ABRDN JAPAN EQUITY FUND, INC. (JEQ) ANNOUNCES RESULTS OF SPECIAL STOCKHOLDER MEETING RELATING TO PROPOSED REORGANIZATION WITH ABRDN GLOBAL INFRASTRUCTURE INCOME FUND (ASGI) AND RESULTS OF THE ANNUAL GENERAL MEETING

Core Points - abrdn Japan Equity Fund, Inc. has announced the results of its annual general meeting and special meeting, where stockholders approved the reorganization into abrdn Global Infrastructure Income Fund [1] - The reorganization involves transferring all assets of the Fund to the Acquiring Fund in exchange for newly issued common shares, with cash potentially distributed for fractional shares [2] - A cash tender offer will be conducted prior to the reorganization to purchase up to 50% of the issued shares at 98% of the Fund's net asset value [3] - The reorganization is expected to be completed in the fourth quarter of 2025, subject to customary closing conditions [4] - During the Annual Meeting, stockholders voted on the election of two Class II Directors and the continuation of one Class I Director [4][5] Voting Results - At the Special Meeting, 74.7% of outstanding shares were voted, with 10,016,314 votes in favor of the reorganization and 528,477 votes against [2][3] - In the election for Class II Directors, Alan Goodson received 12,223,657 votes for and Rose DiMartino received 12,211,238 votes for [5]