Bulldog Investors LLP Cuts Stock Holdings in Japan Smaller Capitalization Fund, Inc. $JOF

Bulldog Investors LLP reduced its position in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) by 52.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,181 shares of the company’s stock after selling 113,260 shares during the period. Bulldog Investors LLP’s holdings in Japan Smaller Capitalization Fund were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Japan Smaller Capitalization Fund by 144.7% during the fourth quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock worth $39,000 after buying an additional 3,038 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Japan Smaller Capitalization Fund in the fourth quarter valued at $43,000. Colonial Trust Advisors purchased a new position in Japan Smaller Capitalization Fund in the fourth quarter valued at $104,000. CIBC Bancorp USA Inc. acquired a new position in shares of Japan Smaller Capitalization Fund in the third quarter worth about $215,000. Finally, Triasima Portfolio Management inc. raised its position in shares of Japan Smaller Capitalization Fund by 38.0% in the fourth quarter. Triasima Portfolio Management inc. now owns 21,800 shares of the company’s stock worth $242,000 after acquiring an additional 6,000 shares during the period.

Japan Smaller Capitalization Fund Price Performance

JOF stock opened at $11.18 on Tuesday. Japan Smaller Capitalization Fund, Inc. has a 52-week low of $9.64 and a 52-week high of $12.76. The company’s 50-day simple moving average is $11.62 and its 200-day simple moving average is $11.44.

Japan Smaller Capitalization Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.0956 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.3%.

About Japan Smaller Capitalization Fund

Japan Smaller Capitalization Fund, Inc (NYSE: JOF) is a U.S.-listed closed-end investment company dedicated to long-term capital appreciation through exposure to Japan’s smaller capitalization equities. The fund seeks to identify and invest in firms whose market valuations and growth prospects may be overlooked by broader market indices, offering investors differentiated access to Japan’s domestic growth opportunities.

The portfolio typically comprises equity securities of companies traded on the Tokyo Stock Exchange and other recognized Japanese markets, with a focus on firms outside the large-cap segment.