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Hi Siji Daniel,
there still a lot of tablespaces out there, which have been carried through various versions of Db2 as databases are migrated and not recreated. So the problem is still present even in 11.5 or 12.1.
Have you ever tried to lower a tablespace HWM for an old (pre V9.7 created) tablespace, which by accident got altered to AUTOMATIC STORAGE? With that move you never can get that TS reduced again, as AS assumes the TS must have reclaimable storage.
The old way by reducing the HWM doesn't work, as it's declared as automatic storage now. But the new REDUCE MAX (e.g.) fails, as the TS is NOT reclaimable! So you are stuck and have to create a new TS, move all the data over there (using e.g. admin_move_table procedure) and drop the old TS. But this means you need twice as much storage until you can DROP the old TS.
So making an existing old TS reclaimable w/o drop/create of that TS would be a great relief.
The idea describes an issue on tables created on very old versions of Db2 (pre-v9.7). Storage may be reclaimed quickly with ALTER TABLESPACE command to reduce and lower high watermark or other functions to rebuild indexes and tables online. Marked as Not Under Consideration as it is no longer applicable.