Abrdn Japan Equity Fund Commences 50% Cash Tender Offer to Purchase Shares

Abrdn Japan Equity Fund Initiates Tender Offer

On August 1, 2025, the Abrdn Japan Equity Fund, Inc. (NYSE: JEQ), a diversified investment management firm, announced a major financial initiative. The Fund will kick off a cash tender offer aimed at purchasing up to 7,072,985 shares, which amounts to approximately 50% of its total outstanding shares. This tender offer is significant, especially due to its pricing strategy, which will see shares bought at 98% of their net asset value (NAV) based on the next business day after the tender offer's expiration.

Details of the Tender Offer

The tender offer officially started at 12:01 AM on August 1, 2025, and is set to end at 5:00 PM NYC time on September 2, 2025. Unless extended, the offers will be processed shortly after the conclusion of this period, with payments expected around September 12, 2025. In addition, the tender offer contains provisions for odd lots, where shareholders owning 99 shares or fewer will have their shares purchased before larger holdings on a pro-rata basis. It's important to note that the Fund will not increase the amount of shares offered for purchase, even if demand exceeds the designated limit.

Shareholder Implications

This cash tender offer presents an opportunity for existing shareholders to liquidate portions of their holdings at a favorable rate. By allowing stakeholders a chance to cash in their shares, the Fund is responding to market conditions while managing its investment portfolio strategically. This decision may enhance liquidity for investors while potentially stabilizing the Fund’s share price in the long run.

Shareholders are encouraged to refer to the official Tender Offer materials, which will be dispatched around August 1, 2025. These documents will provide essential details regarding the structure, terms, and conditions of the tender offer. Stockholders who do not receive these materials can contact EQ Fund Solutions, LLC, the designated information agent, for assistance.

Notification and Procedures

In the announcement, it is made clear that this press release does not serve as an investment recommendation or solicitation. Stockholders are urged to review the Offer to Purchase and the related Letter of Transmittal thoroughly as they contain critical information regarding the offer's parameters.

Regulatory Compliance

The tender offer is being conducted in accordance with the regulatory guidelines set by the U.S. Securities and Exchange Commission. The Fund cautions investors that forward-looking statements in this release are based on current expectations and carry inherent risks that may lead to differences in actual future outcomes. Stockholders are advised to stay informed by visiting the SEC's website for real-time updates regarding the Fund’s activities.

In conclusion, the abrdn Japan Equity Fund’s cash tender offer represents a strategically vital opportunity for both the Fund and its shareholders. Stakeholders are encouraged to participate by understanding the detailed conditions and engaging with the resources provided through the Fund’s investor services or their information agent. The potential impact of this tender offer on market dynamics and individual investment strategies cannot be understated, making it a pivotal moment for all parties involved.