Mizuho Leasing extends tender offer for Japan Infrastructure Fund

MM Power LLC, a wholly-owned subsidiary of Mizuho Leasing, extended its tender offer for investment units of Japan Infrastructure Fund Investment Corporation (JIA) from December 19, 2025, to January 7, 2026. This extends the tender offer period to a total of 38 business days, aiming to provide JIA unitholders more time to consider the offer. The tender offer price of JPY 65,000 per investment unit remains unchanged.

Following the tender offer, Mizuho Leasing will acquire a 49.0% stake in JIA from Marubeni, Mizuho Bank, and Mizuho Trust & Banking. The transfer of JIA shares to Mizuho Leasing, initially scheduled for December 26, 2025, is now expected on January 15, 2026. The effectiveness of squeeze-out procedures, if necessary, is now expected between mid-March and late March 2026.

JIA's Special Committee and Board of Officers affirmed their support for the tender offer and recommended unitholders tender their units, acknowledging that the extended period further ensures fairness and opportunity. The decision to maintain the JPY 65,000 tender offer price was based on comprehensive evaluations.