Japan Smaller Cap Fund to Buy Back 10% of Shares; Boosts Dividend

Japan Smaller Capitalization Fund's Board of Directors has approved a tender offer to purchase up to 10% of its issued and outstanding shares at 98% of the net asset value per share. The Tender Offer is expected to commence on June 1, 2026, and expire on July 1, 2026. Additionally, the Board approved re-leveling the Fund's monthly distribution rate to 10% of the market price, resulting in a 9% yield to NAV. This leads to a monthly distribution of $0.0956 per common share, an increase of approximately 8% from the current $0.0887.