PR Newswire
PHILADELPHIA, June 23, 2016
PHILADELPHIA, June 23, 2016 /PRNewswire/ -- Aberdeen Japan Equity Fund, Inc. (the "Fund") (NYSE: JEQ) held its Annual Meeting of Stockholders (the "Meeting") on June 22, 2016. At the Meeting, stockholders of the Fund voted to re-elect two Class II Directors to the Board of Directors and elect one Class III Director to the Board of Directors.
As of the record date, April 29, 2016, there were 13,600,536 outstanding shares of the Fund. 87.45% of the outstanding shares were voted at the Meeting representing a quorum.
The description of the proposal and number of shares voted at the Meeting are as follows:
To re-elect two Class II Directors to the Board of Directors and elect one Class III Director to the Board of Directors:
| Votes For | Votes Against | Abstained |
David Harmer | 10,801,208 | 1,031,558 | 60,812 |
Rahn Porter | 10,900,463 | 931,776 | 61,339 |
Anthony Clark | 10,899,336 | 932,857 | 61,384 |
Directors whose term of office continued beyond the Meeting are as follows: Radhika Ajmera, Martin Gruber and Richard Herring.
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@aberdeen-asset.com
aberdeenjeq.com
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SOURCE Aberdeen Japan Equity Fund, Inc.
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