-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QWDcgN/sjWJLq4+Pq0atKjSxTtC38P9N12a8ScwFcubfm7NMFVdC6S5K+8VVTOib a1H175nrcMCy6cLj5mMUUw== 0001286207-08-000011.txt : 20080814 0001286207-08-000011.hdr.sgml : 20080814 20080814162042 ACCESSION NUMBER: 0001286207-08-000011 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080630 FILED AS OF DATE: 20080814 DATE AS OF CHANGE: 20080814 EFFECTIVENESS DATE: 20080814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN INVESTMENT LLC CENTRAL INDEX KEY: 0001286207 IRS NUMBER: 870623442 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10869 FILM NUMBER: 081019345 BUSINESS ADDRESS: STREET 1: 7050 S. UNION PARK CENTER, SUITE 590 CITY: MIDVALE STATE: UT ZIP: 84047 BUSINESS PHONE: 801-568-1400 MAIL ADDRESS: STREET 1: 7050 S. UNION PARK CENTER, SUITE 590 CITY: MIDVALE STATE: UT ZIP: 84047 13F-HR 1 winv2q08.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/2008 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Western Investment LLC Address: 7050 South Union Park Center, Ste 590 Midvale, UT 84047 13F File Number: 28-10869 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Arthur Lipson Title: Managing Member Phone: 801-568-1400 Signature, Place, and Date of Signing: Arthur Lipson Salt Lake City, UT August 06, 2008 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 143 Form13F Information Table Value Total: $501,422 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 40 / 86 STRATEGIC INCOME FD SH BEN INT 349739102 435 51214 SH Sole 51214 0 0 ADVENT CLAYMORE ENH GRW & IN COM 00765E104 936 66400 SH Sole 66400 0 0 ALPINE GLOBAL DYNAMIC DIVD F COM 02082E106 650 43000 SH Sole 43000 0 0 ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 216 19900 SH Sole 19900 0 0 AMERICAN CAPITAL AGENCY CORP COM 02503X105 1712 102904 SH Sole 102904 0 0 AMERICAN LD LEASE INC COM 027118108 207 10911 SH Sole 10911 0 0 ANTHRACITE CAP INC COM 037023108 178 25300 SH Sole 25300 0 0 BLACKROCK CORPOR HI YLD FD V COM 09255N102 502 45843 SH Sole 45843 0 0 BLACKROCK DIVID ACHIEVRS TM COM 09250N107 363 36800 SH Sole 36800 0 0 BLACKROCK ENH CAP & INC FD I COM 09256A109 468 26900 SH Sole 26900 0 0 BLACKROCK FL INS MUN INC TR COM 09250G102 247 19309 SH Sole 19309 0 0 BLACKROCK FLA INVT QUALITY M COM 09247B109 335 30800 SH Sole 30800 0 0 BLACKROCK FLA MUN 2020 TERM COM SHS 09250M109 1726 139225 SH Sole 139225 0 0 BLACKROCK GLBL ENRGY & RES T COM 09250U101 2435 65500 SH Sole 65500 0 0 BLACKROCK HIGH INCOME SHS SHS BEN INT 09250E107 77 37490 SH Sole 37490 0 0 BLACKROCK INCOME TR INC COM 09247F100 1433 242471 SH Sole 242471 0 0 BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 153 10000 SH Sole 10000 0 0 BLACKROCK LONG-TERM MUNI ADV COM 09250B103 719 64625 SH Sole 64625 0 0 BLACKROCK MUNIHLDGS FD INC COM 09254A101 219 18850 SH Sole 18850 0 0 BLACKROCK MUNIHLDGS INSD FDI COM 09254C107 256 22450 SH Sole 22450 0 0 BLACKROCK MUNIHOLDINGS FLA I COM 09254P108 1077 90075 SH Sole 90075 0 0 BLACKROCK MUNIHOLDINGS N Y I COM 09255C106 257 20975 SH Sole 20975 0 0 BLACKROCK MUNIYIELD FLA INC COM 09254R104 299 24725 SH Sole 24725 0 0 BLACKROCK MUNIYIELD FLA INSD COM 09254T100 1203 100894 SH Sole 100894 0 0 BLACKROCK PFD & EQ ADVANTAGE COM 092508100 152 10000 SH Sole 10000 0 0 BLACKROCK REAL ASSET EQUITY COM 09254B109 30266 1674029 SH Sole 1674029 0 0 BLACKROCK S&P QLTY RK EQ MD SHS BEN INT 09250D109 557 38700 SH Sole 38700 0 0 BLACKROCK STRAT DIVD ACHIEVE COM 09249Y107 3113 299300 SH Sole 299300 0 0 BLACKROCK STRTGC BOND TR COM 09249G106 643 56234 SH Sole 56234 0 0 BOULDER GROWTH & INCOME FD I COM 101507101 2115 287335 SH Sole 287335 0 0 BRT RLTY TR SH BEN INT NEW 055645303 390 32500 SH Sole 32500 0 0 CALAMOS GBL DYN INCOME FUND COM 12811L107 1132 103200 SH Sole 103200 0 0 CAPLEASE INC COM 140288101 1238 165300 SH Sole 165300 0 0 CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 1670 93700 SH Sole 93700 0 0 COHEN & STEERS DIV MJRS FDIN COM 19248G106 2795 186200 SH Sole 186200 0 0 COHEN & STEERS REIT & UTIL I COM 19247Y108 58524 3332800 SH Sole 3332800 0 0 COHEN & STEERS SELECT UTIL F COM 19248A109 58141 2382818 SH Sole 2382818 0 0 COHEN & STEERS WRLDWD RLT IN COM 19248J100 160 11500 SH Sole 11500 0 0 DELAWAR INVTS AZ MUN INCOME COM 246100101 229 18753 SH Sole 18753 0 0 DELAWARE ENHANCED GBL DIV & COM 246060107 946 71000 SH Sole 71000 0 0 DIAMOND HILL FINL TRNDS FD I COM 25264C101 851 85490 SH Sole 85490 0 0 DIME BANCORP INC NEW *W EXP 99/99/999 25429Q110 7 25000 SH Sole 25000 0 0 DIVIDEND CAP RLTY INCM ALLC COM 25537T105 100 18900 SH Sole 18900 0 0 DTF TAX-FREE INCOME INC COM 23334J107 615 45825 SH Sole 45825 0 0 DWS GLOBAL COMMODITIES STK F COM 23338Y100 33899 1669910 SH Sole 1669910 0 0 DWS RREEF REAL ESTATE FD II COM 23338X102 145 12556 SH Sole 12556 0 0 DYNEX CAP INC COM NEW 26817Q506 9025 1025571 SH Sole 1025571 0 0 DYNEX CAP INC PFD D 9.50% 26817Q605 1748 172522 SH Sole 172522 0 0 EATON VANCE FL PLUS MUN INC SH BEN INT 27826B100 1589 130212 SH Sole 130212 0 0 EATON VANCE INS FL PLUS MUN COM 27828E102 585 45299 SH Sole 45299 0 0 EATON VANCE MI MUNI INCOME T SH BEN INT 27826D106 133 11200 SH Sole 11200 0 0 EATON VANCE NJ MUNI INCOME T SH BEN INT 27826V106 208 17065 SH Sole 17065 0 0 EATON VANCE OH MUNI INCOME T SH BEN INT 27826G109 270 21682 SH Sole 21682 0 0 EATON VANCE TAX ADVT DIV INC COM 27828G107 998 43100 SH Sole 43100 0 0 EATON VANCE TX ADV GLB DIV O COM 27828U106 531 17700 SH Sole 17700 0 0 EATON VANCE TX ADV GLBL DIV COM 27828S101 1078 49600 SH Sole 49600 0 0 EATON VANCE TX MGD DIV EQ IN COM 27828N102 428 28100 SH Sole 28100 0 0 EATON VANCE TXMGD GL BUYWR O COM 27829C105 11737 752400 SH Sole 752400 0 0 FIFTH STREET FINANCE CORP COM 31678A103 1029 100000 SH Sole 100000 0 0 FIRST TR ENHANCED EQTY INC F COM 337318109 878 66100 SH Sole 66100 0 0 FIRST TR/ABERDEEN EMERG OPT COM 33731K102 499 28600 SH Sole 28600 0 0 FRIEDMAN BILLINGS RAMSEY GRO CL A 358434108 150 100000 SH Sole 100000 0 0 GABELLI DIVD & INCOME TR COM 36242H104 1112 63000 SH Sole 63000 0 0 GABELLI GLOBAL DEAL FD COM SBI 36245G103 231 14900 SH Sole 14900 0 0 GABELLI GLOBAL MULTIMEDIA TR COM 36239Q109 931 101100 SH Sole 101100 0 0 GABELLI HLTHCARE & WELLNESS SHS 36246K103 106 17100 SH Sole 17100 0 0 H & Q LIFE SCIENCES INVS SH BEN INT 404053100 3855 337310 SH Sole 337310 0 0 HANCOCK JOHN PATRIOT PREM II COM SH BEN INT 41013T105 1374 152281 SH Sole 152281 0 0 HANCOCK JOHN TAX-ADV DIV INC COM 41013V100 19000 1297800 SH Sole 1297800 0 0 HATTERAS FINL CORP COM 41902R103 1747 76000 SH Sole 76000 0 0 HIGH YIELD PLUS FD INC COM 429906100 417 142489 SH Sole 142489 0 0 ING RISK MANAGED NAT RES FD COM 449810100 249 14500 SH Sole 14500 0 0 INSURED MUN INCOME FD COM 45809F104 6623 529442 SH Sole 529442 0 0 INVESTMENT GRADE MUN INCOME COM 461368102 2482 193626 SH Sole 193626 0 0 LAZARD GLB TTL RET&INCM FD I COM 52106W103 591 32000 SH Sole 32000 0 0 LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 1606 273516 SH Sole 273516 0 0 MACQUARIE GLBL INFRA TOTL RE COM 55608D101 296 13200 SH Sole 13200 0 0 MBIA CAP CLAYMORE MNG DUR IN COM 55266X100 3172 267031 SH Sole 267031 0 0 MCG CAPITAL CORP COM 58047P107 516 129562 SH Sole 129562 0 0 MEXICO FD INC COM 592835102 581 16563 SH Sole 16563 0 0 MFA MTG INVTS INC COM 55272X102 179 27500 SH Sole 27500 0 0 MORGAN STANLEY INSD MUN TR 61745P866 1578 125050 SH Sole 125050 0 0 MORGAN STANLEY MUN PREM INCOM 61745P429 1302 161900 SH Sole 161900 0 0 MORGAN STANLEY QLT MUN INV TR 61745P668 1132 91800 SH Sole 91800 0 0 MORGAN STANLEY QUALT MUN INCM 61745P734 406 33825 SH Sole 33825 0 0 MORGAN STANLEY QULTY MUN SECS 61745P585 189 14725 SH Sole 14725 0 0 MORGAN STANLEY INSD MUN BD TR 61745P817 642 52375 SH Sole 52375 0 0 MORGAN STANLEY GBL OPP BOND COM 61744R103 85 13137 SH Sole 13137 0 0 MORGAN STANLEY HIGH YIELD FD COM 61744M104 362 68220 SH Sole 68220 0 0 MVC CAPITAL INC COM 553829102 25005 1826527 SH Sole 1826527 0 0 NEUBERGER BERMAN DIV ADVANT COM 64127J102 2060 140125 SH Sole 140125 0 0 NEUBERGER BERMAN RE ES SEC F COM 64190A103 7728 826477 SH Sole 826477 0 0 NEW AMER HIGH INCOME FD INC COM 641876107 242 151302 SH Sole 151302 0 0 NFJ DIVID INT & PREM STRTGY COM SHS 65337H109 525 24700 SH Sole 24700 0 0 NUVEEN CA DIV ADVANTG MUN FD COM 67069X104 1033 80688 SH Sole 80688 0 0 NUVEEN CA SELECT QUALITY MUN COM 670975101 194 15025 SH Sole 15025 0 0 NUVEEN CORE EQUITY ALPHA FUN COM 67090X107 4133 287000 SH Sole 287000 0 0 NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 1636 135900 SH Sole 135900 0 0 NUVEEN EQTY PRM OPPORTUNITYF COM 6706EM102 523 34100 SH Sole 34100 0 0 NUVEEN EQUITY PREM & GROWTH COM 6706EW100 770 50100 SH Sole 50100 0 0 NUVEEN EQUITY PREM INCOME FD COM 6706ER101 1152 77100 SH Sole 77100 0 0 NUVEEN FLA INVT QUALITY MUN COM 670970102 4365 358658 SH Sole 358658 0 0 NUVEEN FLA QUALITY INCOME MU COM 670978105 2808 228676 SH Sole 228676 0 0 NUVEEN INS FL TX FR ADV MUN COM 670655109 409 32950 SH Sole 32950 0 0 NUVEEN INSD DIVID ADVANTAGE COM 67071L106 1653 127750 SH Sole 127750 0 0 NUVEEN INSD FLA PREM INCOME COM 67101V108 810 63792 SH Sole 63792 0 0 NUVEEN MD DIV ADV MUN FD 3 COM 67072A109 786 62257 SH Sole 62257 0 0 NUVEEN MD PREM INCOME MUN FD COM 67061Q107 217 17275 SH Sole 17275 0 0 NUVEEN MICH PREM INCOME MUN COM 67101Q109 134 10650 SH Sole 10650 0 0 NUVEEN MULT CURR ST GV INCM COM 67090N109 562 31964 SH Sole 31964 0 0 NUVEEN MULTI STRAT INC & GR COM 67073B106 1307 135885 SH Sole 135885 0 0 NUVEEN MULTI STRAT INC GR FD COM SHS 67073D102 2444 247600 SH Sole 247600 0 0 NUVEEN NY SELECT QUALITY MUN COM 670976109 474 37475 SH Sole 37475 0 0 NUVEEN OHIO QUALITY INCOME M COM 670980101 345 25500 SH Sole 25500 0 0 NUVEEN PA PREM INCOME MUN FD COM 67061F101 1046 87700 SH Sole 87700 0 0 NUVEEN PERFORMANCE PLUS MUN COM 67062P108 3316 255098 SH Sole 255098 0 0 NUVEEN PREM INCOME MUN FD 4 COM 6706K4105 5026 451542 SH Sole 451542 0 0 NUVEEN PREMIER INSD MUN INCO COM 670987106 493 39101 SH Sole 39101 0 0 NUVEEN PREMIER MUN INCOME FD COM 670988104 805 65214 SH Sole 65214 0 0 NUVEEN TAX ADVANTAGED DIV GR COM 67073G105 1450 99000 SH Sole 99000 0 0 OLD MUTUAL CLAYMORE LNG SHT COM 68003N103 2900 219200 SH Sole 219200 0 0 ORIGEN FINL INC COM 68619E208 251 168600 SH Sole 168600 0 0 PETROLEUM & RES CORP COM 716549100 362 8300 SH Sole 8300 0 0 PIONEER MUN & EQUITY INCOME COM 723761102 20084 1670841 SH Sole 1670841 0 0 PROSPECT STR HIGH INCOME PTF COM NEW 743586406 240 94087 SH Sole 94087 0 0 PROSPECT STREET INCOME SHS I COM 743590101 324 68565 SH Sole 68565 0 0 PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 4062 376430 SH Sole 376430 0 0 PUTNAM PREMIER INCOME TR SH BEN INT 746853100 1312 217866 SH Sole 217866 0 0 REAVES UTIL INCOME FD COM SH BEN INT 756158101 3598 159985 SH Sole 159985 0 0 RMR ASIA REAL ESTATE FUND COM BENE INTER 74964Q101 184 15800 SH Sole 15800 0 0 RMR HOSPITALITY REAL ESTATE COM 74963J108 702 53800 SH Sole 53800 0 0 RMR REAL ESTATE FD SH BEN INT 74963F106 237 23500 SH Sole 23500 0 0 SELIGMAN SELECT MUN FD INC COM 816344105 315 33326 SH Sole 33326 0 0 SWISS HELVETIA FD INC COM 870875101 293 19300 SH Sole 19300 0 0 TICC CAPITAL CORP COM 87244T109 416 76118 SH Sole 76118 0 0 TORTOISE NORTH AMRN ENRGY CO COM 89147T103 202 8200 SH Sole 8200 0 0 TRI CONTL CORP COM 895436103 85793 5187016 SH Sole 5187016 0 0 TS&W CLAYMORE TAX ADVNTG BL COM 87280R108 2939 264500 SH Sole 264500 0 0 WESTERN ASSET GLB HI INCOME COM 95766B109 1143 103290 SH Sole 103290 0 0 WESTERN ASSET GLB PTNRS INCO COM 95766G108 175 16700 SH Sole 16700 0 0 WESTERN ASST MN PRT FD INC COM 95766P108 924 74177 SH Sole 74177 0 0 ZWEIG FD COM 989834106 5574 1206564 SH Sole 1206564 0 0 ZWEIG TOTAL RETURN FD INC COM 989837109 500 113047 SH Sole 113047 0 0
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