abrdn Japan Equity Fund, Inc. Reveals Final Results of Cash Tender Offer for Shareholders

Final Results of abrdn Japan Equity Fund, Inc. Cash Tender Offer

On September 5, 2025, abrdn Japan Equity Fund, Inc. (traded on the NYSE under the ticker JEQ) announced the final results concerning its recent cash tender offer. The Fund aimed to purchase up to 7,072,985 shares, signifying around 50% of its outstanding shares. This offer officially ended at 5:00 PM New York City time on September 2, 2025.

According to the depositary of the tender offer, Computershare Trust Company N.A., a noteworthy total of 11,116,238 shares were successfully tendered, amounting to an impressive 78.6% of the Fund's outstanding shares. However, as the Fund only intended to purchase a total of 7,072,985 shares, which results in a scenario of oversubscription, a proration process was necessary. Each tendered share is subject to a proration ratio of around 0.6363, following the stipulated terms of the cash tender offer agreement.

The shares that have been accepted will be compensated at a rate of $8.04 per share, a figure which equates to approximately 98% of the Fund's net asset value per share (NAV) as recorded at the close of trading on the NYSE on September 3, 2025. Upon the conclusion of the tender offer and subsequent share purchases, the Fund's total outstanding shares will stand at 7,072,985.

According to further updates from the Fund, payments for the accepted shares are projected to be processed around September 12, 2025. Shareholders who are keen to keep track of the Fund's performance, daily NYSE closing prices, and NAV can access comprehensive details through the official website at aberdeeninvestments.com or by reaching out directly to the Fund's Investor Services at 1-800-522-5465.

It is crucial for potential investors to acknowledge that while abrdn Inc. presents this information based on sources it trusts to be accurate and reliable, there are no guarantees concerning the accuracy or timeliness of the shared insights. Potential investors should undertake their own due diligence and seek professional advice, weighing in their investment objectives, risks, charges, and expenses before making any investment decisions.

Moreover, it is good to remember that closed-end funds like this one trade on the secondary market through various stock exchanges. Consequently, a Fund's investment return and principal value can fluctuate, which means the stock may be worth more or less than its original purchase cost. It is not uncommon for shares of closed-end funds to trade at rates above or below the NAV of the fund's portfolio, thus investors should not take past performance as a guarantee for future results.

In the realm of U.S. investments, Aberdeen Investments serves as a marketing name comprising a group of affiliated registered investment advisors, which include abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited. The Fund remains committed to pursuing its investment objectives, with a clear focus on delivering value to its shareholders. As the investment landscape evolves and markets shift, keen insight, adaptability, and prudent decision-making remain key to navigating the journey ahead for both the Fund and its stakeholders.