Press Releases


Matthews Japan Fund Merger with the Japan Fund of Nomura Partners Funds, Inc. To Close on October 20, 2014


SAN FRANCISCO, OCTOBER 07, 2014—Matthews International Capital Management, LLC (“Matthews Asia”) today announced that Nomura Partners Funds, Inc. shareholders approved a charter amendment  that will permit the tax-free merger of The Japan Fund into the Matthews Japan Fund. The boards of directors of both funds had previously approved the merger. The closing is scheduled for October 20, 2014.
 
At the closing 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), at which time The Japan Fund shareholders will become shareholders of the Matthews Japan Fund, and The Japan Fund will thereafter be liquidated.
 
William Hackett, Chief Executive Officer, commented: “We are delighted to receive approval by both the Shareholders and the Board of Directors of Nomura Partners Funds, Inc., which will permit the tax-free merger of the Nomura Japan Fund into the Matthews Japan Fund. We look forward to welcoming the Nomura Japan Fund shareholders to Matthews Asia.”


Notes to Editors

Matthews Asia is a specialist investment manager located in San Francisco. With US$28.0 billion in assets under management as of August 31, 2014, the firm focuses on investing solely in Asia. It currently manages the Matthews Japan Fund, an open-end Japanese equity mutual fund incorporated in the U.S. With a 15-year track record, it follows a similar investment objective to the Nomura Japan Fund which is to generate long-term capital appreciation through investment of at least 80% of its assets in securities of Japanese issuers. The Matthews Japan Fund had assets of US$570 million as of August 31, 2014.
 
Media Contact: 
Kanter and Co.
Victoria Odinotska
+1 703 534 3735
 
About Matthews

At Matthews, we believe in the long-term growth of Asia. Since 1991, we have focused our efforts and expertise within the region, investing through a variety of market environments. As an independent, privately owned firm, Matthews is the largest dedicated Asia-only investment specialist in the United States. With US$28.0 billion in assets under management as of August 31, 2014, Matthews employs a bottom-up, fundamental investment philosophy, with a focus on long-term investment performance. 
 
Disclosure
This announcement is for informational purposes only and does not, in any way, constitute investment advice or an offer to sell or a solicitation of an offer to buy any security or product mentioned herein. An investment in the Matthews Asia Funds is not available to investors in any jurisdiction in which such an offer or solicitation is not lawful. No representation is given that shares, products or services mentioned herein are suitable for any particular investor.