduled to participate in one-on-one investor meetings at the Morgan Stanley Global Consumer & Retail Conference on Tuesday, December 2^nd, 2025.

About Perrigo   

Perrigo Company plc is a leading pure-play consumer health company with over a century of experience in providing high-quality health and wellness solutions to consumers primarily in North America and Europe. As a pioneer in the over-the-counter (OTC) self-care market, Perrigo offers trusted self-care solutions that can be used without the need for a prescription, ensuring accessibility and choice for consumers across molecules, dosage forms, and value tiers.

Perrigo's unique business model leverages its complementary businesses, where cash-generative store brand private label offerings fuel investments for leading brands, including Opill^®, Mederma^®, Compeed^®, EllaOne^®, and Jungle Formula^®.

For more information, visit www.perrigo.com.

Forward-Looking Statements  

This press release includes, and the matters discussed at the Morgan Stanley Global Consumer & Retail Conference will include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements involve known and unknown risks, uncertainties and other factors—many of which are beyond the Company's control—that may cause the actual results, performance or achievements of the Company to be materially different from its current expectations, assumptions, estimates and projections. Interested persons are urged to consult the Company's filings with the United States Securities and Exchange Commission, available at https://investor.perrigo.com/sec-filings, for a discussion of the Company's business and financial condition and certain material trends, risks, uncertainties and other factors relating thereto, including those discussed under "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2024.

Perrigo Contact

Bradley Joseph, Vice President, Global Investor Relations, (269) 686-3373, E-mail: bradley.joseph@perrigo.com

Nicholas Gallagher, Associate Director, Global Investor Relations, (269) 686-3238, E-mail: nicholas.gallagher@perrigo.com

FAQ

What is JEQ's cash distribution amount and payment date for 2025?

JEQ will pay a $0.6944 per-share cash distribution on October 7, 2025.

What are the JEQ record and ex-dates for the October 2025 distribution (PRGO)?

The record date and ex-date are both September 29, 2025.

How is the October 2025 JEQ distribution composed by source?

The current distribution is estimated as $0.2752 (40%) net investment income and $0.4192 (60%) return of capital.

What happens to JEQ shareholders in the reorganization into ASGI (ticker ASGI)?

Shareholders of JEQ at market close October 10, 2025 will receive newly issued ASGI shares and be deemed ASGI shareholders at market open October 13, 2025.

What is JEQ's fiscal year-to-date distribution and composition for 2025?

Fiscal year-to-date distributions total $0.9244 per share, with $0.5052 from net investment income and $0.4192 return of capital.

What are JEQ's recent performance and distribution rates on NAV?

JEQ's five-year average annual total return on NAV is 5.49% and the current fiscal-period annualized distribution rate on NAV is 2.79%.