Japan Smaller Capitalization Fund, Inc. Declares $0.3118 Ordinary Income Distribution
Rhea-AI Summary
Japan Smaller Capitalization Fund (NYSE: JOF) has announced an ordinary income distribution of $0.3118 per share. The distribution will be payable on December 27, 2024, to shareholders of record on December 19, 2024, which is also the ex-dividend date.
The Fund notes that the announced distribution amounts and sources are estimates only and not for tax reporting purposes. Final tax reporting figures will depend on the Fund's investment performance throughout its fiscal year and may change based on tax regulations. Shareholders of record will receive a Form 1099-DIV for the calendar year regarding the tax treatment of dividend distributions.
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News Market Reaction
On the day this news was published, JOF declined 0.38%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (NYSE: JOF) (the “Fund”) announced that it would make an ordinary income distribution of
The amounts and sources of distributions reported in this press release are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the entirety of its fiscal year and may be subject to changes based on tax regulations. The Fund intends to send a Form 1099-DIV for the calendar year concerning the tax treatment of the dividend distributions that were paid to shareholders of record during the year ending December 31, 2024.
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 Nomura Asset Management U.S.A. Inc. (NAM USA), which is based in New York. NAM USA 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.
Forward Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the meaning of the United States federal securities laws. Although the Fund and NAM USA believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Fund and NAM USA can give no assurance that its 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.
Past performance is not indicative of future results. There is a risk of loss.
| Contact: | Maria Premole |
| 1-800-833-0018 | |
| JOFInvestorRelations@nomura-asset.com |
FAQ
When is the ex-dividend date for JOF's December 2024 distribution?
How much is JOF's ordinary income distribution for December 2024?
When will JOF pay its December 2024 distribution?
What tax documentation will JOF shareholders receive for the 2024 distributions?
