Abrdn Emerging Markets Ex-China Fund, Inc. Concludes Cash Tender Offer

abrdn Emerging Markets Equity ex-China Fund, Inc. (NYSE American: AEF) has announced the conclusion of its cash tender offer. The offer involved up to 10,150,355 shares, representing 20% of the Fund's outstanding shares. The tender offer expired on February 20, 2025. A total of 36,746,773 shares, amounting to 72.4% of the Fund's outstanding stock, were submitted.

The Fund accepted 10,150,355 shares for cash at $6.07 per share, which equals 98% of the net asset value (NAV). Due to the high number of shares tendered, proration at a ratio of approximately 0.27624999 was implemented. With these transactions, the Fund now holds 40,601,423 outstanding shares.

Effective February 24, 2025, the Fund invests at least 80% of its net assets in emerging markets equity securities, excluding China. A new policy mandates a one-time tender offer if performance does not meet the MSCI Emerging Markets ex-China Index by February 28, 2028.