1607 Capital Partners Holds 19.9% Stake in Japan Smaller Cap Fund

TL;DR

**1607 Capital Partners still owns a big chunk (19.9%) of Japan Smaller Cap Fund, showing continued confidence.**

AI Summary

1607 Capital Partners, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on February 8, 2024, disclosing its ownership in Japan Smaller Capitalization Fund, Inc. As of December 31, 2023, 1607 Capital Partners beneficially owned 5,053,077 shares of Common Stock, representing 19.9% of the fund. This filing indicates a significant, but slightly reduced, passive stake, which matters to investors as it shows a major institutional holder's continued, albeit adjusted, confidence in the fund.

Why It Matters

This filing shows that a major institutional investor, 1607 Capital Partners, continues to hold a substantial stake in Japan Smaller Capitalization Fund, Inc., signaling their ongoing interest in the fund's performance.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive ownership stake, indicating no immediate change in control or strategy that would introduce significant risk.

Analyst Insight

Investors should note that a major institutional holder maintains a significant, albeit passive, position. This suggests continued institutional interest but no immediate activist pressure or change in company direction. Monitor future 13G/A filings for any significant changes in ownership percentage or a switch to a 13D filing, which would signal a more active role.

Key Numbers

• 5,053,077 — Shares Beneficially Owned (This is the total number of shares of Common Stock in Japan Smaller Capitalization Fund, Inc. held by 1607 Capital Partners, LLC as of December 31, 2023.)
• 19.9% — Percentage of Class (This represents the percentage of the total outstanding Common Stock of Japan Smaller Capitalization Fund, Inc. owned by 1607 Capital Partners, LLC.)
• $0.10 — Par Value per Share (This is the stated par value of the Common Stock of Japan Smaller Capitalization Fund, Inc.)
• December 31, 2023 — Date of Event (This is the date as of which the ownership stake was calculated for this filing.)
• February 8, 2024 — Filing Date (This is the date the SC 13G/A amendment was filed with the SEC.)

Key Players & Entities

• 1607 Capital Partners, LLC (company) — the reporting person and beneficial owner of shares
• Japan Smaller Capitalization Fund, Inc. (company) — the issuer of the securities
• Delaware (company) — place of organization for 1607 Capital Partners, LLC
• Worldwide Plaza (company) — business address of Japan Smaller Capitalization Fund Inc.

Forward-Looking Statements

• 1607 Capital Partners, LLC will likely maintain a significant, passive stake in Japan Smaller Capitalization Fund, Inc. for the foreseeable future. (1607 Capital Partners, LLC) — high confidence, target: Next 12-24 months
• The fund's management will continue to operate without direct influence from 1607 Capital Partners, LLC, given the passive nature of the 13G filing. (Japan Smaller Capitalization Fund, Inc.) — high confidence, target: Ongoing

FAQ

Key Financial Figures

• $0.10 — me of Issuer) Common Stock, par value $0.10 per share (Title of Class of Securiti

Filing Documents

• jof-123123a13.htm (SC 13G/A) — 52KB
• 0001172661-24-000568.txt ( ) — 54KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Japan Smaller Capitalization Fund, Inc., Inc. (b)Address of Issuer’s Principal Executive Offices Worldwide Plaza 309 West 49th Street New York, NY 10019

(a)Name of Person Filing

Item 2. (a)Name of Person Filing 1607 Capital Partners, LLC (b)Address of Principal Business Office, or, if none, Residence 13 S. 13th Street, Suite 400 Richmond, Virginia 23219 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Common Stock, par value $0.10 per share (e) CUSIP No.: 47109U104 CUSIP No. 47109U104 SCHEDULE 13G/A Page 4 of 6 Pages

If

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) x 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); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 47109U104 SCHEDULE 13G /A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 5,053,077 (b) Percent of class: 17.8% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 5,053,077 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 5,053,077 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof th

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