-----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, WLewYnMlzbNpJZORAhHxGi9s/UUB/x8Lsu9gE6jMa38IjqveZ0nR/gmXN59h3Hym 6nE/FnCFZCJUOU/lF/0gDg== 0000896017-05-000019.txt : 20050420 0000896017-05-000019.hdr.sgml : 20050420 20050420151735 ACCESSION NUMBER: 0000896017-05-000019 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050420 DATE AS OF CHANGE: 20050420 GROUP MEMBERS: ARTHUR D. LIPSON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ZWEIG FUND INC /MD/ CENTRAL INDEX KEY: 0000812090 IRS NUMBER: 133353326 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-80674 FILM NUMBER: 05761849 BUSINESS ADDRESS: STREET 1: C/O ZWEIG/GLASER ADVISORS STREET 2: 5 HANOVER SQ. CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 212-510-0360 MAIL ADDRESS: STREET 1: C/O ZWEIG/GLASER ADVISORS STREET 2: 5 HANOVER SQ. CITY: NEW YORK STATE: NY ZIP: 10004 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OPPORTUNITY PARTNERS L P CENTRAL INDEX KEY: 0000896017 IRS NUMBER: 113132092 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 60 HERITAGE DRIVE CITY: PLESANTVILLE STATE: NY ZIP: 10570 BUSINESS PHONE: 9147475262 MAIL ADDRESS: STREET 1: 60 HERITAGE DRIVE CITY: PLEASANTVILLE STATE: NY ZIP: 10570 SC 13D 1 scheduled.txt SCHEDULE 13D DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 4/11/2005 1. NAME OF REPORTING PERSON Phillip Goldstein, Western Investment LLC, Arthur D. Lipson 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS NA 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION NA 7. SOLE VOTING POWER NA 8. SHARED VOTING POWER NA 9. SOLE DISPOSITIVE POWER NA 10. SHARED DISPOSITIVE POWER NA 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 4,394,314 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 6.0% 14. TYPE OF REPORTING PERSON NA ________________________________________________________________ 1. NAME OF REPORTING PERSON Phillip Goldstein 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 929,300 8. SHARED VOTING POWER 75,799 9. SOLE DISPOSITIVE POWER 2,460,848 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 2,460,848 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 3.36% 14. TYPE OF REPORTING PERSON IA ________________________________________________________________ 1. NAME OF REPORTING PERSON Western Investment LLC 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 Incorporated in Delaware 7. SOLE VOTING POWER 1,902,600 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 1,902,600 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,902,600 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 2.6% 14. TYPE OF REPORTING PERSON 00 ________________________________________________________________ 1. NAME OF REPORTING PERSON Arthur D. Lipson 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS OO 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 30,866 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 30,866 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 30,866 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 ..04% 14. TYPE OF REPORTING PERSON IN ________________________________________________________________ ITEM 1. SECURITY AND ISSUER This statement relates to shares of the Common Stock of The Zweig Fund, Inc. ( "Issuer"). The address of the principal executive offices of the Issuer is 900 Third Avenue, New York, New York 10022. ITEM 2. IDENTITY AND BACKGROUND (a) This statement is filed by Phillip Goldstein, Western Investment L L C, a Delaware limited liability company ("WILLC"), Arthur D. Lipson, Western Investment Hedged Partners LP, a Delaware limited partnership ("WIHP"),and Western Investment Activism Partners L L C ("WIAP"), a Delaware limited liability company. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." WILLC has sole voting and investment power over WIHP's, and WIAP's security holdings and Mr. Lipson, in his role as the managing member of WILLC, controls WILLC's voting and investment decisions. (b) The business address for Phillip Goldstein is 60 Heritage Drive, Pleasantville, NY 10570. The principal business address for WILLC, WIHP and WIAP is 2855 East Cottonwood Parkway, Suite 110; Salt Lake City, UT 84121. (c) Phillip Goldstein is a self-employed investment advisor. He is also President of Kimball and Winthrop, Inc., an investment advisory firm. The principal business of WILLC is acting as the general partner and managing member of WIHP and WIAP. The principal occupation of Arthur D. Lipson is acting as managing member of WILLC. The principal business of WIHP and WIAP is the business of acquiring, holding and disposing of investments in various companies. (d) No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or 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) All reporting persons are United States citizens. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION: The source of funds for the purchases of Shares is working capital, funds from accounts managed by the reporting persons or from margin loans from broker dealers where the accounts are held. ITEM 4. PURPOSE OF TRANSACTION On 4/11/2005 the reporting persons filed preliminary proxy materials with the Securities and Exchange Commission. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The aggregate percentage of Shares reported owned by each person named herein is based upon 73,233,013 shares outstanding as of March 8, 2005 as reported in the Issuer's Proxy Statement filed with the Securities and Exchange Commission on April 4, 2005. WIHP and WIAP beneficially owned 1,727,700 and 174,900 shares respectively, representing 2.36% and .24%, respectively, of the Shares outstanding. WILLC beneficially owned 1,902,600 Shares constituting approximately 2.6% of the Shares outstanding. Mr. Lipson beneficially owned 30,866 shares or .04% of the shares outstanding. As the general partner or managing member, as the case may be, of WIHP and WIAP, WILLC may be deemed to beneficially own the 1,902,600 Shares beneficially owned in the aggregate by WIHP and WIAP. As the managing member of WILLC, Mr. Lipson may be deeemd to beneficially own the 1,933,466 Shares beneficially owned by WILLC and Mr. Lipson. (b) For WILLC, WIHP, WIAP and Arhtur D. Lipson each reporting Person is deemed to have sole voting and dispositive power over the Shares reported as beneficially owned by virtue of their respective positions as described in paragraph (a). Mr. Goldstein is deemed to have sole voting power over 929,300 shares or 1.27% of shares outstanding, joint voting for 75,799 shares or .1% of shares outstanding and sole dispositive power for 2,460,848 shares or 3.36% of shares outstanding. (c). During the last sixty days the following shares of common stock were purchased: WIHP 2/18/05 15,900 @ 5.42 2/22/05 6,000 @ 5.44 2/23/05 4800 @ 5.41 There were no sales. (d) No person other than the Reporting Persons and their clients are known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER NONE. ITEM 7. Exhibit 1. Joint Filing Agreement 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: 4/20/05 By: /s/ Phillip Goldstein - ------------------------- Name: Phillip Goldstein WESTERN INVESTMENT L L C By: /s/ Arthur D. Lipson, Sole Member WESTERN INVESTMENT HEDGED PARTNERS LP By: Western Investment L L C, its General Partner By: /s/ Arthur D. Lipson, Managing Member WESTERN INVESTMENT ACTIVISM PARTNERS L L C By: Western Investment L L C, its Managing Member By: /s/ Arthur D. Lipson, Managing Member /s/ Arthur D. Lipson ___________________________ ARTHUR D. LIPSON Exhibit 1. JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D dated April 20, 2005 (including amendments thereto) with respect to the Common Stock of The Zweig Fund, Inc. This Joint Filing Agreement shall be filed as an Exhibit to such Statement. Dated: April 20, 2005 By: /s/ Phillip Goldstein - ------------------------- Name: Phillip Goldstein WESTERN INVESTMENT L L C By: /s/ Arthur D. Lipson, Sole Member WESTERN INVESTMENT HEDGED PARTNERS LP By: Western Investment L L C, its General Partner By: /s/ Arthur D. Lipson, Managing Member WESTERN INVESTMENT ACTIVISM PARTNERS L L C By: Western Investment L L C, its Managing Member By: /s/ Arthur D. Lipson, Managing Member /s/ Arthur D. Lipson ARTHUR D. LIPSON -----END PRIVACY-ENHANCED MESSAGE-----