Japan Smaller Capitalization Fund, Inc. Announces Monthly Distributions for April, May and June 2026 Under Its Level Distribution Plan

Rhea-AI Summary

Japan Smaller Capitalization Fund (NYSE: JOF) declared monthly cash distributions under its Level Distribution Plan for April, May and June 2026 of $0.0887 per share each.

Record and ex-dividend dates are April 15, May 15 and June 15, 2026; payment dates are April 30, May 29 and June 30, 2026. Distributions may include net investment income, realized gains, or return of capital and may be reinvested under the Fund's dividend-reinvestment plan.

Positive

• Monthly distribution set at a consistent $0.0887 per share for Apr–Jun 2026
• Level Distribution Plan aims to provide predictable monthly cash flows
• Dividend-reinvestment option available, with cash for shares held at broker-dealers

Negative

• Distributions may include return of capital, which can reduce NAV over time
• Payouts are not guaranteed and could affect share discount to NAV
• Monthly distribution estimates are not intended for tax reporting

News Market Reaction – JOF

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-0.80% News Effect

On the day this news was published, JOF declined 0.80%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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. Shares held with a broker-dealer will receive distributions in cash.

Under the LDP, distributions may be derived from any combination of: (i) net investment income, (ii) realized capital gains, and/or (iii) a return of shareholder capital. The actual composition for each fiscal year will be reported to shareholders on Form 1099-DIV after year-end. Estimates provided in any monthly notice or in this press release are not intended for tax-reporting purposes and should not be relied upon as such.

The Fund cannot predict what effect, if any, the LDP will have on the market price of its shares, or whether such market price will trade at a narrower or wider discount to Net Asset Value (“NAV”) compared to levels prior to the Plan’s adoption.

Continued Focus on Long-Term Value

Today’s announcement represents the Fund’s objective to deliver competitive performance and stable distributions to shareholders. The Board and Nomura Asset Management U.S.A. Inc. (“NAM-U.S.A.”) remain committed to delivering long-term value creation and addressing the interests of our shareholders.

About the Fund

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 NAM-U.S.A., which is based in New York. NAM-U.S.A. 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 serves as the investment adviser to the Fund.

Forward Looking Statements

Certain information discussed in this press release may constitute forward-looking statements within the meaning of U.S. federal securities laws. Although the Fund and NAM-U.S.A. believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Fund and NAM-U.S.A. can give no assurance that their expectations will be achieved. Forward-looking information is subject to certain risks, trends, and uncertainties that could cause actual results to differ materially from those projected.

Contact: Maria Premole
1-800-833-0018
JOFInvestorRelations@nomura-asset.com

FAQ

What distribution amount did Japan Smaller Capitalization Fund (JOF) declare for April–June 2026?

The Fund declared $0.0887 per share for each month of April, May and June 2026. According to the company, those amounts apply to the record and ex-dividend dates listed for each month and will be paid on the stated payment dates.

When are the record, ex-dividend and payment dates for JOF monthly distributions in 2026?

Record and ex-dividend dates are April 15, May 15, June 15, 2026; payment dates are April 30, May 29 and June 30, 2026. According to the company, shareholders of record on those dates are eligible for the listed payments.

Will JOF distributions be paid in cash or shares for April–June 2026?

Distributions will be made primarily in cash, but will be issued in Fund shares for participants in the dividend-reinvestment plan. According to the company, shares held with a broker-dealer will receive cash distributions.

Are JOF monthly distributions guaranteed and what can they be sourced from?

Monthly distributions are not guaranteed and may be sourced from net investment income, realized capital gains, or return of capital. According to the company, the exact composition will be reported on Form 1099-DIV after year-end.

How should investors treat the distribution estimates announced by JOF for tax purposes?

Distribution estimates announced for April–June 2026 are not intended for tax reporting and should not be relied upon. According to the company, the official tax characterization will be provided after year-end on Form 1099-DIV.