M&A - ABRDN JAPAN EQUITY FUND, INC.

Form Type: N-CSRS

Filing Date: 2025-07-07

Corporate Action: Merger

Type: Update

Accession Number: 000110465925066103

Filing Summary: ABRDN Japan Equity Fund, Inc. (the Fund) has filed its Semi-Annual Report for the period ending April 30, 2025. The report outlines the Fund's investment performance and includes the approval of a proposed reorganization of the Fund into ABRDN Global Infrastructure Income Fund (ASGI), which will be subject to shareholder approval. Shareholders of record as of June 13, 2025, are set to vote on this proposal during a special meeting planned for July 27, 2025. The planned reorganization is intended to qualify as a tax-free event under U.S. federal income tax regulations. In conjunction with the reorganization, the Fund has also approved a conditional cash tender offer to purchase up to 50% of its issued shares. The Board of Directors has suspended its managed distribution policy following the March 31, 2025 distribution in anticipation of these events. Additional updates regarding operating performance, portfolio composition, and the implications of the proposed merger are provided in the document.