Japan Smaller Capitalization Fund Plans Monthly Cash Distributions
Monthly Distributions Announced by Japan Smaller Capitalization Fund
Japan Smaller Capitalization Fund, Inc. (the "Fund"), has exciting news for its shareholders as it prepares for monthly cash distributions under its Level Distribution Plan (LDP). This initiative aims to create a steady, though not guaranteed, stream of income for investors.
Distribution Details for Upcoming Months
The Fund has officially declared the cash distributions, scheduled as follows:
Expected Distributions
Record Date: October 15, November 14, December 15
Ex-Dividend Date: October 15, November 14, December 15
Payment Date: October 31, November 28, December 31
Distribution Amount: $0.0887 for each month.
Understanding the Level Distribution Plan
The LDP is designed to provide consistent returns to shareholders each month, enhancing the potential for ongoing financial stability. Shareholders will primarily receive cash distributions, although those enrolled in the dividend-reinvestment plan will receive shares unless they choose cash. This structure allows flexibility depending on the investor's preference.
Sources of Distribution
The income from the LDP can derive from various sources:
- Net investment income
- Realized capital gains
- Return of shareholder capital
Each fiscal year, the exact composition of these distributions will be communicated to shareholders via Form 1099-DIV after year-end reporting.
Market Dynamics and Their Impact
It remains uncertain how the LDP will influence the market price of the Fund's shares, especially in relation to the Net Asset Value (NAV). Investors will be closely monitoring trends to understand how these distributions could affect share performance.
Long-Term Commitment to Shareholder Value
This distribution announcement reflects the Fund's dedication to delivering competitive results and consistent income to its shareholders. The Fund's Board and its management team at Nomura Asset Management U.S.A. Inc. are fully committed to maximizing long-term shareholder value.
The Essence of the Fund
The Japan Smaller Capitalization Fund primarily invests in smaller capitalization company securities in Japan, making it an attractive option for investors interested in long-term capital growth. With a management team dedicated to strategic investments, the Fund aims to support rigorous oversight and value generation for its stakeholders.
Key Contact Information
For further information or inquiries, shareholders can reach out to:
Maria Premole
1-800-833-0018
JOFInvestorRelations@nomura-asset.com
Frequently Asked Questions
What is the Level Distribution Plan (LDP)?
The LDP provides shareholders with regular cash distributions to enhance financial stability, although exact amounts cannot be guaranteed.
How often will the distributions occur?
Distributions will occur monthly, with set record and payment dates.
Who manages Japan Smaller Capitalization Fund?
Nomura Asset Management U.S.A. Inc. is responsible for managing the Fund's investment strategies.
What are the sources of distribution?
Distributions can come from net investment income, realized capital gains, or a return of shareholder capital.
How can shareholders opt for cash versus shares?
Shareholders can elect to receive cash distributions or reinvest in Fund shares according to their preferences, particularly under the dividend-reinvestment plan.
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