JEQ Overview

Reorganization Announcement: The abrdn Global Infrastructure Income Fund (ASGI) has completed the reorganization of the abrdn Japan Equity Fund, Inc. (JEQ) as of October 10, 2025, with JEQ shareholders receiving ASGI shares equivalent to the net asset value of their JEQ holdings.

No Changes to Investment Strategy: The reorganization will not alter the investment objectives, strategies, structure, or policies of the Acquiring Fund (ASGI).

Distribution Announcement: Aberdeen Investments U.S. Closed-End Funds announced a distribution of $0.6944 per share for the abrdn Japan Equity Fund (JEQ), payable to shareholders of record as of September 29, 2025, before its reorganization into the abrdn Global Infrastructure Income Fund (ASGI).

Tax and Performance Information: Shareholders will receive a Form 1099-DIV at year-end detailing the distribution's composition for tax purposes, while the fund's performance over the past five years shows an average annual total return of 5.49% and a cumulative distribution rate of 2.79%.

Distribution Announcement: abrdn Japan Equity Fund, Inc. will pay a cash distribution of $0.6944 per share on October 7, 2025, representing long-term realized gains and net investment income, with a record and ex-date of September 29, 2025.

Fund Reorganization: This distribution is the final one before the Fund's reorganization into abrdn Global Infrastructure Income Fund, with shareholders receiving common shares of ASGI based on the net asset value of their JEQ shares after the market closes on October 10, 2025.

Tender Offer Results: abrdn Japan Equity Fund, Inc. announced the final results of its cash tender offer for up to 7,072,985 shares, with approximately 78.6% of outstanding shares tendered by the deadline of September 2, 2025.

Share Acceptance and Payment: The Fund accepted 7,072,985 shares for cash payment at $8.04 per share, representing 98% of the net asset value, with payment expected around September 12, 2025, and all tenders subject to proration due to oversubscription.

Tender Offer Announcement: abrdn Japan Equity Fund, Inc. announced the preliminary results of its cash tender offer for up to 7,072,985 shares, which expired on September 2, 2025.

Oversubscription Details: Approximately 10,781,895 shares were tendered, representing 76.2% of the Fund's outstanding stock, leading to a pro-rated purchase of shares at 98% of the Fund's net asset value as of September 3, 2025.

Tender Offer Details: abrdn Japan Equity Fund, Inc. has announced a tender offer expiring on September 2, 2025, with shares priced at 98% of the NAV determined on September 3, 2025.

Settlement and Final Distribution: Payments for accepted shares will be made around September 12, 2025, with a potential final distribution announcement on September 19, 2025.

Reorganization Timeline: The last trading day for JEQ is expected to be October 10, 2025, after which shareholders will receive common shares of abrdn Global Infrastructure Income Fund (ASGI).

Investor Information: Investors can access daily NYSE closing prices, NAV, and other fund details through the Fund's website or by contacting Investor Services.