The Board of Nomura Partners Funds Selects Matthews Japan Fund for Fund Merger with The Japan Fund Business Wire NEW YORK -- April 1, 2014 The Board of Directors of Nomura Partners Funds, Inc., (the “Board”) announced today that it has approved the merger of The Japan Fund, one of a series of Nomura Partners Funds, Inc., into the Matthews Japan Fund. Regarded as Nomura Partners Funds, Inc.’s flagship fund, The Japan Fund has been investing in Japanese equities since 1962, and is the oldest open-ended Japanese equity fund incorporated in the U.S. As a result of Nomura Asset Management U.S.A. Inc.’s decision to exit the U.S. open-end mutual fund business the Board retained an independent consultant and considered a number of alternatives, including liquidation, and other possible reorganization candidates. In making its decision to entrust Mathews International Capital Management, LLC (“Matthews Asia”) with The Japan Fund’s shareholders’ assets the Board considered many factors including the reputation, financial strength, resources and capabilities of Matthews Asia. Subject to and following the approval of a charter amendment by the Nomura Partners Funds, Inc. shareholders, Nomura Partners Funds, Inc. will transfer all of the assets and specified liabilities of The Japan Fund (NPJAX, NPJCX, NPJIX, SJPNX) to the Matthews Japan Fund (MJFOX, MIJFX). In the interim, The Japan Fund remains closed to all purchases and exchanges. The transfer of assets to the Matthews Japan Fund is expected to occur later this year. At that time The Japan Fund shareholders will become shareholders of the Matthews Japan Fund and The Japan Fund will be dissolved. About Nomura Partners Funds, Inc. Founded over 40 years ago, The Japan Fund is the United States oldest Japanese equity fund. Now a series of Nomura Partners Funds, Inc., it is one of a two fund series with a high yield fund. The Board of Directors is comprised of experienced and distinguished business leaders who bring extensive experience to the Funds’ oversight and governance. Contact: Davis Polk & Wardwell LLP Nora M. Jordan, 212-450-4684 Nora.Jordan@DavisPolk.com
The Board of Nomura Partners Funds Selects Matthews Japan Fund for Fund Merger with The Japan Fund
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