Aberdeen Japan Equity Fund, Inc. Announces Board Changes
June 23, 2021 at 06:49 pm EDT
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ABERDEEN JAPAN EQUITY FUND, INC. announced that Mr. Stephen Bird, CEO of Standard Life Aberdeen plc ('SLA plc'), has been appointed as a management representative and an interested Director/Trustee to the Board of each Fund. Mr. Martin Gilbert, the former co-CEO of SLA plc, has resigned as an interested Director/Trustee from the Boards of FCO, ACP, JEQ, AGD, AOD, AWP, ASGI, and Aberdeen Funds. Mr. Gilbert's term as an interested Director of FAX and IAF ended earlier this year. The independent Directors/Trustees of the Funds subsequently engaged Mr. Gilbert as an advisory consultant to the independent Directors/Trustees.
abrdn Japan Equity Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to outperform over the long term, on a total return basis (including appreciation and dividends), the Tokyo Stock Price Index (TOPIX). The Fund seeks to achieve its investment objective by investing substantially all of its assets, but under normal circumstances at least 80% of its assets, in equity securities of companies listed on the Tokyo Stock Exchange (TSE) or listed on the over-the-counter market in Japan or listed on other stock exchanges in Japan. The Fund invests in various sectors, including consumer discretionary, industrials, information technology, healthcare, financials, materials, communication services, consumer staples, real estate, and short-term investment. abrdn Asia Limited is the investment manager of the Fund.
ABRDN JAPAN EQUITY FUND INC 
