Unanimous Written Consent in Lieu of Meeting of the Board of Directors
Japan Smaller Capitalization Fund, Inc.
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 12/09/15 -- The undersigned, constituting all of the Directors of Japan Smaller Capitalization Fund, Inc. (NYSE: JOF) (the "Fund"), do hereby consent, pursuant to the provisions of Article III, Section 13 of the Amended and Restated By-Laws of the Corporation, to the adoption of the following resolutions, and that such action be taken without a meeting of the Board of Directors.
DECLARATION OF DIVIDEND
WHEREAS, the Board of Directors has received information regarding the financial condition of the Fund,
NOW THEREFORE BE IT RESOLVED, that there be, and there hereby is declared an ordinary income distribution of $0.1669 per share of common stock, a long-term capital gains distribution of $0.5677 per share of common stock, and a short-term capital gains distribution of $0.1429 per share of common stock, payable on December 28, 2015 to holders of record of the common stock of the Fund on December 21, 2015 (the "Distribution"); and be it further
RESOLVED, that the foregoing Distribution is payable in cash or in shares of common stock of the Fund pursuant to the terms of the Dividend Reinvestment Plan (the "Plan") of the Fund; and be it further
RESOLVED, that the proper officers of the Fund be, and they hereby are, authorized and directed to cause to be issued in lieu of cash payments to holders of common stock of the Fund who are participants ("Participants") in the Plan, and to deliver to Computershare Trust Company, N.A., as plan agent (the "Plan Agent") under the Plan, on the payment date specified above, an amount per share in cash equal of the aggregate amount of the Distribution that the Plan Agent may acquire shares of common stock of the Fund in accordance with the terms of the Plan; and be it further
RESOLVED, that to the extent the Fund issues newly-issued shares of common stock to the Plan Agent for the account of Participants in the Plan in accordance with the terms of the Plan, said shares shall constitute fully paid and non-assessable shares of common stock of the Fund; and be it further
RESOLVED, that the proper officers of the Fund be, and they hereby are, authorized and directed to take any and all actions as may be necessary or appropriate to effect the payment of such Distribution.
IN WITNESS WHEREOF, the undersigned have each executed this consent as of the ___ day of December, 2015.
___________________________
Rodney A. Buck
___________________________
David B. Chemidlin
___________________________
Yutaka Itabashi
___________________________
E. Han Kim
___________________________
Marcia L. MacHarg
Contact:
Neil A. Daniele
Nomura Asset Management U.S.A. Inc.
Worldwide Plaza
309 West 49th Street, 28th Floor
New York, NY 10019
(212) 667-1873
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Datum: 09.12.2015 - 15:39 Uhr
Sprache: Deutsch
News-ID 1403534
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