Abrdn Japan Equity Fund Inc
JEQ
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Gary Robert Marshall
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 21 Church Street Singapore MD Singapore 049480
- IPO Date
- Aug 14, 1992
- CIK
- 0000866095
- Website
- aberdeenjeq.com
- Similar Companies
- Business
- Abrdn Japan Equity Fund Inc (JEQ) is a diversified, closed-end management investment company that seeks total return through capital appreciation and income by investing primarily in equity securities of Japanese companies. The fund targets established large- and mid-capitalization issuers across diversified sectors including industrials, technology, consumer discretionary, financial services, and healthcare; it employs a quantitative analysis approach combined with fundamental company analysis and macroeconomic research to construct its portfolio, benchmarking performance against the TOPIX Index. Launched in 1990 and domiciled in the United States with management by abrdn Investments Limited (formerly Aberdeen Standard Investments (Asia) Limited), the fund previously operated as Japan Equity Fund, Inc., and focuses on Japanese public equity markets without direct offerings of products or services beyond its shares traded on the NYSE. In a major strategic reorganization completed on October 13, 2025, JEQ merged into abrdn Global Infrastructure Income Fund (NYSE: ASGI), with JEQ shareholders receiving ASGI common shares equivalent to the net asset value of their JEQ holdings as of October 10, 2025; this tax-free transaction followed shareholder approval and included a conditional cash tender offer for up to 50% of JEQ's outstanding shares at 98% of NAV, which commenced after a special shareholder meeting in June 2025 and prorated due to oversubscription. Prior to the merger, the fund suspended its managed distribution policy after March 31, 2025, to facilitate the tender offer timing, and announced a final cash distribution of $0.6944 per share on October 7, 2025, comprising net investment income and return of capital. The reorganization preserves ASGI's investment objective, strategies, structure, and policies, marking JEQ's cessation as a standalone entity while enhancing scale through integration with the acquiring fund.