0001462180-12-000046.txt : 20120716
0001462180-12-000046.hdr.sgml : 20120716
20120716132211
ACCESSION NUMBER: 0001462180-12-000046
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20120716
DATE AS OF CHANGE: 20120716
GROUP MEMBERS: ANDREW DAKOS
GROUP MEMBERS: BROOKLYN CAPITAL MANAGEMENT, LLC
GROUP MEMBERS: BULLDOG INVESTORS
GROUP MEMBERS: PHILLIP GOLDSTEIN
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: THAI CAPITAL FUND INC
CENTRAL INDEX KEY: 0000861865
IRS NUMBER: 223046513
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-49797
FILM NUMBER: 12963404
BUSINESS ADDRESS:
STREET 1: ONE EVERTRUST PLAZA- 9TH FL
STREET 2: DAIWA SECURITIES TRUST CO
CITY: JERSEY CITY
STATE: NJ
ZIP: 07302-3051
BUSINESS PHONE: 201-915-3054
MAIL ADDRESS:
STREET 1: ONE EVERTRUST PLAZA - 9TH FLOOR
STREET 2: C/O DAIWA SECURITIES TRUST CO
CITY: JERSEY CITY
STATE: NJ
ZIP: 07302-3051
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Bulldog Investors
CENTRAL INDEX KEY: 0001462180
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: PARK 80 WEST PLAZA TWO
STREET 2: SUITE 750
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
BUSINESS PHONE: 201 556-0092
MAIL ADDRESS:
STREET 1: PARK 80 WEST PLAZA TWO
STREET 2: SUITE 750
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
SC 13D
1
third.txt
SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
7/13/12
1. NAME OF REPORTING PERSON
Bulldog Investors, Brooklyn Capital Management,
Phillip Goldstein and Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
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
545,624
8. SHARED VOTING POWER
144,864
9. SOLE DISPOSITIVE POWER
690,488
_______________________________________________________
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
690,488
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
19.37%
14. TYPE OF REPORTING PERSON
IA
_______________________________________________________
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock
of Thai Capital Fund, Inc.
("TF" or the "Issuer").
The principal executive offices of TF are located at
ONE EVERTRUST PLAZA- 9TH FL
DAIWA SECURITIES TRUST CO
JERSEY CITY NJ 07302-3051
Item 2. IDENTITY AND BACKGROUND
This statement is filed on behalf of Bulldog Investors,
Brooklyn Capital Mangement, Phillip Goldstein,
60 Heritage Drive Pleasantville, NY 10570 a principal of Bulldog Investors
and Andrew Dakos, Park 80 West,Saddle Brook, NJ 07663, also a principal
of Bulldog Investors. Mr.Goldstein and Mr. Dakos are self-employed
investment advisors.
On October 17, 2007 the Massachusetts Secretary of State issued a permanent
"obey the law" injunction and fined Bulldog Investors, Messrs. Goldstein and
Dakos and certain related parties (the "Respondents") $25,000 for operating
an open website containing information about certain unregistered
investments and sending an e-mail about such investments to a Massachusetts
resident who requested information. On April 5, 2012, the President signed the
JOBS Act which expressly permits such acts. Consequently, on June 29, 2012,
the Respondents submitted a motion to the Secretary to vacate his order.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of managed
accounts.
ITEM 4. PURPOSE OF TRANSACTION
On July 2, 2012, the Fund announced that (1) a proposal by the Board of
Directors to liquidate the Fund was not approved by the affirmative vote of
the holders of at least 66 2/3% of the outstanding shares of capital stock
at the annual meeting, and (2) the Fund will continue its operations as a
registered investment company in accordance with its stated investment
objective and policies. It also announced that the Board of Directors will
meet to consider what, if any, steps to take in the best interests of the
Fund and its stockholders.
The filing group believes that the overwhelming majority of votes cast at the
meeting were in favor of the liquidation proposal. Therefore, it believes the
status quo is unacceptable and that Board has a fiduciary duty to act promptly
to afford stockholders liquidity at or close to net asset value. Should the
Board fail to act promptly, the filing group may consider other options
including seeking representation on the Board.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As per the N-CSRS filed on March 9, 2012 there were 3,564,814 shares of
common stock outstanding as of December 31, 2011 The percentage set forth in
item 5 was derived using such number. Bulldog Investors, Brooklyn Capital
Management, Phillip Goldstein and Andrew Dakos beneficially own an aggregate
of 690,488 shares of TF or 19.37% of the outstanding shares.Power to dispose
of and vote securities resides either with Mr. Goldstein, Mr. Dakos or with
clients.
c) During the past 60 days the following shares of TF were purchased:
Date: Shares: Price:
05/15/12 8 11.2500
05/16/12 300 11.1000
05/17/12 19,101 11.1445
05/18/12 400 10.9500
05/21/12 2,000 10.8500
05/22/12 4,801 10.7500
05/25/12 24,800 10.6401
05/29/12 24,522 10.8495
05/30/12 15,040 10.6491
05/31/12 6,408 10.6178
06/07/12 13,951 10.5957
06/13/12 13,741 11.0186
07/06/12 51,400 10.4921
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: 7/16/2012
By: /s/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos