Japan Smaller Capitalization Fund, Inc. $JOF Shares Sold by Bulldog Investors LLP

Key Points

• Bulldog Investors LLP cut its stake in Japan Smaller Capitalization Fund by 52.1% in the first quarter, selling 113,260 shares and leaving it with 104,181 shares worth about $1.136 million.
• The fund’s stock was down 0.4% to $11.18, trading below both its 50-day average of $11.62 and 200-day average of $11.44.
• Japan Smaller Capitalization Fund announced a monthly dividend of $0.0956 per share, payable on September 30, with an annualized yield of about 10.3%.

Bulldog Investors LLP cut its holdings in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Free Report) by 52.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104,181 shares of the company's stock after selling 113,260 shares during the quarter. Bulldog Investors LLP owned 0.37% of Japan Smaller Capitalization Fund worth $1,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JOF. International Assets Investment Management LLC acquired a new stake in shares of Japan Smaller Capitalization Fund in the fourth quarter worth $43,000. Bank of America Corp DE lifted its position 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 valued at $39,000 after purchasing an additional 3,038 shares during the period. Colonial Trust Advisors acquired a new position in Japan Smaller Capitalization Fund during the fourth quarter valued at $104,000. CIBC Bancorp USA Inc. purchased a new stake in Japan Smaller Capitalization Fund in the third quarter valued at $215,000. Finally, Triasima Portfolio Management inc. grew its position in Japan Smaller Capitalization Fund by 38.0% during the 4th quarter. Triasima Portfolio Management inc. now owns 21,800 shares of the company's stock worth $242,000 after purchasing an additional 6,000 shares during the period.

Japan Smaller Capitalization Fund Trading Down 0.4%

NYSE JOF opened at $11.18 on Tuesday. The stock has a 50-day simple moving average of $11.62 and a two-hundred day simple moving average of $11.44. Japan Smaller Capitalization Fund, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $12.76.

Japan Smaller Capitalization Fund Dividend Announcement

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

Japan Smaller Capitalization Fund Profile

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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