PHILADELPHIA, May 27, 2021 /PRNewswire/ -- Aberdeen Japan
Equity Fund, Inc. (the "Fund") (NYSE : JEQ) held its
Annual Meeting of Stockholders (the "Meeting") on May 27, 2021. At the Meeting, shareholders
of the Fund voted to elect one Class I Director and one Class III
Director to the Board of Directors.
As of the record date, April 12,
2021, the Fund had outstanding 13,408,535 shares of common
stock. 91.17% of outstanding common stock were voted representing a
quorum.
The description of the proposal and number of shares voted at
the Meeting are as follows:
To elect one Class I Director to the Board of Directors:
|
Votes For
|
Votes
Against
|
Votes
Abstained
|
|
Radhika
Ajmera
|
9,908,684
|
2,297,886
|
17,782
|
To elect one Class III Director to the Board of Directors:
|
Votes For
|
Votes
Against
|
Votes
Abstained
|
|
P. Gerald
Malone
|
10,215,461
|
1,990,854
|
18,037
|
Also effective at the shareholder meeting on May 27, 2021, Richard J.
Herring retired from the Fund pursuant to the Fund's
retirement policy. The Board would like to extend its sincere
gratitude to Mr. Herring and acknowledge the invaluable
contributions he has made to the Fund during his tenure and wish
him the best of success in all his future endeavours.
Effective upon the retirement of Mr. Herring, the Board appointed
P. Gerald Malone to serve as a Class
III director.
In the United States, Aberdeen
Standard Investments is the marketing name for the following
affiliated, registered investment advisers: Aberdeen Standard
Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard
Investments Australia Ltd., Aberdeen Standard Investments
(Asia) Ltd., Aberdeen Capital
Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC
and Aberdeen Standard Alternative Funds Limited.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund's investment return and principal
value will fluctuate so that an investor's shares may be worth more
or less than the original cost. Shares of closed-end funds may
trade above (a premium) or below (a discount) the net asset value
(NAV) of the fund's portfolio. There is no assurance that the Fund
will achieve its investment objective.
If you wish to receive this information
electronically, please contact
InvestorRelations@aberdeenstandard.com
aberdeenjeq.com
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SOURCE Aberdeen Japan Equity Fund, Inc.