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 approval of its reorganization into abrdn Global Infrastructure Income Fund, which will trade under the symbol "ASGI" on the New York Stock Exchange [1][2] - 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][3] - 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][4] Voting Results - At the Special Meeting, 74.7% of the outstanding shares were voted, with 10,016,314 votes in favor of the reorganization and 528,477 against [2][3] - During the Annual Meeting, approximately 89.6% of outstanding common stock was voted, with significant support for the election of two Class II Directors [4][5] - Alan Goodson received 12,223,657 votes for his election, while Rose DiMartino received 12,211,238 votes [5]