Japan Smaller Capitalization Fund owns shares of smaller Japanese companies for capital growth. Local business conditions, the yen and the ability to trade smaller stocks matter more to its result than a steady income stream.
Business
Equity distribution funds
Listing
JOF · XNYS
Reporting period
2026-02-28
Dividend schedule
Monthly
How the business works
Company dividends after expenses become net investment income. Realized gains, losses and changing Japanese share values affect the wider return and net asset value separately.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.10
Sep 1, 2025 to Feb 28, 2026
$0.00$0.10
Distribution yield9.13%Sourced distributions divided by dated market priceTrailing 12-month income yieldNot availableAvailable income covers Sep 1, 2025 to Feb 28, 2026, less than or different from 12 months. It has not been annualized.Annual dividend$1.15Current regular payment annualized per shareDistribution supportSee period evidenceCash distributions, NAV and reported returns are shown separately; no earnings-coverage ratio is assigned.
Verified dividend dates and payment components
Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.
The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.
Reviewed USD market closes or SEC-reported prices matched to NAV dates. A different price date or split adjustment is shown in the label.
Cash distributions and reported returns
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Distribution and NAV evidence
Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable.
Fund net investment income per common share; actual reporting period, not annualized$0.1000
$0.00$0.10
For the six months ended February 28, 2026, JOF reported $0.10 of net investment income and $0.71 of distributions per share. Net asset value rose from $9.46 to $13.81. The cash was not explained by ordinary income alone; the strong stock result and payment components give the necessary context.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
Japan Smaller Capitalization Fund, Inc. reported $0.1000 per share for 2025-09-01 through 2026-02-28, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in equity distribution investments can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
At the next like-length report, compare Japanese stock and currency results with income, cash paid, payment components and net asset value.
Net asset value (NAV)
NAV per share$14.3300Sep 29, 2026Market price$12.4900Sep 29, 2026PREMIUM / DISCOUNT TO NAV12.84% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
This issuer information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Total ordinary dividends
100%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
0%
Tax year: 2025.
Tax details and source
Total ordinary dividends (includes qualified)
100%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
