City of London IM Amends Japan Smaller Cap Fund Stake

TL;DR

**City of London IM updated its stake in Japan Smaller Cap Fund, signaling continued institutional interest.**

AI Summary

City of London Investment Management Company Limited filed an amended SC 13G/A on February 9, 2024, indicating their beneficial ownership of Common Stock in Japan Smaller Capitalization Fund, Inc. as of December 31, 2023. This is an amendment (Amendment No. 5) to a previous filing, suggesting a change in their holdings or reporting status. Investors should note that this filing confirms City of London Investment Management Company Limited's continued significant interest in the fund, which could influence future corporate actions or provide a signal of institutional confidence.

Why It Matters

This filing shows that a major institutional investor, City of London Investment Management, continues to hold a significant position in Japan Smaller Capitalization Fund, Inc., which can be a vote of confidence or a signal of potential future activity.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating ongoing ownership rather than a new, volatile event.

Analyst Insight

Investors should monitor future filings from City of London Investment Management Company Limited for any significant changes in their beneficial ownership, as large institutional movements can sometimes precede shifts in stock performance or corporate strategy for Japan Smaller Capitalization Fund, Inc.

Key Players & Entities

• City of London Investment Management Company Limited (company) — the reporting person and beneficial owner
• Japan Smaller Capitalization Fund, Inc. (company) — the issuer of the securities
• December 31, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A

FAQ

Filing Documents

• col13g_18751f.htm (SC 13G/A) — 77KB
• 0001072613-24-000101.txt ( ) — 79KB

(a)

Item 1(a). Name of Issuer: Japan Smaller Capitalization Fund, Inc.

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: The principal executive offices of the Fund are located at: Worldwide Plaza 309 West 49th Street New York, New York 10019

(a)

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 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, HA International Equity CEF Fund (“HAWK”), 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”), a private investment fund organized as a Delaware business trust, and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority (the “Segregated Accounts”). CARDINAL, FALCON, HAWK, 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 Segreg

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 77 Gracechurch Street London EC3V 0AS England

(c)

Item 2(c). Citizenship: England and Wales

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value $.001 per share

(e)

Item 2(e). CUSIP Number: 47109U104 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 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 Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association 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 (15 U.S.C. 80a-3); (j) Group, in accordance with Rule 13d-1(b)(1)(ii)(J). CUSIP No. 47109U104 13G Page 5 of 6 Pages Item 4. (a) Amount beneficially owned: 4,500,984 (b) Percent of Class: 15.9% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 4,500,984 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 4,500,984 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. of Five Percent or Less of a Class. Not applicable. Item 6. of More than Five 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. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not a

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