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   <title>Form  SC TO-I    JAPAN SMALLER CAPITALIZA               Filed by: JAPAN SMALLER CAPITALIZATION FUND INC</title>
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   <title>Form  SC TO-I    JAPAN SMALLER CAPITALIZA               Filed by: JAPAN SMALLER CAPITALIZATION FUND INC</title>
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   <title>Form  SC TO-C    JAPAN SMALLER CAPITALIZA               Filed by: JAPAN SMALLER CAPITALIZATION FUND INC</title>
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   <title>Form  SC TO-C    JAPAN SMALLER CAPITALIZA               Filed by: JAPAN SMALLER CAPITALIZATION FUND INC</title>
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   <title>Japan Smaller Capitalization Fund, Inc. Announces Commencement of Tender Offer and Re-Leveling of Level Distribution Plan</title>
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&lt;p align=&quot;justify&quot;&gt;NEW YORK, May  22, 2026  (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)’s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m. on July 1,</description>
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   <title>Japan Smaller Capitalization Fund, Inc. Announces Commencement of Tender Offer and Re-Leveling of Level Distribution Plan</title>
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&lt;p align=&quot;justify&quot;&gt;NEW YORK, May  22, 2026  (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)’s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m. on July 1,</description>
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   <title>Japan Smaller Capitalization Fund, Inc. Announces Commencement of Tender Offer and Re-Leveling of Level Distribution Plan</title>
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&lt;p align=&quot;justify&quot;&gt;NEW YORK, May  22, 2026  (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)’s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m. on July 1,</description>
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&lt;p align=&quot;justify&quot;&gt;NEW YORK, May  22, 2026  (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)’s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m. on July 1,</description>
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   <title>Japan Smaller Capitalization Fund, Inc. Announces Commencement of Tender Offer and Re-Leveling of Level Distribution Plan</title>
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&lt;p align=&quot;justify&quot;&gt;NEW YORK, May  22, 2026  (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)’s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m. on July 1,</description>
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&lt;p align=&quot;justify&quot;&gt;NEW YORK, May  22, 2026  (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)’s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m. on July 1,</description>
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&lt;p align=&quot;justify&quot;&gt;NEW YORK, May  22, 2026  (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)’s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m. on July 1,</description>
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&lt;p align=&quot;justify&quot;&gt;NEW YORK, May  22, 2026  (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)’s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m. on July 1,</description>
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&lt;p align=&quot;justify&quot;&gt;NEW YORK, May  22, 2026  (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)’s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m. on July 1,</description>
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   <title>Japan Smaller Capitalization Fund, Inc. Announces Commencement of Tender Offer and Re-Leveling of Level Distribution Plan</title>
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&lt;p align=&quot;justify&quot;&gt;NEW YORK, May  22, 2026  (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)’s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m. on July 1,</description>
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