1
|
NAME OF REPORTING PERSON
Karpus Investment Management
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
AF
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
2,030,846
|
|
8
|
SHARED VOTING POWER
-
|
||
9
|
SOLE DISPOSITIVE POWER
2,030,846
|
||
10
|
SHARED DISPOSITIVE POWER
-
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,030,846
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.38%
|
||
14
|
TYPE OF REPORTING PERSON
IA
|
1
|
NAME OF REPORTING PERSON
George W. Karpus
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
AF
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
55,816
|
|
8
|
SHARED VOTING POWER
9,099
|
||
9
|
SOLE DISPOSITIVE POWER
55,816
|
||
10
|
SHARED DISPOSITIVE POWER
9,099
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
64,915
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
|
||
14
|
TYPE OF REPORTING PERSON
OO
|
Item 2.
|
Identity and Background.
|
Item 3.
|
Source and Amount of Funds or Other Consideration.
|
Item 5.
|
Interest in Securities of the Issuer.
|
A.
|
Karpus
|
|
(a)
|
As of the close of business on June 10, 2016, Karpus Investment Management beneficially owned 2,030,846 Shares held in the Accounts.
|
|
(b)
|
1. Sole power to vote or direct vote: 2,030,846
|
|
2. Shared power to vote or direct vote: 0
|
|
3. Sole power to dispose or direct the disposition: 2,030,846
|
|
4. Shared power to dispose or direct the disposition: 0
|
|
(c)
|
The transactions in the Shares by Karpus Investment Management during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
|
B.
|
Mr. Karpus
|
|
(a)
|
As of the close of business on June 10, 2016, Mr. Karpus, beneficially owned 55,816 Shares. In addition, Mr. Karpus may be deemed to beneficially own the 9,099 Shares held in the Karpus Entities.
|
|
(b)
|
1. Sole power to vote or direct vote: 55,816
|
|
2. Shared power to vote or direct vote: 9,099
|
|
3. Sole power to dispose or direct the disposition: 55,816
|
|
4. Shared power to dispose or direct the disposition: 9,099
|
|
(c)
|
The transactions in the Shares by George W. Karpus during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
|
KARPUS MANAGEMENT, INC.
|
|||
By:
|
/s/ Daniel Lippincott
|
||
Name:
|
Daniel Lippincott
|
||
Title:
|
Senior Tax-Sensitive Manager
|
/s/ George W. Karpus
|
|
GEORGE W. KARPUS
|
Name
|
Position & Present Principal Occupation
|
Business Address
|
Shares Owned
|
George W. Karpus
|
President, CEO, and Chairman of the Board
|
183 Sully’s Trail, Pittsford, New York 14534
|
See Above
|
Kathleen Finnerty Crane
|
Chief Financial Officer and Chief Compliance Officer
|
183 Sully’s Trail, Pittsford, New York 14534
|
20
Shares
|
Dana R. Consler
|
Executive Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
2,897
Shares
|
Thomas M. Duffy
|
Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Sharon L. Thornton
|
Senior Director of Investments
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Daniel L. Lippincott
|
Sr. Tax-Sensitive Manager and Director of Investment Personnel
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Sale of Common Stock
|
(500)
|
12.69
|
4/18/2016
|
Sale of Common Stock
|
(1,014,001)
|
12.96
|
6/3/2016
|
Sale of Common Stock
|
(6,323)
|
12.96
|
6/6/2016
|
Sale of Common Stock
|
(316)
|
12.96
|
6/7/2016
|
Sale of Common Stock
|
(330)
|
11.94
|
6/9/2016
|
Sale of Common Stock
|
(149)
|
11.85
|
6/10/2016
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Purchase of Common Stock
|
9
|
13.07
|
4/18/2016
|
Sale of Common Stock
|
(33,709)
|
12.96
|
6/3/2016
|