0000950123-11-075443.txt : 20110810 0000950123-11-075443.hdr.sgml : 20110810 20110810110731 ACCESSION NUMBER: 0000950123-11-075443 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110810 DATE AS OF CHANGE: 20110810 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MASSACHUSETTS HEALTH & EDUCATION TAX EXEMPT TRUST CENTRAL INDEX KEY: 0000901824 IRS NUMBER: 043196366 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84469 FILM NUMBER: 111023125 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UBS AG CENTRAL INDEX KEY: 0001114446 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: BAHNHOFSTRASSE 45 STREET 2: P O BOX CH 8098 CITY: ZURICH STATE: V8 ZIP: - BUSINESS PHONE: 41-1-234-4100 MAIL ADDRESS: STREET 1: BAHNHOFSTRASSE 45 STREET 2: P O BOX CH 8098 CITY: ZURICH STATE: V8 ZIP: - SC 13G/A 1 c21208sc13gza.htm SCHEDULE 13G/A Schedule 13G/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

Massachusetts Health and Education Tax-Exempt Trust
(Name of Issuer)
Auction Preferred Stock
(Title of Class of Securities)
575672308
575672209
(CUSIP Number)
July 31, 2011
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     þ Rule 13d-1(b)

     o Rule 13d-1(c)

     o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 

 

                     
CUSIP No(s).
  
575672308, 575672209  
  

 

           
1   NAMES OF REPORTING PERSONS
UBS AG, for the benefit and on behalf of UBS Securities LLC and UBS Financial Services Inc., two-wholly owned subsidiaries of UBS AG to which UBS AG has delegated portions of its performance obligations with respect to the Auction Rate Securities Rights issued by UBS AG to certain clients and pursuant to which the securities reported herein have been purchased from such clients
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Switzerland
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   103**
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    103**
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  103**
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  27.84%***
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  BK
** These amounts reflect UBS AG’s combined holdings in the series of auction preferred stock of the issuer identified by the CUSIP number(s) set forth on the cover page of this Schedule 13G.
*** This calculation reflects a fraction the numerator of which is the total set forth in Item 9 of this cover page and the denominator of which is the aggregate amount of auction preferred stock of all series identified in Item 2(e) of this Schedule 13G, which latter amount is treated herein as a single class of securities in accordance with the Auction Rate Securities — Global Exemptive Relief letter issued by the staff of the Securities and Exchange Comm ission on September 22, 2008 (the “Global Relief Letter”).

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CUSIP No(s).
  
575672308, 575672209  
  
     
Item 1(a)  
Name of Issuer
   
 
   
Massachusetts Health and Education Tax-Exempt Trust
   
 
Item 1(b)  
Address of Issuer’s Principal Executive Offices:
   
 
   
Massachusetts Health and Education Tax-Exempt Trust
   
100 Bellevue Parkway
   
Wilmington, DE 19809
   
 
Item 2(a)  
Name of Person Filing:
   
 
   
UBS AG
   
 
Item 2(b)  
Address of Principal Business Office:
   
 
   
UBS AG
   
Bahnhofstrasse 45
   
PO Box CH-8021
   
Zurich, Switzerland
   
 
Item 2(c)  
Citizenship or Place of Organization:
   
 
   
Switzerland
   
 
Item 2(d)  
Title of Class of Securities
   
 
   
Auction Preferred Stock
   
 
Item 2(e)  
CUSIP Number(s):
   
 
   
575672308
   
575672209
   
 
   
This response lists the CUSIP numbers assigned to every series of auction preferred securities issued by the Issuer, and not redeemed as of January 31, 2009, including series in which UBS AG may not have an ownership position.
   
 
Item 3.  
Type of Person Filing:
   
 
   
UBS AG is classified as a Bank as defined in section 3(a)(6) of the Securities Act or 1933 pursuant to no-action relief granted by the staff of the Securities and Exchange Commission.

 

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CUSIP No(s).
  
575672308, 575672209  
  
     
Item 4 (a)-(c)(iv).  
Ownership:
   
 
   
Items 5-11 of the cover page and Item 2(e) above are incorporated by reference in our response to this Item 4.
   
 
Item 5.  
Ownership of Five Percent or Less of a Class:
   
 
   
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
   
 
Item 6.  
Ownership of More than Five Percent on Behalf of Another Person:
   
 
   
Not applicable
   
 
Item 7.  
Identification and Classification of the Subsidiary That Acquired the Security Being Reported on By the Parent Holding Company:
   
 
   
This statement on Schedule 13G is being filed by UBS AG, for the benefit and on behalf of UBS Securities LLC and UBS Financial Services Inc., two-wholly owned subsidiaries of UBS AG to which UBS AG has delegated portions of its performance obligations with respect to the Auction Rate Securities Rights issued by UBS AG to certain clients and pursuant to which the securities reported herein have been purchased from such clients
   
 
Item 8.  
Identification and Classification of Members of the Group
   
 
   
Not Applicable
   
 
Item 9  
Notice of Dissolution of Group:
   
 
   
Not Applicable
   
 
Item 10.  
Certification:
   
 
   
By signing below, the undersigned certify that, to the best of their knowledge and belief, (i) the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, and (ii) that the reporting person(s) identified above are eligible to rely upon the Global Relief Letter with respect to the submission of this Schedule 13G.

 

Page 4 of 5

 

                     
CUSIP No(s).
  
575672308, 575672209  
  
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
         
     
  By:   /s/ Anthony DeFilippis    
    Executive Director   
    Central Compliance   
 
     
  By:   /s/ Paul Sitarz    
    Managing Director   
    ARS Business Management   
 
Date: August 10, 2011

 

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