Japan Smaller Capitalization Fund, Inc. Announces Monthly Distributions for January, February and March 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 January, February and March 2026, each of $0.0887.

The press release corrects the February 2026 record and ex-dividend date to February 13, 2026; payment dates remain January 30, February 27 and March 31, 2026. Distributions may include net investment income, realized gains, or a return of shareholder capital and may be reinvested under the Fund’s dividend reinvestment plan.

Positive

• Monthly distribution of $0.0887 announced for Jan–Mar 2026
• Consistent monthly payment schedule: Jan 30, Feb 27, Mar 31, 2026
• Dividend reinvestment option available for shareholders not electing cash

Negative

• Distributions may include a return of shareholder capital, which can reduce NAV
• Fund cannot predict effect of LDP on market price or discount to NAV

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.

NEW YORK, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) has 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 13, 2026	February 13, 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. 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 monthly distribution did Japan Smaller Capitalization Fund (JOF) declare for January–March 2026?

The Fund declared a monthly cash distribution of $0.0887 for each month January, February and March 2026. According to the company, payments are scheduled Jan 30, Feb 27 and Mar 31, 2026.

Why was the February 2026 ex-dividend date for JOF corrected to February 13, 2026?

The ex-dividend and record date for February 2026 were corrected to February 13, 2026 due to the Presidents Day holiday. According to the company, the payment date and amount were unchanged.

Will JOF distributions be paid in cash or shares for shareholders in 2026?

Distributions will be made primarily in cash, but under the Fund’s dividend-reinvestment plan they will be issued in Fund shares unless a shareholder elects cash. According to the company, shares held with brokers receive cash.

Can JOF distributions come from sources other than net investment income?

Yes. Distributions may be derived from net investment income, realized capital gains, and/or a return of shareholder capital. According to the company, the actual composition will be reported on Form 1099-DIV after year-end.

How might the Level Distribution Plan affect JOF’s market price and NAV?

The Fund cannot predict the LDP’s effect on market price or discount to NAV; outcomes may vary. According to the company, investors should note the plan is intended to provide a constant but not guaranteed monthly distribution.