The Board of Nomura Partners Funds Selects Matthews Japan Fund for Fund Merger with The Japan Fund

  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
 
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