ABRDN JAPAN EQUITY FUND, INC. (JEQ) ANNOUNCES ADDITIONAL TENDER OFFER DETAILS AND ANTICIPATED TIMING OF REORGANIZATION WITH ABRDN GLOBAL INFRASTRUCTURE INCOME FUND (ASGI)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2025
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Source: PRnewswire
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.
Analyst Views on ASGI
Wall Street analysts forecast ASGI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASGI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About ASGI
abrdn Global Infrastructure Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek to provide a high level of total return with an emphasis on current income. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of income-producing public and private infrastructure equity investments around the world. The Fund may invest in issuers located anywhere in the world, including issuers located in emerging markets. The Fund may invest up to 20% of its net assets in securities issued by companies that are not infrastructure companies. It may invest in securities denominated in United States dollars and currencies of foreign countries. The Fund invests in various sectors, such as industrials, utilities, energy, communication services, real estate, materials and information technology. Its investment advisor is abrdn Inc. and its investment sub-advisor is abrdn Investments Limited.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
