1607 Capital Partners, LLC reports beneficial ownership of common stock of Japan Smaller Capitalization Fund, Inc. in Amendment No. 17 to its Schedule 13G. As of June 30, 2026, 1607 Capital Partners beneficially owned 2,724,109 shares of common stock.
This position represents 9.61% of the outstanding class. The firm has sole voting power and sole dispositive power over all 2,724,109 shares, with no shared voting or dispositive power reported.
Japan Smaller Capitalization Fund Inc. reported that Robert A. Devault serves as Treasurer and is an officer of the company.
This initial insider statement lists no equity transactions or holdings for him in the fund’s securities, and he is not identified as a 10% beneficial owner.
Allspring Global Investments Holdings, LLC reports significant ownership in Japan Smaller Capitalization Fund, holding 4,483,067 Mutual Fund COM shares, representing 15.8% of the class. Allspring has sole voting power over 4,021,152 shares and sole dispositive power over all 4,483,067 shares, with no shared voting or dispositive power.
The shares are owned of record by clients of investment advisers listed in Exhibit A, which are directly or indirectly owned by Allspring. Those clients are entitled to dividends and sale proceeds, and no individual client is known to hold more than five percent of the class.
City of London Investment Management Company Limited, an investment adviser specializing in closed-end funds, reports beneficial ownership of 3,894,571 shares of Japan Smaller Capitalization Fund Inc common stock. This represents 13.7% of the outstanding class.
The shares are owned directly by several City of London-managed funds (CARDINAL, FALCON, MACAW, PHOENIX) and unaffiliated segregated accounts over which City of London Investment Management exercises discretionary voting and investment authority. The firm reports sole voting and sole dispositive power over all 3,894,571 shares, with no shared voting or dispositive power.
Japan Smaller Capitalization Fund, Inc. completed an issuer tender offer to repurchase up to 10% of its outstanding common shares. Stockholders wishing to participate were required to tender by 5:00 p.m. on July 1, 2026.
The Fund accepted 2,833,389 shares, representing 10% of its outstanding shares, for payment on or about July 10, 2026. A total of 22,006,123 shares were properly tendered, so tenders were accepted on a prorated basis, with approximately 12.87958% of each stockholder’s tendered shares purchased. The purchase price was set at 98% of net asset value per share as of the close of regular NYSE trading on July 2, 2026, equal to $12.7792 per share.
1607 Capital Partners, LLC reports beneficial ownership of 3,584,600 shares of Japan Smaller Capitalization Fund, Inc. The Schedule 13G/A amendment states the position represents 12.65% of the issuer's common stock as of 03/31/2026. The filing lists sole voting and dispositive power over the shares and is signed by Kevin Rutherford, Chief Compliance Officer, dated 05/15/2026.
Japan Smaller Capitalization Fund, Inc. reports strong fiscal-year performance for the period ended February 28, 2026, with NAV per share rising 55.8% and the market price up 66.9%. Net assets totaled $391,326,471 and NAV per share was $13.81. The Fund outperformed its Russell/Nomura Small Cap™ Benchmark by 7.8% on a NAV basis for the year. The Board completed a review covering July 1, 2025–March 31, 2026 and determined the Fund met a conditional tender offer trigger (average discount 10.5% v. 9% threshold) and expects to proceed with a tender offer for 10% of outstanding shares; final terms and timing remain at the Board’s discretion.
The Fund transitioned to monthly distributions and paid total ordinary income distributions of $20,105,730 (aggregate $0.7096 per share) during the year; the Board also approved a Level Distribution Plan at an annualized 10% of NAV as of May 31, 2025.