Japan Smaller Capitalization Fund

JOF

Market cap $330M

NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) today announced the final results of the Fund's tender offer (the “Tender Offer”) to acquire up to 10% of the Fund's outstanding shares. The Tender Offer expired at 5:00 p.m.

NEW YORK, July 02, 2026 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) announced today the expiration and preliminary results of the Fund's tender offer (the “Tender Offer”) to acquire up to 10% of the Fund's outstanding shares. The Tender offer commenced on June 1, 2026, and expired at 5:00 p.m.

NEW YORK, May 22, 2026 (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)'s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date. The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m.

Japan Smaller Capitalization Fund is a closed-end fund with an active exposure to Japanese small-cap equities. JOF benefits from structural ROE improvements, governance reforms, and moderate valuations, also positioning it for potential re-rating and relatively less downside exposure protection versus richly valued markets such as the S&P. Yen weakness can exert near-term pressure on total returns; however, in isolation, this does not negate the investment case. The execution of qualitative improvements, however, needs to be monitored.

NEW YORK, April 17, 2026 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) today announced that its Board of Directors (the “Board”) has approved a cash tender offer to purchase up to 10% of the Fund's outstanding shares. This tender offer is being conducted pursuant to the Fund's previously announced Conditional Tender Offer (the "CTO”).

NEW YORK, March 10, 2026 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) today declared monthly cash distributions to common shareholders pursuant to its Level Distribution Plan (“LDP”) as follows: Record Date Ex-Dividend Date Payment Date Distribution Amount April 15, 2026 April 15, 2026 April 30, 2026 $0.0887 May 15, 2026 May 15, 2026 May 29, 2026 $0.0887 June 15, 2026 June 15, 2026 June 30, 2026 $0.0887 The LDP is intended to provide shareholders with a constant, though not guaranteed, fixed rate of distribution each month. Distributions will be made primarily in cash but under the Fund's dividend-reinvestment plan, distributions will be made in Fund shares unless a shareholder has elected to receive cash.

CORRECTED AND RESTATED PRESS RELEASE This press release corrects and restates the press release issued on November 21, 2025 to correct the record date and ex-dividend date for the Fund's February 2026 distribution to February 13, 2026 (from February 16, 2026) due to the Presidents Day holiday. The payment date and distribution amount remain unchanged.

Japan Smaller Capitalization Fund offers small-cap Japan exposure but faces higher expense ratios and more domestic, yen-denominated risk than broader index funds. JOF's portfolio includes both domestic and export-oriented businesses, but its foreign market exposure is less than the broader index which can be accessed cheaply. Despite similar ROE and sales growth to category averages, JOF trades at ~30% lower PE and P/B, suggesting a value case exists.

NEW YORK, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) today declared monthly cash distributions to common shareholders pursuant to its Level Distribution Plan (“LDP”) as follows: Record Date Ex-Dividend Date Payment Date Distribution Amount January 15, 2026 January 15, 2026 January 30, 2026 $0.0887 February 16, 2026 February 16, 2026 February 27, 2026 $0.0887 March 16, 2026 March 16, 2026 March 31, 2026 $0.0887 The LDP is intended to provide shareholders with a constant, though not guaranteed, fixed rate of distribution each month. Distributions will be made primarily in cash but under the Fund's dividend-reinvestment plan, distributions will be made in Fund shares unless a shareholder has elected to receive cash.

Japan Smaller Capitalization Fund offers aggressive exposure to low PBR Japanese small/mid-caps, benefiting from improving capital allocation trends. JOF's recent NAV performance is strong, with 1-year and 3-year returns of 26.33% and 20.6%, respectively, outpacing its benchmark. It's even better when considering closed NAV discounts. The fund's 1.3% expense ratio is high, but you are getting a more difficult fund exposure, particularly in low PBR investments.