abrdn Japan Equity Fund (NYSE:JEQ) has announced a significant corporate restructuring, including a proposed merger into abrdn Global Infrastructure Income Fund (NYSE:ASGI) and a conditional tender offer. The Boards of both funds have approved the merger, which requires JEQ shareholder approval. Key details of the reorganization include: Additionally, contingent upon merger approval, JEQ will conduct a cash tender offer to purchase up to 50% of outstanding shares at 98% of NAV. The Fund is suspending its managed distribution policy after March 31, 2025, to avoid disrupting the tender offer timing. The reorganization is expected to complete in Q3 2025, subject to shareholder approval.