Japan Smaller Capitalization Fund, Inc. Announces Board Determination to Proceed with Conditional Tender Offer
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Japan Smaller Capitalization Fund, Inc. has announced its Board's decision to proceed with a conditional tender offer to purchase up to 10% of its outstanding shares. The tender offer is expected to be announced in late May 2026 with details on commencement date and terms.
Japan Smaller Capitalization Fund, Inc. (NYSE: JOF) has announced that its Board of Directors has approved a cash tender offer to purchase up to 10% of its outstanding shares. The tender offer is being conducted pursuant to the Fund's previously announced Conditional Tender Offer. The conditions 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, with an average trading discount of 10.5%. The Fund expects to announce additional details regarding the tender offer, including the commencement date and other material terms, following a Board meeting in late May 2026. The tender offer has not yet commenced and will be made only pursuant to offer materials filed with the SEC. The Fund invests primarily in smaller capitalization companies in Japan and is managed by NAM-U.S.A., a subsidiary of Nomura Asset Management Co., Ltd.
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