ABRDN JAPAN EQUITY FUND, INC. (JEQ) ANNOUNCES EXPIRATION AND PRELIMINARY RESULTS OF CASH TENDER OFFER
Prnewswireยท2025-09-03 12:17
Group 1 - abrdn Japan Equity Fund, Inc. announced a cash tender offer for up to 7,072,985 shares, which is approximately 50% of its outstanding shares [1] - Approximately 10,781,895 shares, or 76.2% of the Fund's outstanding stock, were tendered by the expiration date, indicating an oversubscription [2] - The shares accepted will be pro-rated based on the number of shares properly tendered, with a purchase price set at 98% of the Fund's net asset value (NAV) as of September 3, 2025 [2]