SOURCE: Japan Equity Fund

December 11, 2009 17:00 ET

Japan Equity Fund Announces Annual Distribution for 2009

JERSEY CITY, NJ--(Marketwire - December 11, 2009) - The Japan Equity Fund, Inc. (NYSE: JEQ), a closed-end management investment company, today announced a dividend to the Fund's shareholders of U.S. $0.038 per share. This dividend will be paid in cash from ordinary income.

Shareholders who participate in the Fund's Dividend Reinvestment and Cash Purchase Plan will receive an equivalent dividend amount in shares of the Fund.

The dividend will be payable on December 30, 2009 to the shareholders of record at the close of business on December 22, 2009. The ex-dividend date will be December 18, 2009.

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