1607 Capital Reports 866,040 Shares, 12.24% of JEQ

Rhea-AI Filing Summary

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.

Positive

• Disclosure compliance: Detailed Schedule 13G/A filed, meeting reporting requirements
• Clear voting control: Reports sole voting and sole dispositive power for 866,040 shares

Negative

• None.

Insights

Institutional Ownership Analyst

Large passive stake disclosed: 12.24% ownership with sole control of shares.

The filing shows 866,040 shares and 12.24% ownership, indicating a >5% position that must be reported under Schedule 13G rules. The filer reports sole voting and sole dispositive power for all shares, which signals centralized voting authority within the reporting entity.

This position is described as held in the ordinary course of business and not for control purposes; investors should note the 09/30/2025 reporting date and monitor subsequent filings for any changes in percent ownership or voting power within the next regulatory reporting cycle.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 20)

ABRDN JAPAN EQUITY FUND, INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

00306J109

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 00306J109

1

Names of Reporting Persons

1607 Capital Partners, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 866,040.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 866,040.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

866,040.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

12.24 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ABRDN JAPAN EQUITY FUND, INC.
(b)	Address of issuer's principal executive offices: 1900 Market Street, Suite 200, Philadelphia, PA 19103
Item 2.
(a)	Name of person filing: 1607 Capital Partners, LLC
(b)	Address or principal business office or, if none, residence: 13 S. 13th Street, Suite 400, Richmond, Virginia 23219
(c)	Citizenship: Delaware, United States
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 00306J109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 866,040
(b)	Percent of class: 12.24%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 866,040
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 866,040
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

1607 Capital Partners, LLC

Signature:	Kevin Rutherford
Name/Title:	Kevin Rutherford | Chief Compliance Officer
Date:	10/07/2025

FAQ

What stake does 1607 Capital Partners hold in JEQ?

1607 Capital Partners reports ownership of 866,040 shares, representing 12.24% of JEQ common stock as of 09/30/2025.

Does 1607 Capital Partners have voting control over the JEQ shares?

Yes. The filing reports sole voting power and sole dispositive power for all 866,040 shares.

Was the position reported as held to influence control of ABRDN Japan Equity Fund?

No. The certification states the shares are held in the ordinary course of business and were not acquired to change or influence control.

Who signed the Schedule 13G/A and when?

The filing is signed by Kevin Rutherford, Chief Compliance Officer, dated 10/07/2025.

Where is 1607 Capital Partners located?

The filer’s principal business address is listed as 13 S. 13th Street, Suite 400, Richmond, Virginia 23219.