Japan Smaller Capitalization Fund, Inc. will distribute $0.3118 per share on December 27, 2024, for shareholders of record.
Quiver AI Summary
Japan Smaller Capitalization Fund, Inc. (NYSE: JOF) has announced an ordinary income distribution of $0.3118 per share, scheduled for payment on December 27, 2024, to shareholders recorded by December 19, 2024, which is also the ex-dividend date. The reported distribution amounts are estimates and not intended for tax reporting purposes, with actual figures determined by the Fund's fiscal year investment performance and subject to tax regulations. Shareholders will receive a Form 1099-DIV by the end of the calendar year regarding the tax treatment of the distributions. The Fund primarily invests in smaller capitalization companies in Japan, aiming for long-term capital appreciation, and is managed by Nomura Asset Management U.S.A. Inc. (NAM USA), a subsidiary of a major Japanese investment advisory firm. The press release also includes forward-looking statements, cautioning that expectations may not be met due to various risks and uncertainties.
Potential Positives
- The Fund is distributing an ordinary income of $0.3118 per share, providing a financial benefit to shareholders.
- The distribution reflects the Fund's commitment to returning value to its investors, which may enhance shareholder loyalty and attract new investors.
- The announcement of a definitive ex-dividend date allows investors to plan their investments and understand their eligibility for dividends.
Potential Negatives
- The announcement of the income distribution provides only estimates, which may create uncertainty for investors regarding the actual amounts and sources for tax reporting purposes.
- The disclaimer regarding forward-looking statements suggests potential risks and uncertainties that could impact investor confidence and the perceived stability of the Fund.
- Highlighting the risk of loss and the statement that past performance is not indicative of future results may deter potential investors from viewing the Fund as a reliable investment vehicle.
FAQ
When is the dividend payment for the Japan Smaller Capitalization Fund?
The dividend payment is scheduled for December 27, 2024.
What is the amount of the ordinary income distribution?
The ordinary income distribution is $0.3118 per share.
What is the ex-dividend date for JOF shareholders?
The ex-dividend date is December 19, 2024.
How does the Fund determine the tax treatment of dividends?
The Fund will send a Form 1099-DIV detailing the tax treatment based on the year's distributions.
Who manages the Japan Smaller Capitalization Fund?
The Manager of the Fund is Nomura Asset Management U.S.A. Inc. (NAM USA).
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$JOF Hedge Fund Activity
We have seen 26 institutional investors add shares of $JOF stock to their portfolio, and 21 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD removed 322,510 shares (-6.6%) from their portfolio in Q3 2024
- SABA CAPITAL MANAGEMENT, L.P. added 302,091 shares (+1584.0%) to their portfolio in Q3 2024
- LAZARD ASSET MANAGEMENT LLC removed 294,115 shares (-11.6%) from their portfolio in Q3 2024
- RELATIVE VALUE PARTNERS GROUP, LLC removed 176,082 shares (-100.0%) from their portfolio in Q2 2024
- KOVITZ INVESTMENT GROUP PARTNERS, LLC added 167,173 shares (+inf%) to their portfolio in Q3 2024
- ALMITAS CAPITAL LLC added 136,624 shares (+37.9%) to their portfolio in Q3 2024
- 1607 CAPITAL PARTNERS, LLC added 75,322 shares (+1.5%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
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 $0.3118 per share payable on December 27, 2024 to shareholders of record on December 19, 2024. The ex-dividend date will be December 19, 2024.
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 |
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