Saba Capital Management and related parties report a significant stake in Japan Smaller Capitalization Fund, Inc. They beneficially own 1,906,742 common shares, representing 6.73% of the fund’s outstanding common stock based on 28,333,893 shares outstanding as of 9/26/25.
This Amendment No. 7 to Schedule 13D is a joint filing by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. The shares were acquired for investment using investor subscription proceeds, related capital appreciation, and ordinary-course margin account borrowings, with approximately $15,579,583 paid to acquire the reported position.
JAPAN SMALLER CAPITALIZATION FUND INC insider Shoichi Ohkoshi, described as CEO to the adviser of JOF, filed an initial ownership report on Form 3. The filing identifies him as a reporting person associated with the fund’s adviser but does not show any insider transactions in this submission.
Saba Capital Management and related entities report a 5.6% beneficial stake in Japan Smaller Capitalization Fund, Inc. on an amended Schedule 13D. The group reports beneficial ownership of 1,585,313 common shares, based on 28,333,893 shares outstanding as of 9/26/25 as disclosed in a prior proxy statement.
The filing, labeled Amendment No. 6, is jointly made by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. They state that about $12,953,255 was paid in total to acquire the shares, funded by investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings.
The shares were acquired through open-market transactions between the prior amendment filed on 1/22/26 and 2/13/26, the date triggering this amendment. The reporting persons indicate no specific current purpose for the transaction in the purpose-of-transaction section and note that Saba-advised funds and accounts receive dividends and sale proceeds from these shares.
Saba Capital Management and related reporting persons filed Amendment No. 5 to their Schedule 13D for Japan Smaller Capitalization Fund, Inc. (JOF), updating their ownership disclosure. The group reports beneficial ownership of 1,398,051 common shares, representing 4.93% of the fund’s common stock, based on 28,333,893 shares outstanding as of 9/26/25 as disclosed in the company’s DEF 14A. The filing states that approximately $11,423,177 was paid in total to acquire these shares, using investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings. Recent open-market transactions between 1/15/26 and 1/20/26 are referenced in Schedule A, and the purpose-of-transaction and contracts/arrangements items are marked not applicable.
Saba Capital Management and affiliates filed an amended Schedule 13D reporting a significant position in Japan Smaller Capitalization Fund, Inc. They report beneficial ownership of 1,459,643 common shares, representing 5.15% of the outstanding common stock, based on 28,333,893 shares outstanding as of 9/26/25. All voting and dispositive power over these shares is shared among the reporting persons, with no sole voting or dispositive authority.
The filing states that approximately $11,926,432 was paid to acquire the reported shares. Funds came from investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings. The reporting persons describe their principal businesses as investment management and related general partner activities, and they list recent open-market transactions in a separate Schedule A referenced in the amendment.
Japan Smaller Capitalization Fund Inc. director Tina Jones reported buying common stock of the fund. On 12/22/2025, she purchased 950 shares of common stock at a price of $10.8003 per share in a transaction coded “P,” indicating a purchase. Following this transaction, she beneficially owns 950 shares, held in direct ownership. The filing covers activity by one reporting person and does not show any derivative securities transactions.
Lazard Asset Management LLC has filed a Schedule 13G reporting a passive ownership stake in Japan Smaller Capitalization Fund Inc. Lazard reports beneficial ownership of 3,480,024 shares of the fund’s equity, representing 12.3% of the outstanding class. Lazard has sole voting and sole dispositive power over all of these shares, with no shared voting or dispositive authority.
The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the fund. This positions Lazard as a significant but passive institutional investor in Japan Smaller Capitalization Fund Inc.
Japan Smaller Capitalization Fund Inc. (JOF) reported an initial ownership filing for a director as of 11/13/2025. The Form 3 indicates that the reporting person serves as a director of the fund and has filed individually, not as part of a group. The filing states in the explanation of responses that no securities are beneficially owned, meaning the director reports no direct or indirect holdings of JOF shares or derivative securities at this time.
City of London Investment Management Company Limited filed Amendment No. 6 to a Schedule 13G reporting a passive stake in Japan Smaller Capitalization Fund Inc. (JOF). The firm reported beneficial ownership of 3,520,068 shares of common stock, representing 12.4% of the class as of the event date.
City of London reported sole voting and dispositive power over the same 3,520,068 shares and certified the securities were acquired and are held in the ordinary course of business, not to influence control. The event date was 09/30/2025.
Saba Capital Management, together with Saba Capital Management GP, LLC and Boaz R. Weinstein, filed Amendment No. 3 to Schedule 13D on Japan Smaller Capitalization Fund, Inc. (JOF), reporting beneficial ownership of 1,775,557 common shares, or 6.27% of the class as of the event date 11/06/2025. The group holds shared voting and dispositive power over all reported shares and no sole power.
The stake size is calculated against 28,333,893 shares outstanding as of 9/26/25, as disclosed in the company’s DEF 14A. Saba states it paid approximately $14,507,698 to acquire the reported shares, using investor subscription proceeds, related capital appreciation, and ordinary-course margin account borrowings. Recent open‑market transactions within the prior sixty days are listed in Schedule A.