-----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, Q4+9RfHgiUQ8qWl8/GGlyRcELiNy2Ezf5BV1cMFkynj3tckW1EbARfe2zV9h2O6e ypA2SH4ubC4FffYGysn2NQ== 0001364773-08-000003.txt : 20080219 0001364773-08-000003.hdr.sgml : 20080218 20080215180828 ACCESSION NUMBER: 0001364773-08-000003 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080219 DATE AS OF CHANGE: 20080215 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: PHILLIP GOLDSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Claymore/Raymond James SB-1 Equity Fund CENTRAL INDEX KEY: 0001355762 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-83107 FILM NUMBER: 08624057 BUSINESS ADDRESS: STREET 1: 2544 CORPORATE WEST DRIVE CITY: LISLE STATE: IL ZIP: 60532 BUSINESS PHONE: 6305053700 MAIL ADDRESS: STREET 1: 2544 CORPORATE WEST DRIVE CITY: LISLE STATE: IL ZIP: 60532 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bulldog Investors General Partnership CENTRAL INDEX KEY: 0001364773 IRS NUMBER: 562585535 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 60 HERITAGE DRIVE CITY: PLEASANTVILLE STATE: NY ZIP: 10570 BUSINESS PHONE: 9147475262 MAIL ADDRESS: STREET 1: 60 HERITAGE DRIVE CITY: PLEASANTVILLE STATE: NY ZIP: 10570 SC 13D 1 third.txt DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 2/4/08 1. NAME OF REPORTING PERSON Bulldog Investors General Partnership and Phillip Goldstein 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[ ] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA 7. SOLE VOTING POWER 2,318,306 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 2,318,306 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 2,318,806 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 20.84% 14. TYPE OF REPORTING PERSON IA Item 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Common Stock of Claymore/Raymond James SB-1 Equity Fund ("RYJ" or the "Issuer"). The principal executive offices of RYJ are located at 2544 Corporate West Drive, Lisle IL 60532. Item 2. IDENTITY AND BACKGROUND This statement is filed on behalf of Bulldog Investors General Partnership ("BIGP"), 60 Heritage Drive, Pleasantville, NY 10570. BIGP is a general partnership whose business is to make investments and to take actions deemed necessary to increase the value of its investments. The managing general partner of BIGP is Kimball and Winthrop, Inc., 60 Heritage Drive, Pleasantville, NY 10570. Phillip Goldstein is President of Kimball and Winthrop, Inc. During the past 5 years none of the above has been convicted in a criminal proceeding, nor been party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which they were or are 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. Each of the above are United States citizens. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS Shares of the Issuer have been accumulated on behalf of BIGP and other managed accounts. ITEM 4. PURPOSE OF TRANSACTION The group owns more than 20% of the Fund?s outstanding shares. As a result, the filing persons are required to file a schedule 13D. The filing persons acquired their shares for investment purposes. They recently proposed to the Fund?s management that before the 2008 annual shareholder meeting is called it should consider whether the automatic open-end fund conversion provision should be modified in light of the Fund?s persistent trading discount (which has hovered at about 10%) since the commencement of the provision?s measurement period in October 2007. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER As per the Annual report dated August 31, 2007 there were 11,122,822 shares of common stock outstanding. The percentage set forth in item 5 was derived using such number. a) BIGP and other accounts managed by Phillip Goldstein beneficially own an aggregate of 2,318,306 shares of RYJ or 20.84% of the outstanding shares. b) Power to vote and dispose of securities resides either with Mr. Goldstein or clients. c) During the past 60 days the following shares of RYJ were purchased, unless previously reported (there were no sales): trade date # shares Price ($) 12/17/2007 36700 18.695 12/18/2007 16400 18.5446 12/20/2007 1300 18.65 12/26/2007 11195 17.7776 12/27/2007 15500 17.7517 1/2/2008 9,720 17.2756 1/4/2008 3,000 16.6417 1/7/2008 1,000 16.4000 1/8/2008 5,000 16.3200 1/9/2008 6,200 15.8666 1/11/2008 6,050 16.0792 1/14/2008 1,325 16.0306 1/15/2008 9,500 15.8316 1/16/2008 9,100 15.6586 1/17/2008 11,500 15.6987 1/18/2008 12,400 15.1958 1/22/2008 1,200 14.8000 1/22/2008 25,000 15.0991 1/23/2008 25,000 14.8026 1/24/2008 25,000 15.7656 1/25/2008 7,400 15.7396 1/28/2008 4,351 15.8839 1/29/2008 4,300 16.0633 1/30/2008 2,050 15.9951 1/31/2008 5,055 15.8722 2/1/2008 9,300 16.4865 2/4/2008 17,700 16.5288 2/5/2008 13,500 16.1730 2/6/2008 1,800 15.8400 2/7/2008 100 15.7500 2/8/2008 5,000 15.9854 2/11/2008 7,900 16.1448 2/12/2008 11,853 16.2759 2/13/2008 23,000 16.4373 2/14/2008 25,000 16.3307 d) Beneficiaries of managed accounts are entitled to receive any dividends or sales proceeds. e) NA ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS None. 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. Dated: 2/15/08 By: /s/ Phillip Goldstein Name: Phillip Goldstein President, Kimball and Winthrop, Inc. Managing General Partner, BIGP -----END PRIVACY-ENHANCED MESSAGE-----