Reorganization

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ABRDN JAPAN EQUITY FUND, INC. (JEQ) ANNOUNCES ADDITIONAL TENDER OFFER DETAILS AND ANTICIPATED TIMING OF REORGANIZATION WITH ABRDN GLOBAL INFRASTRUCTURE INCOME FUND (ASGI)
Prnewswireยท 2025-08-22 21:06
Group 1 - abrdn Japan Equity Fund, Inc. (NYSE: JEQ) is announcing details regarding its tender offer and the upcoming reorganization with abrdn Global Infrastructure Income Fund (NYSE: ASGI) [1] - The tender offer will expire on September 2, 2025, at 5:00 PM ET, with a valuation date of September 3, 2025, pricing shares at 98% of the NAV determined as of that date [9] - The settlement date for the tender offer is set for September 12, 2025, with a potential final distribution announcement on September 19, 2025, if necessary [9] Group 2 - The last day of trading for JEQ is anticipated to be on or about October 10, 2025, after which shareholders will receive newly issued common shares of ASGI equivalent to the aggregate net asset value of their JEQ shares [9] - Shareholders of JEQ as of market close on October 10, 2025, will be deemed shareholders of ASGI at the open of market trading hours on October 13, 2025 [9]