abrdn Japan Equity Fund SEC Filings

abrdn Japan Equity Fund, Inc. (JEQ) disclosed a Form 4 reflecting a fund reorganization effective October 10, 2025. JEQ was reorganized into the abrdn Global Infrastructure Income Fund, and common shareholders received acquiring fund shares equal in value to the aggregate NAV of JEQ shares surrendered, less reorganization costs; cash was paid for fractional shares.

As of October 10, 2025, JEQ reported a NAV per share of $7.9308 and the acquiring fund reported a NAV per share of $29.959. The conversion ratio for JEQ common shares was 0.378399. The reporting person exchanged 954.4984 JEQ shares for 361 acquiring fund shares, and JEQ holdings moved to zero following transactions coded “J.” The filing also lists related indirect dispositions by spouse and a revocable trust on the same date.

abrdn Japan Equity Fund (JEQ) reported a director transaction tied to a fund reorganization effective October 10, 2025. In this event, JEQ common shareholders received shares of the abrdn Global Infrastructure Income Fund equal in value to the aggregate NAV exchanged, with cash for any fractional shares.

JEQ reported a NAV per share of $7.9308, while the acquiring fund reported $29.959. The stated conversion ratio was 0.378399. The reporting person exchanged 364 JEQ shares for 137 acquiring‑fund shares, and reported 0 JEQ shares beneficially owned afterward.

abrdn Japan Equity Fund, Inc. (JEQ) reported a director’s Form 4 reflecting a share exchange tied to a fund reorganization effective October 10, 2025. The reporting person disposed of 364 JEQ common shares and received 137 common shares of the acquiror, abrdn Global Infrastructure Income Fund, pursuant to the transaction.

The filing lists a conversion ratio of 0.378399. As of October 10, 2025, JEQ reported a NAV per share of $7.9308 and the acquiring fund reported a NAV per share of $29.959. Cash was distributed for any fractional shares. Following the transaction, the director reported 0 JEQ shares beneficially owned. The transaction was coded J on the form.

abrdn Japan Equity Fund (JEQ) director reported a share exchange tied to a fund reorganization. On October 10, 2025, JEQ was reorganized into the abrdn Global Infrastructure Income Fund. The filing shows Transaction Code J and reflects the exchange of 623.8527 JEQ common shares, leaving 0 shares beneficially owned in JEQ after the transaction.

Under the reorganization, common shareholders received acquiring fund shares equal in value to the aggregate NAV of JEQ shares surrendered, with cash paid for fractional shares. As of October 10, 2025, JEQ reported a NAV per share of $7.9308 and the acquiring fund reported $29.959. The conversion ratio was 0.378399, resulting in the director receiving 236 acquiring fund shares for the 623.8527 JEQ shares exchanged.

Bill Maher, a director of Abrdn Japan Equity Fund, Inc. (JEQ), amended a Form 4 to report share disposals made through the fund's issuer tender offer. On 09/03/2025 the reporting person (and related parties) disposed of shares at $8.04 per share as part of the tender offer. The filings state the fund purchased only a prorated portion of tendered shares using a final proration factor of 63.61%. The amendment corrects the previously reported post-transaction beneficial ownership down to 1,249.4984 shares and clarifies which holdings are direct or indirect (including holdings by spouse and the Maher/Goldhammer Revocable Trust). The amendment was signed by a power of attorney on 10/10/2025.

Allspring Global Investments Holdings, LLC reports beneficial ownership of 842,008 shares of abrdn Japan Equity Fund Inc class Mutual Fund SH CL B, representing 11.9% of the class as of 09/30/2025. The filer states it has sole voting power for 803,932 shares and sole dispositive power for 842,008 shares, with no shared voting or dispositive power. The filing notes these securities are owned of record by clients of investment advisers owned directly or indirectly by the reporting parent, and that no client is known to hold more than 5% except as stated. Exhibit A identifies subsidiaries involved in the ownership.

1607 Capital Partners, LLC filed an amended Schedule 13G reporting beneficial ownership of 866,040 shares of ABRDN JAPAN EQUITY FUND, INC. common stock, representing 12.24% of the class as of 09/30/2025. The filer states sole voting and dispositive power over all reported shares and certifies the shares are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing lists the filer’s address in Richmond, Virginia, and identifies the filer as an investment adviser type (IA). The statement is signed by Kevin Rutherford, Chief Compliance Officer, dated 10/07/2025.

Iamthongthong Pruksa filed an initial Form 3 reporting a relationship to ABRDN JAPAN EQUITY FUND, INC. (JEQ) as Director of Adviser. The filing expressly states that no securities are beneficially owned by the reporting person. The submission includes a power of attorney exhibit and was executed via an authorized POA signatory.

Amendment No. 6 to Schedule 13D discloses that Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein (the Reporting Persons) report beneficial ownership of 551,552 common shares of ABRDN JAPAN EQUITY FUND, INC. (ticker JEQ), representing 7.8% of the 7,072,985 shares outstanding used for calculation. The filing states the Reporting Persons tendered 963,187 shares into the issuer's tender offer and the issuer accepted those shares for $8.04 per share. Funds used came from investor subscriptions, capital appreciation and margin borrowings, and the Reporting Persons paid approximately $3,523,390 to acquire the reported shares. The amendment updates Items 3, 4, 5 and 7.