Japan Smaller Capitalization Fund buys 2,833,389 shares in tender offer at $12.78 each

Japan Smaller Capitalization Fund accepted 2,833,389 shares in a tender offer for up to 10% of outstanding stock.

• The offer was oversubscribed, with 22,006,123 shares tendered.
• Proration was set at 12.88% of tendered shares accepted.
• The purchase price was $12.78 per share, equal to 98% of NAV as of July 2, 2026.
• Payment is expected on or about July 10, 2026.
• The offer expired July 1, 2026.