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Proc-Type: 2001,MIC-CLEAR
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0001048703-06-000225.txt : 20060809
0001048703-06-000225.hdr.sgml : 20060809
20060809081050
ACCESSION NUMBER: 0001048703-06-000225
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20060809
DATE AS OF CHANGE: 20060809
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: SALOMON BROTHERS INFLATION MANAGEMENT FUND INC
CENTRAL INDEX KEY: 0001283721
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-81242
FILM NUMBER: 061015091
MAIL ADDRESS:
STREET 1: 125 BROAD STREET
STREET 2: C/O SALOMON BROTHERS ASSET MANGE
CITY: NEW YORK
STATE: NY
ZIP: 10004
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Karpus Management, Inc.
CENTRAL INDEX KEY: 0001048703
IRS NUMBER: 161290550
STATE OF INCORPORATION: NY
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 183 SULLY'S TRAIL
CITY: PITTSFORD
STATE: NY
ZIP: 14534
BUSINESS PHONE: 5855864680
MAIL ADDRESS:
STREET 1: 183 SULLY'S TRAIL
CITY: PITTSFORD
STATE: NY
ZIP: 14534
FORMER COMPANY:
FORMER CONFORMED NAME: KARPUS MANAGEMENT INC
DATE OF NAME CHANGE: 19971029
SC 13D/A
1
imf0806.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 6)
Salomon Brothers Inflation Management Fund, Inc. (IMF)
(Name of Issuer)
Common Stock
(Title of Class of Securities)
79550V109
(CUSIP Number)
George W. Karpus, President
Karpus Management, Inc.,
d/b/a Karpus Investment Management
183 Sully's Trail
Pittsford, New York 14534
(585) 586-4680
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 9, 2006
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D/A,
and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box.
CUSIP No.: 79550V109
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Karpus Management, Inc., d/b/a Karpus Investment Management
I.D. #16-1290558
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Source of Funds (See Instructions)
AF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
N/A
6. Citizenship or Place of Organization
New York
Number of Shares Beneficially Owned by Each reporting Person With:
7. Sole Voting Power
851,191
8. Shared Voting Power
N/A
9. Sole Dispositive Power
851,191
10. Shared Dispositive Power
N/A
11. Aggregate Amount Beneficially Owned by Each Reporting Person
851,191
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
N/A
13. Percent of Class Represented by Amount in Row (11)
8.84%
14. Type of Reporting Person (See Instructions)
IA
Item 1. Security and Issuer.
Common Stock
Salomon Brothers Inflation Management Fund, Inc.
385 East Colorado Boulevard
Pasadena, California 91101
Item 2. Identity and Background.
(a) Karpus Management, Inc., d/b/a Karpus Investment Management (KIM), George W. Karpus, President, Director, and controlling stockholder, Jo Ann Van Degriff, Vice-President and Director, and Sophie Karpus, Director.
(b) The address of KIMs principal place of business and principal office is: 183 Sullys Trail, Pittsford, New York 14534.
(c) Principal business and occupation - Investment management for individuals, pension plans, profit sharing plans, corporations, endowments, trusts and others.
(d) None of George W. Karpus, Jo Ann Van Degriff or Sophie Karpus (the Principals) or KIM has been convicted in the past 5 years of any criminal proceeding (excluding traffic violations).
(e) During the last 5 years none of the Principals or KIM has been a party to a civil proceeding as a result of which any of them is subject to a judgment, decree, or final order enjoining future violations of or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Each of the Principals is a United States citizen. KIM is a New York corporation.
Item 3. Source and Amount of Funds or Other Considerations.
KIM, an independent investment advisor, has accumulated 851,191 shares of IMF on behalf of accounts that are managed by KIM (the Accounts) under limited powers of attorney, which represents 8.84% of the outstanding shares. All funds that have been utilized in making such purchases are from such Accounts.
Item 4. Purpose of Transaction.
KIM has purchased Shares for the Accounts for investment purposes. However, KIM reserves the right to contact management with regard to concerns that they have with respect to the Fund. This may include letters to the Board and/or other communications with Fund management. Being an independent registered investment advisor, with a specialty focus in closed end funds, the profile of IMF fit the investment guidelines for various Accounts. Shares have been acquired since March 24, 2005.
Item 5. Interest in Securities of the Issuer.
(a) As of the date of this Report, KIM represents beneficial ownership of 851,191 shares, which represents 8.84% of the outstanding shares. Karpus Investment Management Profit Sharing Plan currently owns 1,500 shares, purchased on March 17, 2006 at $16.54 (700 shares) and June 14, 2006 at $15.86 (800 shares). Garnsey Partners L.P. is a hedge fund managed by Karpus Investment Management, of which George W. Karpus owns 6.39%, Jo Ann Van Degriff owns 0.76% and Kathleen F. Crane owns 0.08%. Garnsey Partners L.P. currently owns 46,850 shares of IMF. Apogee Partners L.P. is a also a hedge fund managed by Karpus Investment Management, of which George W. Karpus owns 1.46%, Dana R. Consler owns 0.67% and Cody B. Bartlett Jr. owns 0.48%. Apogee Partners currently owns 44,200 shares of IMF. None of the other Principals of KIM presently own shares of IMF.
(b) KIM has the sole power to dispose of and to vote all of such Shares under limited powers of attorney.
(c) Open market purchases for the last 60 days for the Accounts. There have been no dispositions and no acquisitions, other than by such open market purchases:
Date Shares Price Per Share
6/1/2006 1000 15.84
6/5/2006 1400 16.00
6/6/2006 10800 16.01
6/7/2006 6300 16.00
6/8/2006 8650 15.94
6/9/2006 8950 15.88
6/9/2006 -220 16.03
6/12/2006 2500 15.83
6/13/2006 3300 15.82
6/13/2006 -500 15.85
6/14/2006 14700 15.81
6/15/2006 9450 15.79
6/16/2006 17190 15.79
6/19/2006 2475 15.78
6/20/2006 8300 15.71
6/22/2006 3900 15.71
6/23/2006 2500 15.70
6/26/2006 47530 15.70
6/27/2006 23620 15.68
6/28/2006 19975 15.65
6/29/2006 2300 15.76
7/5/2006 4000 15.80
7/10/2006 -200 15.96
7/17/2006 11000 15.98
7/21/2006 6000 15.95
7/24/2006 5800 15.98
The Accounts have the right to receive all dividends from, and any proceeds from the sale of the Shares. None of the Accounts has an interest in Shares constituting more than 5% of the Shares outstanding.
Item 6. Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer.
Except as described above, there are no contracts, arrangements, understandings or relationships of any kind among the Principals and KIM and between any of them and any other person with respect to any of the IMF securities.
Item 7. Materials to be Filed as Exhibits.
Not applicable.
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.
Karpus Management, Inc.
By: /s/
Name: Dana R. Consler
Title: Senior Vice President
Date: August 9, 2006
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