Notice2026-04656

Japan Smaller Capitalization Fund, Inc. and Nomura Asset Management U.S.A. Inc.

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published
March 10, 2026

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 91 Issue 46 (Tuesday, March 10, 2026)</title>
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[Federal Register Volume 91, Number 46 (Tuesday, March 10, 2026)]
[Notices]
[Pages 11579-11580]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-04656]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 36002; 812-15948]


Japan Smaller Capitalization Fund, Inc. and Nomura Asset 
Management U.S.A. Inc.

March 6, 2026.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of an application under section 6(c) of the Investment 
Company Act of 1940 (the ``Act'') for an exemption from section 19(b) 
of the Act and rule 19b-1 under the Act to permit registered closed-end 
investment companies to make periodic distributions of long-term 
capital gains more frequently than permitted by section 19(b) or rule 
19b-1.

Summary of Application: Applicants request an order to permit certain 
registered closed-end management investment companies to pay as 
frequently as twelve times in any one taxable year in respect of its 
common stock and as often as specified by, or determined in accordance 
with the terms of, any preferred stock issued by the investment company 
subject to the terms and conditions stated in the application.

Applicants: Japan Smaller Capitalization Fund, Inc. and Nomura Asset 
Management U.S.A. Inc.

Filing Dates: The application was filed on December 4, 2025, and 
amended on December 17, 2025 and February 23, 2026.

Hearing or Notification of Hearing: An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#6d3e080e1f08190c1f141e40220b0b040e082d1e080e430a021b"><span class="__cf_email__" data-cfemail="cb98aea8b9aebfaab9b2b8e684adada2a8ae8bb8aea8e5aca4bd">[email&#160;protected]</span></a> and serving the 
Applicants with a copy of the request by email, if an email address is

[[Page 11580]]

listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below. The email 
should include the file number referenced above. Hearing requests 
should be received by the Commission by 5:30 p.m. Eastern time on March 
31, 2026, and should be accompanied by proof of service on the 
Applicants, in the form of an affidavit, or, for lawyers, a certificate 
of service. Pursuant to rule 0-5 under the Act, hearing requests should 
state the nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by emailing the Commission's Secretary.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#efbc8a8c9d8a9b8e9d969cc2a08989868c8aaf9c8a8cc1888099"><span class="__cf_email__" data-cfemail="0b586e68796e7f6a79727826446d6d62686e4b786e68256c647d">[email&#160;protected]</span></a>. Applicants: 
Nathan J. Greene, Sidley Austin LLP, <a href="/cdn-cgi/l/email-protection#8fe1e8fdeaeae1eacffce6ebe3eaf6a1ece0e2"><span class="__cf_email__" data-cfemail="761811041313181336051f121a130f5815191b">[email&#160;protected]</span></a>, with a copy to 
Neil Daniele, C/O Japan Smaller Capitalization Fund, Inc., Worldwide 
Plaza, 309 West 49th Street, New York, NY 10019.

FOR FURTHER INFORMATION CONTACT: Rachel Loko, Senior Special Counsel, 
at (202) 551-6825 (Division of Investment Management, Chief Counsel's 
Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' amended 
application, dated February 23, 2026, which may be obtained via the 
Commission's website by searching for the file number at the top of 
this document, or for an Applicant using the Company name search field 
on the SEC's EDGAR system. The SEC's EDGAR system may be searched at 
<a href="https://www.sec.gov/search-filings">https://www.sec.gov/search-filings</a>. You may also call the SEC's Office 
of Investor Education and Advocacy at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-04656 Filed 3-9-26; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on March 10, 2026.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.