NEW YORK, April 17, 2026 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) today announced that its Board of Directors (the “Board”) has approved a cash tender offer to purchase up to 10% of the Fund’s outstanding shares.
This tender offer is being conducted pursuant to the Fund’s previously announced Conditional Tender Offer (the "CTO”). The conditions of the CTO were satisfied as the average trading discount of the Fund’s shares exceeded 9% during the period from July 1, 2025 through March 31, 2026 (the “Measurement Period”). The Fund’s average trading discount during the Measurement Period was 10.5%.
Following a meeting of the Board scheduled for late May 2026, the Fund expects to announce additional regarding the tender offer, including the anticipated commencement date and other material terms and conditions, as appropriate.
Important Information
The tender offer described in this press release has not yet commenced. This press release is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell any shares of the Fund. Any tender offer will be made only pursuant to offer materials (including an Offer to Purchase and related documents) filed with the SEC under Schedule TO and disseminated to stockholders.
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 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. Actual results may differ materially due to risks, uncertainties, and other factors, including market conditions and the timing and terms of any tender offer.
Contact: Maria Premole
1-800-833-0018
[email protected]