0001286207-11-000009.txt : 20110815 0001286207-11-000009.hdr.sgml : 20110815 20110815162057 ACCESSION NUMBER: 0001286207-11-000009 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110815 DATE AS OF CHANGE: 20110815 EFFECTIVENESS DATE: 20110815 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: 111036643 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 wi2q11a.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: 2011/6/30 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: 028-10869 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: /s/Arthur Lipson Salt Lake City, UT August 12, 2011 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 Form 13F Information Table Entry Total: 59 Form 13F Information Table Value Total: $167,472 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AGIC EQUITY & CONV INCOME FD COM 00119P102 196 10657 SH Sole 10657 0 0 ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 25003 3477496 SH Sole 3477496 0 0 BLACKROCK CREDIT ALL IN TR I COM SHS 09249V103 1153 106400 SH Sole 106400 0 0 BLACKROCK CREDIT ALL INC TR COM 092508100 1633 130559 SH Sole 130559 0 0 BLACKROCK CREDIT ALL INC TR COM 09255J101 306 32662 SH Sole 32662 0 0 BLACKROCK KELSO CAPITAL CORP COM 092533108 253 28190 SH Sole 28190 0 0 BOULDER GROWTH & INCOME FD I COM 101507101 104 16101 SH Sole 16101 0 0 CALAMOS GBL DYN INCOME FUND COM 12811L107 492 56521 SH Sole 56521 0 0 CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 425 44419 SH Sole 44419 0 0 CAPLEASE INC COM 140288101 178 36200 SH Sole 36200 0 0 CENTRAL FD CDA LTD CL A 153501101 257 12600 SH Sole 12600 0 0 CENTRAL SECS CORP COM 155123102 329 13786 SH Sole 13786 0 0 CLOUGH GLOBAL EQUITY FD COM 18914C100 371 25048 SH Sole 25048 0 0 COLONY FINL INC COM 19624R106 452 25000 SH Sole 25000 0 0 CORNERSTONE STRATEGIC VALUE COM NEW 21924B203 125 12090 SH Sole 12090 0 0 CREXUS INVT CORP COM 226553105 1363 122700 SH Sole 122700 0 0 DCA TOTAL RETURN FD COM 233066109 49 12985 SH Sole 12985 0 0 DWS GLOBAL HIGH INCOME FD COM 23338W104 488 61592 SH Sole 61592 0 0 DWS HIGH INCOME OPPORT FD IN COM NEW 23339M204 13460 924447 SH Sole 924447 0 0 DYNEX CAP INC COM NEW 26817Q506 4655 480883 SH Sole 480883 0 0 EATON VANCE ENHANCED EQ INC COM 278274105 1372 114300 SH Sole 114300 0 0 EATON VANCE RISK MNGD DIV EQ COM 27829G106 1471 116527 SH Sole 116527 0 0 EATON VANCE TAX MNG GBL DV E COM 27829F108 2851 272278 SH Sole 272278 0 0 EATON VANCE TAX MNGED BUY WR COM 27828X100 1146 83248 SH Sole 83248 0 0 EATON VANCE TX MGD DIV EQ IN COM 27828N102 4080 373657 SH Sole 373657 0 0 EATON VANCE TXMGD GL BUYWR O COM 27829C105 1153 95093 SH Sole 95093 0 0 EQUUS TOTAL RETURN INC COM 294766100 61 25500 SH Sole 25500 0 0 FIRST TR STRAT HGH INC FD II COM 33735C106 52 11475 SH Sole 11475 0 0 GABELLI GLOBAL MULTIMEDIA TR COM 36239Q109 2677 335859 SH Sole 335859 0 0 GABELLI HLTHCARE & WELLNESS SHS 36246K103 409 52916 SH Sole 52916 0 0 GUGGENHEIM ENHANCED EQUITY S COM 40167K100 395 22854 SH Sole 22854 0 0 H & Q LIFE SCIENCES INVS SH BEN INT 404053100 1249 100218 SH Sole 100218 0 0 INVESCO CALI QLTY MUNI SEC COM 46130M107 266 21903 SH Sole 21903 0 0 INVESCO NY QUALITY MUNI SEC COM 46133F109 166 11996 SH Sole 11996 0 0 LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 61 11706 SH Sole 11706 0 0 LMP CAP & INCOME FD INC COM 50208A102 32296 2353930 SH Sole 2353930 0 0 MACQUARIE FT TR GB INF UT DI COM 55607W100 2674 167210 SH Sole 167210 0 0 MCG CAPITAL CORP COM 58047P107 243 39997 SH Sole 39997 0 0 MFA FINANCIAL INC COM 55272X102 80 10000 SH Sole 10000 0 0 MVC CAPITAL INC COM 553829102 20657 1561364 SH Sole 1561364 0 0 NEWCASTLE INVT CORP COM 65105M108 3641 630000 SH Sole 630000 0 0 NORTHSTAR RLTY FIN CORP COM 66704R100 141 35000 SH Sole 35000 0 0 NUVEEN INS CA TX FR ADV MUN COM 670651108 219 17488 SH Sole 17488 0 0 PENNANTPARK FLOATING RATE CA COM 70806A106 321 25316 SH Sole 25316 0 0 PROSPECT CAPITAL CORPORATION COM 74348T102 354 35000 SH Sole 35000 0 0 ROYCE FOCUS TR COM 78080N108 326 41906 SH Sole 41906 0 0 ROYCE MICRO-CAP TR INC COM 780915104 1546 156830 SH Sole 156830 0 0 ROYCE VALUE TR INC COM 780910105 1077 72200 SH Sole 72200 0 0 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 221 6600 SH Sole 6600 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 275 1881 SH Sole 1881 0 0 SPECIAL OPPORTUNITIES FD INC COM 84741T104 535 34207 SH Sole 34207 0 0 SUNAMERICA FCSED ALPHA GRW F COM 867037103 1201 57813 SH Sole 57813 0 0 SUNAMERICA FOCUSE ALPHA LC F COM 867038101 2443 127908 SH Sole 127908 0 0 TICC CAPITAL CORP COM 87244T109 570 59350 SH Sole 59350 0 0 TRUSTCO BK CORP N Y COM 898349105 74 15000 SH Sole 15000 0 0 TS&W CLAYMORE TAX ADVNTG BL COM 87280R108 12486 1098174 SH Sole 1098174 0 0 WISDOMTREE TRUST JP SMALLCP DIV 97717W836 415 9500 SH Sole 9500 0 0 ZWEIG FD COM 989834106 102 29760 SH Sole 29760 0 0 ZWEIG TOTAL RETURN FD INC COM 989837109 16874 4977470 SH Sole 4977470 0 0