[SCHEDULE 13G/A] abrdn Japan Equity Fund, Inc. SEC Filing
The Schedule 13G/A discloses that CSS LLC/IL beneficially owns 693,261 common shares of ABRDN Japan Equity Fund, Inc. (JEQ), equal to 4.9% of the class. CSS reports sole voting power and sole dispositive power over those shares, meaning it has exclusive authority to vote and to direct disposition of the position. The filing states the holding is within the 5% threshold and that the shares were not acquired to change or influence control of the issuer. The report lists no shared voting or dispositive arrangements, no group affiliation, and no subsidiary acquisition related to this stake.
Il Schedule 13G/A rende noto che CSS LLC/IL detiene a titolo beneficiario 693,261 azioni ordinarie di ABRDN Japan Equity Fund, Inc. (JEQ), pari al 4.9% della classe. CSS dichiara di avere il potere di voto esclusivo e il potere esclusivo di disposizione su tali azioni, ossia l'autorit脿 esclusiva di votare e di decidere sulla disposizione della posizione. La comunicazione precisa che la partecipazione rientra nella soglia del 5% e che le azioni non sono state acquisite per modificare o influenzare il controllo dell'emittente. Il rapporto non riporta accordi di voto o di disposizione condivisi, alcuna affiliazione di gruppo n茅 acquisizioni tramite sussidiarie correlate a questa partecipazione.
El Schedule 13G/A revela que CSS LLC/IL posee a t铆tulo beneficiario 693,261 acciones ordinarias de ABRDN Japan Equity Fund, Inc. (JEQ), equivalentes al 4.9% de la clase. CSS informa tener poder de voto exclusivo y poder exclusivo de disposici贸n sobre dichas acciones, lo que significa que tiene la autoridad exclusiva para votar y para decidir sobre la enajenaci贸n de la posici贸n. La presentaci贸n indica que la participaci贸n se mantiene dentro del umbral del 5% y que las acciones no fueron adquiridas para cambiar o influir en el control del emisor. El informe no registra acuerdos compartidos de voto o disposici贸n, ni afiliaci贸n a grupos, ni adquisiciones por subsidiarias relacionadas con esta participaci贸n.
Schedule 13G/A電� CSS LLC/IL鞚� ABRDN Japan Equity Fund, Inc. (JEQ)鞚� 氤错喌欤� 693,261欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 頃措嫻 韥措灅鞀れ潣 4.9%鞐� 頃措嫻頃潉 瓿店皽頃╇媹雼�. CSS電� 頃措嫻 欤检嫕鞐� 雽�頃� 雼弲 鞚橁舶甓� 氚� 雼弲 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堧嫟瓿� 氤搓碃頄堨溂氅�, 鞚措姅 韴憸鞕� 觳橂秳鞚� 雼弲鞙茧 頃� 靾� 鞛堧姅 甓岉暅鞚� 臧�歆�瓿� 鞛堨潓鞚� 鞚橂頃╇媹雼�. 鞁犼碃靹滌棎電� 氤挫湢攵勳澊 5% 頃滊弰 雮挫棎 鞛堨溂氅� 欤检嫕鞚� 氚滍枆須岇偓鞚� 歆�氚瓣秾鞚� 氤�瓴巾晿瓯半倶 鞓來枼鞚� 欤缄赴 鞙勴暣 旆摑霅� 瓴冹澊 鞎勲嫎鞚� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 氤搓碃靹滌棎電� 瓿惦彊 鞚橁舶甓屄缝矘攵勱秾 頃╈潣, 攴鸽９ 靻岇啀, 霕愲姅 鞚� 歆�攵勱臣 甏�霠悳 鞛愴殞靷棎 鞚橅暅 旆摑鞚� 鞐嗠嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟.
Le Schedule 13G/A r茅v猫le que CSS LLC/IL d茅tient 脿 titre b茅n茅ficiaire 693,261 actions ordinaires d'ABRDN Japan Equity Fund, Inc. (JEQ), soit 4.9% de la cat茅gorie. CSS d茅clare disposer du pouvoir de vote exclusif et du pouvoir exclusif de disposition sur ces actions, ce qui signifie qu'elle a l'autorit茅 exclusive pour voter et pour d茅cider de la cession de la position. La d茅claration pr茅cise que la participation reste en de莽脿 du seuil de 5% et que les actions n'ont pas 茅t茅 acquises dans le but de modifier ou d'influencer le contr么le de l'茅metteur. Le rapport n'indique aucun accord de vote ou de disposition partag茅, aucune appartenance 脿 un groupe ni d'acquisition via une filiale li茅e 脿 cette participation.
Aus dem Schedule 13G/A geht hervor, dass CSS LLC/IL wirtschaftlich Inhaberin von 693,261 Stammaktien der ABRDN Japan Equity Fund, Inc. (JEQ) ist, was 4.9% der Klasse entspricht. CSS gibt an, 眉ber ausschlie脽liche Stimmrechtsbefugnis und ausschlie脽liche Verf眉gungsmacht an diesen Aktien zu verf眉gen, das hei脽t, es hat die ausschlie脽liche Befugnis zu stimmen und 眉ber die Ver盲u脽erung der Position zu entscheiden. Die Meldung stellt fest, dass die Beteiligung innerhalb der 5%-Schwelle liegt und dass die Aktien nicht erworben wurden, um die Kontrolle des Emittenten zu 盲ndern oder zu beeinflussen. Im Bericht werden keine geteilten Stimmrechts- oder Verf眉gungsvereinbarungen, keine Gruppenzugeh枚rigkeit und kein Erwerb durch Tochtergesellschaften im Zusammenhang mit dieser Beteiligung aufgef眉hrt.
- Clear disclosure of beneficial ownership of 693,261 shares, equal to 4.9% of the class
- Sole voting and dispositive power are reported, providing transparency about who controls voting and disposition
- Certification against control intent confirms the filer states the position was not acquired to change issuer control
- None.
Insights
TL;DR: CSS LLC/IL reports a 4.9% position (693,261 shares) with sole voting/dispositive power; disclosure is transparent and likely non-disruptive.
The filing provides clear, specific disclosure of beneficial ownership and control over this stake, which is material enough to require reporting but remains below the 5% threshold that often triggers heightened investor scrutiny. The explicit certification that the shares were not acquired to influence control reduces the likelihood of activist intent. For market impact, this is a routine institutional disclosure rather than a change in governance or control.
TL;DR: Reported sole control and an explicit non-control certification indicate a passive stance; governance implications are minimal.
From a governance perspective, sole voting and dispositive power normally warrant attention, but the stated intent that the position was not acquired to affect control and the absence of group relationships or delegated powers suggest no immediate governance action. The filing enhances transparency about who controls voting for a near-5% holder, which is useful for board and proxy considerations even if it does not signal active engagement.
Il Schedule 13G/A rende noto che CSS LLC/IL detiene a titolo beneficiario 693,261 azioni ordinarie di ABRDN Japan Equity Fund, Inc. (JEQ), pari al 4.9% della classe. CSS dichiara di avere il potere di voto esclusivo e il potere esclusivo di disposizione su tali azioni, ossia l'autorit脿 esclusiva di votare e di decidere sulla disposizione della posizione. La comunicazione precisa che la partecipazione rientra nella soglia del 5% e che le azioni non sono state acquisite per modificare o influenzare il controllo dell'emittente. Il rapporto non riporta accordi di voto o di disposizione condivisi, alcuna affiliazione di gruppo n茅 acquisizioni tramite sussidiarie correlate a questa partecipazione.
El Schedule 13G/A revela que CSS LLC/IL posee a t铆tulo beneficiario 693,261 acciones ordinarias de ABRDN Japan Equity Fund, Inc. (JEQ), equivalentes al 4.9% de la clase. CSS informa tener poder de voto exclusivo y poder exclusivo de disposici贸n sobre dichas acciones, lo que significa que tiene la autoridad exclusiva para votar y para decidir sobre la enajenaci贸n de la posici贸n. La presentaci贸n indica que la participaci贸n se mantiene dentro del umbral del 5% y que las acciones no fueron adquiridas para cambiar o influir en el control del emisor. El informe no registra acuerdos compartidos de voto o disposici贸n, ni afiliaci贸n a grupos, ni adquisiciones por subsidiarias relacionadas con esta participaci贸n.
Schedule 13G/A電� CSS LLC/IL鞚� ABRDN Japan Equity Fund, Inc. (JEQ)鞚� 氤错喌欤� 693,261欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 頃措嫻 韥措灅鞀れ潣 4.9%鞐� 頃措嫻頃潉 瓿店皽頃╇媹雼�. CSS電� 頃措嫻 欤检嫕鞐� 雽�頃� 雼弲 鞚橁舶甓� 氚� 雼弲 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堧嫟瓿� 氤搓碃頄堨溂氅�, 鞚措姅 韴憸鞕� 觳橂秳鞚� 雼弲鞙茧 頃� 靾� 鞛堧姅 甓岉暅鞚� 臧�歆�瓿� 鞛堨潓鞚� 鞚橂頃╇媹雼�. 鞁犼碃靹滌棎電� 氤挫湢攵勳澊 5% 頃滊弰 雮挫棎 鞛堨溂氅� 欤检嫕鞚� 氚滍枆須岇偓鞚� 歆�氚瓣秾鞚� 氤�瓴巾晿瓯半倶 鞓來枼鞚� 欤缄赴 鞙勴暣 旆摑霅� 瓴冹澊 鞎勲嫎鞚� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 氤搓碃靹滌棎電� 瓿惦彊 鞚橁舶甓屄缝矘攵勱秾 頃╈潣, 攴鸽９ 靻岇啀, 霕愲姅 鞚� 歆�攵勱臣 甏�霠悳 鞛愴殞靷棎 鞚橅暅 旆摑鞚� 鞐嗠嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟.
Le Schedule 13G/A r茅v猫le que CSS LLC/IL d茅tient 脿 titre b茅n茅ficiaire 693,261 actions ordinaires d'ABRDN Japan Equity Fund, Inc. (JEQ), soit 4.9% de la cat茅gorie. CSS d茅clare disposer du pouvoir de vote exclusif et du pouvoir exclusif de disposition sur ces actions, ce qui signifie qu'elle a l'autorit茅 exclusive pour voter et pour d茅cider de la cession de la position. La d茅claration pr茅cise que la participation reste en de莽脿 du seuil de 5% et que les actions n'ont pas 茅t茅 acquises dans le but de modifier ou d'influencer le contr么le de l'茅metteur. Le rapport n'indique aucun accord de vote ou de disposition partag茅, aucune appartenance 脿 un groupe ni d'acquisition via une filiale li茅e 脿 cette participation.
Aus dem Schedule 13G/A geht hervor, dass CSS LLC/IL wirtschaftlich Inhaberin von 693,261 Stammaktien der ABRDN Japan Equity Fund, Inc. (JEQ) ist, was 4.9% der Klasse entspricht. CSS gibt an, 眉ber ausschlie脽liche Stimmrechtsbefugnis und ausschlie脽liche Verf眉gungsmacht an diesen Aktien zu verf眉gen, das hei脽t, es hat die ausschlie脽liche Befugnis zu stimmen und 眉ber die Ver盲u脽erung der Position zu entscheiden. Die Meldung stellt fest, dass die Beteiligung innerhalb der 5%-Schwelle liegt und dass die Aktien nicht erworben wurden, um die Kontrolle des Emittenten zu 盲ndern oder zu beeinflussen. Im Bericht werden keine geteilten Stimmrechts- oder Verf眉gungsvereinbarungen, keine Gruppenzugeh枚rigkeit und kein Erwerb durch Tochtergesellschaften im Zusammenhang mit dieser Beteiligung aufgef眉hrt.
FAQ
How many shares does CSS LLC/IL own in JEQ?
Does CSS LLC/IL have voting power over its JEQ shares?
Is CSS LLC/IL鈥檚 stake in JEQ considered a controlling position?
Are there any group affiliations or subsidiary acquisitions reported by CSS LLC/IL?
Who signed the Schedule 13G/A for CSS LLC/IL?
