Cash Distribution Announcements for Shareholders
NEW YORK, Nov. 21, 2025 -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) has declared its monthly cash distributions to common shareholders through its Level Distribution Plan (LDP). These distributions are scheduled as follows:
Monthly Distribution Details
The Fund aims to provide shareholders with consistent monthly distributions. The distribution schedule is designed to give investors a stable return. Here are the key details:
January 2026
Record Date: January 15, 2026
Ex-Dividend Date: January 15, 2026
Payment Date: January 30, 2026
Distribution Amount: $0.0887
February 2026
Record Date: February 16, 2026
Ex-Dividend Date: February 16, 2026
Payment Date: February 27, 2026
Distribution Amount: $0.0887
March 2026
Record Date: March 16, 2026
Ex-Dividend Date: March 16, 2026
Payment Date: March 31, 2026
Distribution Amount: $0.0887
Understanding the Distribution Structure
The LDP intends to maintain a fixed rate of distribution every month, providing a sense of reliability for shareholders. Distributions will primarily be in cash but may be converted into Fund shares under the Fund’s dividend-reinvestment plan if shareholders choose. If shares are maintained through a broker-dealer, these shareholders will receive their distributions in cash.
Source of Distributions
The funds for these distributions may come from a variety of sources, including: (i) net investment income, (ii) realized capital gains, or (iii) return of shareholder capital. Each fiscal year, the breakdown of these sources will be reported to shareholders on Form 1099-DIV after the fiscal year ends. However, it is important to note that the estimates provided are not meant for tax-reporting purposes.
Market Effects of LDP
Determining how the LDP may influence the market price of Fund shares remains uncertain. There is no guarantee that the market price will trade closer to or further from the Net Asset Value (NAV) after implementing the LDP.
Commitment to Shareholder Interests
The latest announcement signifies the Fund’s commitment to competitive performance and stable distributions for its shareholders. The Board, alongside Nomura Asset Management U.S.A. Inc. (NAM-U.S.A.), is dedicated to delivering long-term value creation while addressing the needs and interests of investors.
About Japan Smaller Capitalization Fund
This Fund primarily invests in smaller capitalization companies in Japan, targeting investors keen on long-term capital appreciation. Managed by NAM-U.S.A., based out of New York, the Fund is supported by one of Japan's largest investment advisory firms, Nomura Asset Management Co., Ltd.
Contact Information
For further inquiries, reach out to Maria Premole at 1-800-833-0018 or email JOFInvestorRelations@nomura-asset.com.
Frequently Asked Questions
What is the Level Distribution Plan?
The Level Distribution Plan is a strategy designed to provide shareholders with consistent monthly cash distributions, aiming for stability in returns.
How often does the fund issue distributions?
The Fund issues monthly distributions, allowing shareholders to receive regular income from their investments.
What are the expected distribution amounts for the upcoming months?
For January, February, and March 2026, the expected distribution amount is $0.0887 for each month.
Who manages the Japan Smaller Capitalization Fund?
The Fund is managed by Nomura Asset Management U.S.A. Inc. (NAM-U.S.A.) which is based in New York.
How are distributions determined by the Fund?
Distributions can come from net investment income, realized capital gains, or a return of shareholder capital, depending on the Fund's performance.
