City of London Investment Management (NYSE: JOF) discloses 13.7% beneficial stake

Rhea-AI Filing Summary

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.

Key Figures

Beneficially owned shares: 3,894,571 shares Percent of class: 13.7% Sole voting power: 3,894,571 shares +4 more

7 metrics

Beneficially owned shares 3,894,571 shares Amount of Japan Smaller Capitalization Fund Inc common stock beneficially owned by City of London Investment Management

Percent of class 13.7% Percentage of JOF common stock class beneficially owned

Sole voting power 3,894,571 shares Shares over which City of London Investment Management has sole power to vote or direct the vote

Shared voting power 0 shares Shares over which shared voting power is reported

Sole dispositive power 3,894,571 shares Shares over which City of London Investment Management has sole power to dispose or direct disposition

Shared dispositive power 0 shares Shares over which shared dispositive power is reported

Amendment number Amendment No. 7 Amendment sequence of the Schedule 13G filing

Key Terms

beneficial ownership, sole dispositive power, segregated accounts, investment advisory services, +2 more

6 terms

beneficial ownership financial

"Item 4. | Ownership (a) | Amount beneficially owned: 3,894,571.00"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

sole dispositive power financial

"| (iii) Sole power to dispose or to direct the disposition of: 3,894,571.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

segregated accounts financial

"and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting"

investment advisory services financial

"CLIM is principally engaged in the business of providing investment advisory services"

Professional guidance and ongoing management of an individual’s or institution’s investments, where an advisor recommends strategies, selects securities or funds, and monitors portfolios on behalf of a client. Think of it as hiring a financial coach and navigator who designs a plan based on your goals and risk tolerance, which matters to investors because it can improve returns, reduce unwanted risks, and ensure decisions match long‑term objectives and legal obligations.

registered investment adviser regulatory

"and is a registered investment adviser under Section 203 of the Investment Advisers Act"

A registered investment adviser (RIA) is a firm or individual legally registered with regulators to give personalized investment advice and manage clients' money, with a duty to put clients’ interests ahead of their own. Think of an RIA as a licensed financial guide who must disclose fees, conflicts and how they are paid; that transparency and legal duty matter to investors because it reduces the risk of hidden costs or biased recommendations.

dispositive power financial

"Sole Dispositive Power 3,894,571.00 6 | Shared Dispositive Power 0.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/24/2026 - 04:03 PM Accepted by SEC EDGAR 07/24/2026 - 04:02 PM Learn about SEC filing dates

FAQ

What percentage of Japan Smaller Capitalization Fund Inc (JOF) does City of London Investment Management report owning?

City of London Investment Management reports beneficial ownership of 13.7% of JOF’s common stock, representing 3,894,571 shares over which it has sole voting and dispositive power.

How many JOF shares does City of London Investment Management beneficially own?

City of London Investment Management reports beneficial ownership of 3,894,571 shares of Japan Smaller Capitalization Fund Inc common stock, equal to 13.7% of the class, with sole voting and sole dispositive power over these shares.

Who is the reporting person in this Schedule 13G/A for JOF?

The reporting person is City of London Investment Management Company Limited, a fund manager and registered investment adviser that specializes in closed-end investment companies and advises several City of London-branded funds and segregated accounts.

Does City of London Investment Management share voting power over its JOF holdings?

No. City of London Investment Management reports sole voting power over 3,894,571 shares of JOF and 0 shared voting power, indicating exclusive authority to vote those shares.

Who directly owns the JOF shares managed by City of London Investment Management?

The JOF shares are owned directly by the City of London Funds (CARDINAL, FALCON, MACAW, PHOENIX) and Segregated Accounts, while City of London Investment Management exercises discretionary voting and investment authority over these holdings.

What type of power does City of London Investment Management have over the JOF shares?

City of London Investment Management reports sole dispositive power over 3,894,571 shares of JOF and no shared dispositive power, meaning it alone directs how those shares may be disposed of.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

Japan Smaller Capitalization Fund Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

47109U104

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 47109U104

1

Names of Reporting Persons

City of London Investment Management Company Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,894,571.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,894,571.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,894,571.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Japan Smaller Capitalization Fund Inc
(b)	Address of issuer's principal executive offices: Worldwide Plaza, 309 West 49th Street, New York, NY 10019
Item 2.
(a)	Name of person filing: This statement is being filed by City of London Investment Management Company Limited ("CLIM" or the "Reporting Person"). CLIM is a fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. CLIM is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between CLIM and CLIG such that voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between CLIM and CLIG. CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including CA International Equity CEF Fund ("CARDINAL"), a private investment fund organized as a Delaware business trust, All World Ex US Equity CEF Fund ("FALCON"), a private investment fund organized as a Delaware business trust, CA All-World Ex US Equity CEF Fund ("MACAW"), a private investment fund organized as a Delaware business trust, International Equity CEF Fund ("PHOENIX") and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority (the "Segregated Accounts"). CARDINAL, FALCON, MACAW and PHOENIX are collectively referred to herein as the "City of London Funds." The Shares to which this Schedule 13G relates are owned directly by the City of London Funds and the Segregated Accounts.
(b)	Address or principal business office or, if none, residence: 77 Gracechurch Street London EC3V 0AS England
(c)	Citizenship: England and Wales
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 47109U104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,894,571.00
(b)	Percent of class: 13.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,894,571.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 3,894,571.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

City of London Investment Management Company Limited

Signature:	/s/ Catrina Reagan
Name/Title:	Catrina Reagan/US Chief Compliance Officer
Date:	07/24/2026