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Aberdeen Japan Equity Fund, Inc. (NYSE:JEQ) announced the resignation of Rahn K. Porter as a Director effective May 26, 2022, reducing the Board to four members. During the same day, the Fund held its Annual Meeting of Stockholders, where shareholders elected Stephen Bird as a Class II Director until the 2025 Annual Meeting. Of the 13,408,536 shares outstanding, 62.92% were voted, indicating active shareholder engagement in corporate governance.
Aberdeen Japan Equity Fund, Inc. (NYSE:JEQ) announced a $0.15 per share distribution payable on March 31, 2022, to stockholders of record as of March 24, 2022. The distribution policy aims for a stable quarterly distribution set at an annual rate of 6.5%. Effective June 2022, shareholders may opt to receive distributions in newly issued shares. The distribution breakdown indicates 17% comes from net investment income. Shareholders must notify respective brokers by June 17, 2022, to elect cash instead of shares. Overall, the distribution policy is under continuous review.
Aberdeen Japan Equity Fund, Inc. (NYSE:JEQ) announced a distribution of US$0.98049 per share on January 11, 2022, to stockholders of record as of December 30, 2021. This distribution includes $0.10751 from net investment income and $0.87298 from net realized long-term capital gains. The Fund has also introduced a Managed Distribution Policy beginning in 2022, paying quarterly distributions at an annual rate of 6.5% based on the rolling average daily net asset value. The policy aims to enhance liquidity for shareholders.
Aberdeen Japan Equity Fund, Inc. (NYSE: JEQ) held its Annual Meeting of Stockholders on May 27, 2021, where shareholders voted to elect Radhika Ajmera as a Class I Director and P. Gerald Malone as a Class III Director. A total of 91.17% of outstanding shares were voted, with Ajmera receiving 9,908,684 votes in favor and Malone receiving 10,215,461 votes. Additionally, Richard J. Herring retired from the board, and the board expressed gratitude for his contributions. The Fund had 13,408,535 shares of common stock outstanding as of the record date, April 12, 2021.
The Aberdeen Japan Equity Fund, Inc. (NYSE: JEQ) announced a distribution of US$0.43469 per share to stockholders on January 8, 2021. This consists of $0.06128 from net investment income and $0.37341 from net realized long-term capital gains. Stockholders of record as of December 31, 2020 will receive the payment, with the ex-dividend date on December 30. Additionally, a Form 1099-DIV will be sent in January 2021 providing tax information for the distribution. Investors should note that past performance does not guarantee future results.
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