Japan Smaller Capitalization Fund
Sponsor: Nomura · Inception Mar 14, 1990 · Pays monthly
Market priceShare price
$12.08
-0.20% ($-0.02)
NAVAsset value per share
$13.81
as of Feb 28, 2026 · SEC filing
Premium / discountPrice vs. assets
12.53% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
9.50%
regular, annualised · on NAV 8.31%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 5:45 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Distribution rates
Regular rate on price
9.50%
$1.1472 annualised ÷ $12.08
Reinvest
10.86%
$1 reinvested buys $1.14 of NAV · rate × NAV ÷ price
Regular rate on NAV
8.31%
÷ NAV $13.81 (Feb 28, 2026)
TTM yield (incl. specials)
8.98%
$1.0851 paid in 12 months ÷ price
TTM yield (ex specials)
8.98%
$1.0851 regular only
SEC yield
Not reported
shown only when the fund reports it
Frequency
Monthly
latest $0.0956 · Regular (inferred)
The regular rate annualises the latest regular payment by its frequency; special distributions are never annualised. A distribution rate is not a portfolio income yield and is not a measure of performance — see composition and NAV history below.
Distribution history
42 payments on record
Most recent 60 payments, by ex-date.
| Declared | Ex-date | Record | Paid | Amount | Frequency | Type | Source |
|---|---|---|---|---|---|---|---|
| Sep 10, 2026 | Dec 15, 2026 | Dec 15, 2026 | Dec 30, 2026 | $0.0956 | Monthly | Regular (inferred) | Market data vendor |
| Sep 10, 2026 | Nov 16, 2026 | Nov 16, 2026 | Nov 30, 2026 | $0.0956 | Monthly | Regular (inferred) | Market data vendor |
| Sep 10, 2026 | Oct 15, 2026 | Oct 15, 2026 | Oct 30, 2026 | $0.0956 | Monthly | Regular (inferred) | Market data vendor |
| May 22, 2026 | Sep 15, 2026 | Sep 15, 2026 | Sep 30, 2026 | $0.0956 | Monthly | Regular (inferred) | Market data vendor |
| May 22, 2026 | Aug 14, 2026 | Aug 14, 2026 | Aug 31, 2026 | $0.0956 | Monthly | Regular (inferred) | Market data vendor |
| May 22, 2026 | Jul 15, 2026 | Jul 15, 2026 | Jul 31, 2026 | $0.0956 | Monthly | Regular (inferred) | Market data vendor |
| Mar 10, 2026 | Jun 15, 2026 | Jun 15, 2026 | Jun 30, 2026 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Mar 10, 2026 | May 15, 2026 | May 15, 2026 | May 29, 2026 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Mar 10, 2026 | Apr 15, 2026 | Apr 15, 2026 | Apr 30, 2026 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Nov 21, 2025 | Mar 16, 2026 | Mar 16, 2026 | Mar 31, 2026 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Nov 21, 2025 | Feb 13, 2026 | Feb 13, 2026 | Feb 27, 2026 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Nov 21, 2025 | Jan 15, 2026 | Jan 15, 2026 | Jan 30, 2026 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Sep 12, 2025 | Dec 15, 2025 | Dec 15, 2025 | Dec 31, 2025 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Sep 12, 2025 | Nov 14, 2025 | Nov 14, 2025 | Nov 28, 2025 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Sep 12, 2025 | Oct 15, 2025 | Oct 15, 2025 | Oct 31, 2025 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Jun 6, 2025 | Sep 15, 2025 | Sep 15, 2025 | Sep 30, 2025 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Jun 6, 2025 | Aug 15, 2025 | Aug 15, 2025 | Aug 29, 2025 | $0.0887 | Monthly | Regular (inferred) | Market data vendor |
| Jun 6, 2025 | Jul 15, 2025 | Jul 15, 2025 | Jul 31, 2025 | $0.0887 | Semi-annual | Regular (inferred) | Market data vendor |
| Dec 9, 2024 | Dec 19, 2024 | Dec 19, 2024 | Dec 27, 2024 | $0.3118 | Annual | Special (inferred) | Market data vendor |
| Dec 8, 2023 | Dec 18, 2023 | Dec 19, 2023 | Dec 27, 2023 | $0.2655 | Annual | Regular (inferred) | Market data vendor |
| Dec 9, 2022 | Dec 19, 2022 | Dec 20, 2022 | Dec 28, 2022 | $0.0461 | Annual | Regular (inferred) | Market data vendor |
| Dec 8, 2021 | Dec 16, 2021 | Dec 17, 2021 | Dec 28, 2021 | $0.6060 | Annual | Special (inferred) | Market data vendor |
| Dec 7, 2020 | Dec 17, 2020 | Dec 18, 2020 | Dec 28, 2020 | $0.3440 | Annual | Regular (inferred) | Market data vendor |
| Dec 6, 2019 | Dec 17, 2019 | Dec 18, 2019 | Dec 27, 2019 | $0.8685 | Annual | Regular (inferred) | Market data vendor |
| Dec 7, 2018 | Dec 14, 2018 | Dec 17, 2018 | Dec 27, 2018 | $1.4044 | Annual | Special (inferred) | Market data vendor |
| Dec 6, 2017 | Dec 14, 2017 | Dec 15, 2017 | Dec 21, 2017 | $1.8765 | Annual | Special (inferred) | Market data vendor |
| Dec 8, 2016 | Dec 15, 2016 | Dec 19, 2016 | Dec 23, 2016 | $0.9361 | Annual | Regular (inferred) | Market data vendor |
| Dec 9, 2015 | Dec 17, 2015 | Dec 21, 2015 | Dec 28, 2015 | $0.8775 | Annual | Regular (inferred) | Market data vendor |
| Dec 11, 2014 | Dec 18, 2014 | Dec 22, 2014 | Dec 29, 2014 | $0.1325 | Annual | Regular (inferred) | Market data vendor |
| Dec 13, 2013 | Dec 19, 2013 | Dec 23, 2013 | Dec 30, 2013 | $0.1990 | Annual | Special (inferred) | Market data vendor |
| Nov 19, 2012 | Nov 27, 2012 | Nov 29, 2012 | Dec 6, 2012 | $0.0810 | Annual | Regular (inferred) | Market data vendor |
| Dec 12, 2011 | Dec 20, 2011 | Dec 22, 2011 | Dec 29, 2011 | $0.0355 | Annual | Regular (inferred) | Market data vendor |
| Dec 16, 2010 | Dec 21, 2010 | Dec 23, 2010 | Dec 30, 2010 | $0.0796 | Annual | Regular (inferred) | Market data vendor |
| Dec 17, 2009 | Dec 21, 2009 | Dec 23, 2009 | Dec 29, 2009 | $0.0532 | Annual | Regular (inferred) | Market data vendor |
| Dec 17, 2008 | Dec 18, 2008 | Dec 22, 2008 | Dec 29, 2008 | $0.1140 | Annual | Regular (inferred) | Market data vendor |
| Dec 15, 2006 | Dec 20, 2006 | Dec 22, 2006 | Dec 29, 2006 | $0.8114 | Semi-annual | Special (inferred) | Market data vendor |
| Nov 13, 2001 | Dec 5, 2001 | Dec 7, 2001 | Dec 14, 2001 | $0.0800 | Annual | Regular (inferred) | Market data vendor |
| Nov 30, 2000 | Dec 6, 2000 | Dec 8, 2000 | Dec 15, 2000 | $0.8200 | Annual | Special (inferred) | Market data vendor |
| — | Nov 19, 1999 | — | — | $0.0070 | Annual | Regular (inferred) | Market data vendor |
| Nov 10, 1998 | Nov 19, 1998 | Nov 23, 1998 | Dec 21, 1998 | $0.0050 | Annual | Regular (inferred) | Market data vendor |
| Nov 11, 1997 | Nov 20, 1997 | Nov 24, 1997 | Dec 22, 1997 | $0.0800 | Annual | Regular (inferred) | Market data vendor |
| — | Dec 10, 1991 | Dec 16, 1991 | Dec 30, 1991 | $0.1700 | Monthly | Special (inferred) | Market data vendor |
“Inferred” types are assigned by our rule (off-cycle or year-end payments that deviate by more than 50% from neighbouring amounts); sponsor-confirmed classifications override them where available.
Annual totals
| Year | Regular | Special | Total | Payments |
|---|---|---|---|---|
| 2026 | $1.1058 | — | $1.1058 | 12 |
| 2025 | $0.5322 | — | $0.5322 | 6 |
| 2024 | $0.0000 | $0.3118 | $0.3118 | 1 |
| 2023 | $0.2655 | — | $0.2655 | 1 |
| 2022 | $0.0461 | — | $0.0461 | 1 |
| 2021 | $0.0000 | $0.6060 | $0.6060 | 1 |
| 2020 | $0.3440 | — | $0.3440 | 1 |
| 2019 | $0.8685 | — | $0.8685 | 1 |
| 2018 | $0.0000 | $1.4044 | $1.4044 | 1 |
| 2017 | $0.0000 | $1.8765 | $1.8765 | 1 |
| 2016 | $0.9361 | — | $0.9361 | 1 |
| 2015 | $0.8775 | — | $0.8775 | 1 |
Increases, reductions and specials
| Ex-date | Event | From | To | Change |
|---|---|---|---|---|
| Jul 15, 2026 | Increase | $0.0887 | $0.0956 | +7.78% |
| Jul 15, 2025 | Reduction | $0.2655 | $0.0887 | -66.59% |
| Dec 19, 2024 | Special distribution | — | $0.3118 | — |
| Dec 18, 2023 | Increase | $0.0461 | $0.2655 | +475.92% |
| Dec 19, 2022 | Reduction | $0.3440 | $0.0461 | -86.60% |
| Dec 16, 2021 | Special distribution | — | $0.6060 | — |
| Dec 17, 2020 | Reduction | $0.8685 | $0.3440 | -60.39% |
| Dec 17, 2019 | Reduction | $0.9361 | $0.8685 | -7.22% |
| Dec 14, 2018 | Special distribution | — | $1.4044 | — |
| Dec 14, 2017 | Special distribution | — | $1.8765 | — |
| Dec 15, 2016 | Increase | $0.8775 | $0.9361 | +6.68% |
| Dec 17, 2015 | Increase | $0.1325 | $0.8775 | +562.26% |
| Dec 18, 2014 | Increase | $0.0810 | $0.1325 | +63.54% |
| Dec 19, 2013 | Special distribution | — | $0.1990 | — |
| Nov 27, 2012 | Increase | $0.0355 | $0.0810 | +128.23% |
| Dec 20, 2011 | Reduction | $0.0796 | $0.0355 | -55.40% |
| Dec 21, 2010 | Increase | $0.0532 | $0.0796 | +49.62% |
| Dec 21, 2009 | Reduction | $0.1140 | $0.0532 | -53.33% |
| Dec 18, 2008 | Increase | $0.0800 | $0.1140 | +42.50% |
| Dec 20, 2006 | Special distribution | — | $0.8114 | — |
| Dec 5, 2001 | Increase | $0.0070 | $0.0800 | +1,042.86% |
| Dec 6, 2000 | Special distribution | — | $0.8200 | — |
| Nov 19, 1999 | Increase | $0.0050 | $0.0070 | +40.00% |
| Nov 19, 1998 | Reduction | $0.0800 | $0.0050 | -93.75% |
| Dec 10, 1991 | Special distribution | — | $0.1700 | — |
Distribution composition
Not reported here yet. Section 19(a) notices and annual tax characterisations are published by the sponsor and are not carried by our current data feeds. Use the sponsor's distribution notices (see the Documents tab and sponsor website) for the estimated and final breakdown between income, capital gains and return of capital. A return-of-capital component is not automatically destructive; judge it against NAV history over time.
Accounting classification (what the fund earned) and tax classification (what the shareholder reports) differ. A 19(a) estimate is preliminary and is superseded by the year-end tax form.
CEF Explorer research page for Japan Smaller Capitalization Fund Inc. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.