Japan Smaller Capitalization Fund, Inc. Announces Annual Meeting of Shareholders
The Japan Smaller Capitalization Fund (NYSE: JOF) has scheduled its 2020 Annual Meeting of Shareholders for November 24, 2020, at 10:30 A.M.
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Rhea-AI Summary
The Japan Smaller Capitalization Fund (NYSE: JOF) has scheduled its 2020 Annual Meeting of Shareholders for November 24, 2020, at 10:30 A.M. The meeting will focus on the election of three Directors. The Board has approved a declassification process for the board, with the nominated Directors serving until 2021. The record date for eligible shareholders is September 21, 2020. The Fund primarily invests in smaller Japanese companies, aiming for long-term capital appreciation and is managed by Nomura Asset Management U.S.A. Inc.
Positive
- Fund is focused on smaller capitalization companies in Japan, providing growth potential.
- Management by Nomura Asset Management U.S.A. Inc., a credible investment advisory firm.
Negative
- Directors will serve only until 2021, raising questions about longer-term governance.
- No significant new initiatives or performance updates mentioned in the PR.
Details
News Market Reaction – JOF
The recorded move for JOF in the trading session of this news was +0.36%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (NYSE: JOF) (the “Fund”) announced that it will hold its 2020 Annual Meeting of Shareholders (the “Meeting”) on Tuesday, November 24, 2020, at 10:30 A.M. to consider the election of three Directors. The Fund’s Board of Directors previously approved the declassification of the Fund’s board pursuant to a process that is being implemented over a three-year period. As a result, the three Directors nominated for election will serve for a term expiring in 2021 and until their successors are elected and qualified. The record date for determining shareholders entitled to participate in the Meeting is September 21, 2020.
The Fund invests primarily in the securities of smaller capitalization companies in Japan and is designed for investors seeking long-term capital appreciation. The Manager of the Fund is Nomura Asset Management U.S.A. Inc., which is based in New York. Nomura Asset Management U.S.A. Inc. is a subsidiary of Nomura Asset Management Co., Ltd., which is one of the largest investment advisory companies in Japan in terms of assets under management and which serves as the Investment Adviser to the Fund.
Past performance is not indicative of future results.
| Contact: | Maria R. Premole | |
| Nomura Asset Management U.S.A. Inc. | ||
| Worldwide Plaza | ||
| 309 West 49th Street | ||
| New York, NY 10019 | ||
| (800) 833-0018 |
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