#United States #Philadelphia #Cash Tender Offer #Equity Fund #abrdn Japan

abrdn Japan Equity Fund, Inc. Announces Cash Tender Offer Results

On September 3, 2025, abrdn Japan Equity Fund, Inc., listed under NYSE as JEQ, disclosed the preliminary outcomes of its recent cash tender offer. This offer aimed at repurchasing up to 7,072,985 shares, which constitutes almost half of the Fund's outstanding shares.

The tender offer officially concluded at 5:00 PM New York City time on September 2, 2025. Initial reports indicate that around 10,781,895 shares, equivalent to 76.2% of the Fund's outstanding stock, were submitted by shareholders before the deadline. It’s important to note that these figures are provisional and may undergo adjustments as necessary.

As a result of a higher-than-expected participation in the tender offer, where the requested shares exceeded the available shares for repurchase, the Fund will allocate purchases on a pro-rata basis. This means that the number of shares accepted will be proportional to the shares that each shareholder submitted, thus some may receive less than their requested amount. No more than 7,072,985 properly tendered shares will be accepted at a price set at 98% of the Fund's net asset value per share (NAV), calculated from the close of trading on September 3, 2025.

The final tally of shares that have been validly tendered and accepted will be announced once the evaluation is complete, confirming the amounts and payments involved.

Investor Considerations

For investors tracking the performance and valuation of the abrdn Japan Equity Fund, crucial information such as the daily NYSE closing price and NAV, as well as other data like updated portfolio statistics and performance metrics, can be found on the official website of Aberdeen Investments. Investors can also reach out to the Fund's Investor Services team by calling 1-800-522-5465 for detailed inquiries.

abrdn Inc. prepared this announcement using sources thought to be accurate and reliable. However, neither the Fund nor its associated investment managers guarantee this information's accuracy. Investors are urged to seek professional advice and consider their investment objectives, risks, charges, and expenses before making any financial decisions.

It’s crucial to recognize that closed-end funds trade on secondary markets through stock exchanges, and the market value can vary, affecting the principal value of investments. The shares may trade at a premium or discount compared to the NAV, and there is no guarantee that the Fund will meet its investment objectives. Historical performance does not necessarily predict future results.

This tender offer marks an important step for investors and stakeholders interested in the performance of abrdn Japan Equity Fund, highlighting engagement and interest from shareholders in managing their investments actively. As reports finalize, the Fund will not only clarify the tender offer outcomes but also reinforce its commitment to providing transparent and timely information to its investors.