Saba Capital Management Reports Acquisition of $701,861.01 in Japan Smaller Capitalization Fund Common Shares

• Saba Capital Management, a 10% owner, purchased 63,769 shares of Japan Smaller Capitalization Fund common stock.
• Purchases comprised 5,083 shares at $11.31 per share.
• A further 58,686 shares were acquired at $10.98 per share.
• Indirect beneficial ownership rose to 2,822,112 shares.

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