#United States #Philadelphia #abrdn #Japan Equity Fund #JEQ

abrdn Japan Equity Fund Announces New Meeting Dates

On June 3, 2025, the Board of Directors of abrdn Japan Equity Fund, Inc. (NYSE: JEQ) announced significant changes regarding its stockholder meetings. Originally scheduled for a different date, the 2025 Annual Meeting and the Special Meeting of Stockholders will now take place on July 25, 2025. These meetings are crucial as they present stockholders an opportunity to influence the governance and strategic direction of the Fund.

The venue for the meetings will be at the offices of abrdn Inc., located at 1900 Market Street, Suite 200, Philadelphia, PA 19103. Crucially, all stockholders on record as of June 13, 2025, will be entitled to cast their votes in these pivotal gatherings. Relevant materials, including information on voting procedures and meeting agendas, will be distributed shortly after this record date.

Agenda and Main Discussion Points

During the Special Meeting, stockholders will be called upon to approve the reorganization of the Fund into the abrdn Global Infrastructure Income Fund (ASGI), commonly referred to as the “Reorganization.” This move is seen as a realignment of the Fund’s investment strategy to better meet the changing market demands and shareholder expectations. Detailed information regarding this proposed reorganization will be shared in what is termed a combined prospectus/proxy statement, which will be mailed to JEQ stockholders ahead of the meetings.

In connection with the reorganization, the Fund anticipates initiating a cash tender offer. This offer would allow the Fund to purchase up to 50% of its issued and outstanding shares at a price equivalent to 98% of the Fund's NAV per share, determined on the following business day after the tender offer expires. Such initiatives have been designed to bolster the Fund's capital structure and provide current stockholders with liquidity options.

Future Updates and Legal Considerations

As the timeline progresses, stockholders should remain vigilant regarding the definitive proxy statement, which has yet to be filed with the U.S. Securities and Exchange Commission (SEC). It is important to note that this statement is subject to amendments or withdrawals. Additionally, it will only be distributed to stockholders once a corresponding Registration Statement is deemed effective by the SEC.

Therefore, it is highly recommended that investors review the Prospectus/Proxy Statement thoroughly when it becomes available. This document will contain vital details pertaining to the reorganization and broader implications of these meetings for stockholders.

Significant Legal Notices

The details shared in this announcement serve informational purposes and do not constitute an offer to sell or solicitations related to the purchase of securities in relation to the proposed transaction. Any sales or transfers of securities must abide by applicable laws, and offers will only be made in compliance with securities regulations as stipulated in the Securities Act of 1933.

Investors may access the official prospectus through the SEC’s website, allowing them to stay informed on the necessary action items and implications of the reorganization.

In essence, the changes in scheduled meeting dates highlight the dynamic landscape of the investment framework under abrdn Japan Equity Fund, Inc., aiming to adapt strategically to market conditions and shareholder needs.