1607 Capital Partners LLC Cuts Position in Japan Smaller Capitalization Fund, Inc. $JOF

Key Points

• 1607 Capital Partners trimmed its stake in Japan Smaller Capitalization Fund by 2.3% in Q3, selling 97,487 shares and ending the quarter with 4,151,303 shares (about 11.79% of the fund) valued at roughly $43.8 million, making JOF its ninth-largest holding.
• Bank of America dramatically increased its position in Q2—by roughly 37,758%—buying 792,918 shares to reach 795,018 shares, signaling significant institutional accumulation.
• JOF announced a monthly dividend of $0.0887 (record June 15, payable June 30), which corresponds to an annualized yield of about 9.9%.

1607 Capital Partners LLC decreased its position in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,151,303 shares of the company's stock after selling 97,487 shares during the quarter. Japan Smaller Capitalization Fund comprises about 3.3% of 1607 Capital Partners LLC's investment portfolio, making the stock its 9th largest holding. 1607 Capital Partners LLC owned about 11.79% of Japan Smaller Capitalization Fund worth $43,755,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in Japan Smaller Capitalization Fund by 9.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,487,892 shares of the company's stock valued at $57,842,000 after purchasing an additional 454,000 shares during the last quarter. Pekin Hardy Strauss Inc. grew its position in Japan Smaller Capitalization Fund by 116.0% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 197,467 shares of the company's stock worth $2,081,000 after purchasing an additional 106,068 shares during the last quarter. Lazard Asset Management LLC grew its position in Japan Smaller Capitalization Fund by 0.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,320,298 shares of the company's stock worth $22,367,000 after purchasing an additional 19,460 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Japan Smaller Capitalization Fund by 37,758.0% in the second quarter. Bank of America Corp DE now owns 795,018 shares of the company's stock valued at $7,664,000 after purchasing an additional 792,918 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Japan Smaller Capitalization Fund by 4.0% in the third quarter. Raymond James Financial Inc. now owns 101,127 shares of the company's stock valued at $1,066,000 after purchasing an additional 3,847 shares during the period.

Japan Smaller Capitalization Fund Stock Down 1.8%

JOF opened at $10.76 on Friday. The business's 50 day moving average is $11.61 and its 200-day moving average is $10.95. Japan Smaller Capitalization Fund, Inc. has a twelve month low of $7.43 and a twelve month high of $12.76.

Japan Smaller Capitalization Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0887 dividend. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Monday, June 15th.

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.

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