-----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, S2UUFZ4UOvROsb+ggo91ljxJ0dWkXch+ChGKWz2qwvPQLoR7yqMO8e7W9gDwK9X0 1F866AHzssq0paw0TF4oHA== 0000950152-05-008979.txt : 20051109 0000950152-05-008979.hdr.sgml : 20051109 20051109102609 ACCESSION NUMBER: 0000950152-05-008979 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20051109 DATE AS OF CHANGE: 20051109 GROUP MEMBERS: BRUNO SANGLE-FERRIERE GROUP MEMBERS: CARROUSEL CAPITAL LTD. GROUP MEMBERS: THE CARROUSEL FUND II LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BRAZIL FUND INC CENTRAL INDEX KEY: 0000820028 IRS NUMBER: 046576929 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39510 FILM NUMBER: 051188211 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154 BUSINESS PHONE: 1-800-349-4281 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CARROUSEL FUND LTD CENTRAL INDEX KEY: 0001227893 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: WALKER HOUSE PO BOX 265GT MARY ST STREET 2: GEORGETOWN GRAND CAYMAN CITY: CAYMAN ISLANDS STATE: E9 ZIP: 00000 BUSINESS PHONE: 442078237044 MAIL ADDRESS: STREET 1: WALKER HOUSE PO BOX 265GT MARY ST STREET 2: GEORGETOWN GRAND CAYMAN CITY: CAYMAN ISLANDS STATE: E9 ZIP: 00000 SC 13D/A 1 l16916asc13dza.txt THE BRAZIL FUND, INC./THE CARROUSEL FUND LTD. SC 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 3)* The Brazil Fund, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 par value per share - -------------------------------------------------------------------------------- (Title and Class of Securities) 105759104 - -------------------------------------------------------------------------------- (CUSIP Number) Bruno Sangle-Ferriere Carrousel Capital Ltd. 203-205 Brampton Road London SW3 1LA +44 20 7823 7044 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 7, 2005 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that Section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on following pages) (Page 1 of 7 Pages) CUSIP No. 105759104 SCHEDULE 13D PAGE 2 OF 7 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The Carrousel Fund Ltd. 2 CHECK THE APPROPRIATE BOX IF A 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 ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------------- NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 478,900 OWNED BY -------------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 478,900 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO; IV(1) - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - ---------- (1)Not registered under the Investment Company Act of 1940. CUSIP No. 105759104 SCHEDULE 13D PAGE 3 OF 7 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The Carrousel Fund II Limited - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A 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 ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------------- NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 470,400 OWNED BY -------------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 470,400 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO; IV(1) - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - ---------- (1)Not registered under the Investment Company Act of 1940. CUSIP No. 105759104 SCHEDULE 13D PAGE 4 OF 7 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Carrousel Capital Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 949,485 OWNED BY -------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 949,485 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 949,485 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO; IA(1) - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - ---------------- (1) Not registered under the Investment Advisers Act of 1940. CUSIP No. 105759104 SCHEDULE 13D PAGE 5 OF 7 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bruno Sangle-Ferriere - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION France - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 -------------------------------------------------------- NUMBER OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 949,485 OWNED BY -------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 949,485 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 949,485 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 105759104 SCHEDULE 13D PAGE 6 OF 7 PAGES - -------------------------------------------------------------------------------- ITEM 1. SECURITY AND ISSUER. This Amendment No. 3 to the statement on Schedule 13D amends Items 4 and 7 of the statement on Schedule 13D originally filed by: (a) The Carrousel Fund Ltd. ("Carrousel Fund I"), (b) The Carrousel Fund II Limited ("Carrousel Fund II"), (c) Carrousel Capital Ltd. ("Carrousel"), and (d) Bruno Sangle-Ferriere ("Sangle-Ferriere" and, collectively with Carrousel Fund I, Carrousel Fund II and Carrousel Capital, the "Reporting Persons") with the Securities and Exchange Commission on September 16, 2005 and amended by Amendment No. 1 filed on October 21, 2005 and Amendment No. 2 filed on November 7, 2005, which relate to the shares of common stock, $0.01 par value per share, of The Brazil Fund, Inc., a Maryland corporation (the "Fund"). The principal executive offices of the Fund are located at 345 Park Avenue, New York, New York 10154. ITEM 4. PURPOSE OF TRANSACTION. Item 4 is hereby amended by adding the following: In accordance with Section 2.11 of the Fund's Restated By-Laws, Carrousel notified the Fund in writing on November 7, 2005 (the "Special Meeting Letter") that it intended to appear in person or by proxy to nominate each of Francis Rupert Chad Lea, James Best and Gordon Muir-Carby for election as directors of the Fund at the Fund's Special Meeting of Stockholders to take place on December 13, 2005 in place of Ms. Donna J. Hrinak, Mr. Ronaldo Norueira and Ms. Susan Purcell, the three Class III candidates who did not receive the requisite vote to be re-elected at the 2004 Annual Meeting and are holding over. The Special Meeting Letter contained substantially the same information about the nominees as the 2005 Nomination Letter. The foregoing description of the Special Meeting Letter is not intended to be complete and is qualified in its entirety by the complete text of the Special Meeting Letter, which is filed as Exhibit H hereto and is incorporated herein by reference. Other than as set forth above, none of the Reporting Persons or, in the case of non-individual Reporting Persons, any of their directors or executive officers identified in Item 2, have any present plans or proposals which relate to or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D (although they reserve the right to develop any such plans or proposals). ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Item 7 is hereby amended by adding the following: Exhibit H. Letter, dated November 7, 2005, from Carrousel Capital Ltd. to the Secretary of The Brazil Fund, Inc. CUSIP No. 105759104 SCHEDULE 13D PAGE 7 OF 7 PAGES - -------------------------------------------------------------------------------- SIGNATURE 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: November 9, 2005 THE CARROUSEL FUND LTD. By: /s/ Bruno Sangle-Ferriere --------------------------------- Name: Bruno Sangle-Ferriere Title: Attorney-in-fact THE CARROUSEL FUND II LIMITED By: /s/ Bruno Sangle-Ferriere --------------------------------- Name: Bruno Sangle-Ferriere Title: Attorney-in-fact CARROUSEL CAPITAL LTD. By: /s/ Bruno Sangle-Ferriere --------------------------------- Name: Bruno Sangle-Ferriere Title: Director /s/ Bruno Sangle-Ferriere --------------------------------- Bruno Sangle-Ferriere EX-99.A 2 l16916aexv99wa.txt EXHIBIT 99(A) EXHIBIT H [CARROUSEL CAPITAL LTD LOGO] Carrousel Capital Ltd, 203-205 Brompton Road, London SW3 1LA - Tel: +44 20 7823 7070 - Fax: +44 20 7823 7062 info@carrouselcapital.com - www.carrouselcapital.com November 7, 2005 VIA HAND DELIVERY Ms Carole Coleman Secretary of The Brazil Fund, Inc. c/o Deutsche Investment Management Americas Inc. 345 Park Avenue New York, New York 10154 RE: THE BRAZIL FUND, INC.: NOMINATION OF DIRECTORS Dear Ms Coleman, In accordance with Section 2.11 of the Restated By-Laws of The Brazil Fund, Inc. (the "Fund"), Carrousel Capital Ltd. ("Carrousel") hereby notifies you of its intent to appear in person or by proxy to nominate the following persons for election as Directors at the Special Meeting of Stockholders called for December 13, 2005 ("the Special Meeting") in place of Ms Donna J. Hrinak (who on October 11, 2005 replaced Mr Vincent Esposito), Mr Ronaldo Norueira and Ms Susan Purcell, the three Class III candidates for election as Directors who did not receive the requisite vote to be re-elected at the 2004 Annual Meeting: 1. Francis Rupert Chad Lea 2. James Best 3. Gordon Muir-Carby Annex A hereto sets forth information concerning each such nominee that is required to be included in this notice pursuant to Section 2.11 of the Fund's By-Laws. Except as set forth in Annex A, no other information regarding the nominees is required pursuant to Regulation 14A promulgated under the Securities Act of 1934. Carrousel is the record holder of 185 shares of the Fund's Common Stock, and the beneficial owner of 949,485 shares of the Fund's Common Stock, as of November 7, 2005. Carrousel's address is 203-205 Brompton Road, London SW3 1LA England. Although Carrousel has no reason to believe that the above-named nominees will not serve if elected, Carrousel reserves the right to substitute any of the above-named nominees, prior to the Special Meeting, with another nominee of Carrousel's choosing that possesses the requisite qualifications pursuant to the Fund's By-Laws. In that event, Carrousel will provide notice to you as soon as practicable. Registered in England No. 4046934 o Carrousel Capital is authorised and regulated by the Financial Services Authority Carrousel has entered into Indemnification Agreements with each of the nominees indemnifying each of them with respect to their nomination. Enclosed are executed letters from each of the above nominees consenting to being nominated for election as a Director of the Fund and to serving as a director of the Fund if elected at such meeting. If any further information is required concerning any of Carrousel's nominees, please do not hesitate to contact us. Sincerely, CARROUSEL CAPITAL LTD By: /s/ Bruno Sangle-Ferriere ------------------------- Name: Bruno Sangle-Ferriere Title: Director ANNEX A NOMINEE INFORMATION FRANCIS RUPERT CHAD LEA Age: 47 years Business Address: 1 Bow Churchyard, London EC4M 9DQ, England Principal Occupation: Financial Consultant, MSS Capital Ltd Residence Address: Duxford Mill, Mill Lane, Duxford, Cambridge CB2 4PT, UK Beneficial Ownership of Shares of Common Stock of the Fund: None. Business Experience During the Last Five Years: Financial Consultant, MSS Capital Ltd, an investment adviser (2003-present); Sales Consultant, Laxey Partners (U.K.) Ltd, an investment management company (2000- 2003); Director, Head of Equities, Closed End Funds, ABN AMRO (1999-2000). Current Directorships: Thai Prime Fund Limited Other Information relating to the Nominee: Mr. Lea will not receive any compensation from Carrousel for his services as a director of the Fund. Mr. Lea has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors) over the past ten years. Mr. Lea is not adverse to the Fund or any of its subsidiaries in any material pending legal proceedings. Mr. Lea is not an interested person of the Fund as defined in the Investment Company Act of 1940, as amended. Pursuant to a consultancy agreement, Lea Green Ltd. (an entity of which Mr. Lea is the sole beneficiary) has agreed to assist an affiliated entity of Carrousel in seeking to cause the Fund to take certain corporate actions with a view to enhancing shareholder value. JAMES BEST Age: 57 years Business Address: 63 Chandos Place, London WC2, England Principal Occupation: Financial Consultant, Best & Company Residence Address: Rossie Priory, Inchture, Pershire PH14 9SG, Scotland Beneficial Ownership of Shares of Common Stock of the Fund: None. Business Experience During the Last Five Years: Financial Consultant, Best & Company (2004 to present); Managing Director, UBS (2000-2004) Current Directorships: N/A Other Information relating to the Nominee: Mr. Best will not receive any compensation from Carrousel for his services as a director of the Fund. Mr. Best has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors) over the past ten years. Mr. Best is not adverse to the Fund or any of its subsidiaries in any material pending legal proceedings. Mr. Best is not an interested person of the Fund as defined in the Investment Company Act of 1940, as amended. GORDON MUIR-CARBY Age: 49 Business Address: 1 Berkeley Street, London, W1J 8DS Principal Occupation: Chairman, Muir & Co Ltd Residence Address: 711 Spice Quay, London, England Beneficial Ownership of Shares of Common Stock of the Fund: None Business Experience During the Last Five Years; Chairman, Muir & Co Ltd (2003-present); Chairman, Metropol (UK) Ltd (2000-2003) Head of European Emerging Markets, HSBC (1997-2000) Current Directorships: N/A Other Information relating to the Nominee: Mr. Muir-Carby will not receive any compensation from Carrousel for his services as a director of the Fund. Mr. Muir-Carby has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors) over the past ten years. Mr. Muir-Carby is not adverse to the Fund or any of its subsidiaries in any material pending legal proceedings. Mr. Muir-Carby is not an interested person of the Fund as defined in the Investment Company Act of 1940, as amended. DIRECTOR NOMINEE CONSENT The Brazil Fund, Inc. 345 Park Avenue New York New York 10154 Attention: Secretary The undersigned understands that Carrousel Capital Limited ("Carrousel") has informed The Brazil Fund, Inc. (the "Company") that Carrousel intends to nominate the undersigned for election to the Board of Directors of the Company at its 2005 special meeting of stockholders of the Company to be held on or around December 13, 2005. The undersigned hereby consents to being named as a nominee in a proxy statement for the Company's special meeting of stockholders and to serve as a director of the Company if elected. /s/ Francis Rupert Chad Lea ----------------------------- Name: Francis Rupert Chad Lea November 7, 2005 DIRECTOR NOMINEE CONSENT The Brazil Fund, Inc. 345 Park Avenue New York New York 10154 Attention: Secretary The undersigned understands that Carrousel Capital Limited ("Carrousel") has informed The Brazil Fund, Inc. (the "Company") that Carrousel intends to nominate the undersigned for election to the Board of Directors of the Company at its 2005 special meeting of stockholders of the Company to be held on or around December 13, 2005. The undersigned hereby consents to being named as a nominee in a proxy statement for the Company's special meeting of stockholders and to serve as a director of the Company if elected. /s/ James Best ------------------------- Name: James Best November 7, 2005 DIRECTOR NOMINEE CONSENT The Brazil Fund, Inc. 345 Park Avenue New York New York 10154 Attention: Secretary The undersigned understands that Carrousel Capital Limited ("Carrousel") has informed The Brazil Fund, Inc. (the "Company") that Carrousel intends to nominate the undersigned for election to the Board of Directors of the Company at its 2005 special meeting of stockholders of the Company to be held on or around December 13, 2005. The undersigned hereby consents to being named as a nominee in a proxy statement for the Company's special meeting of stockholders and to serve as a director of the Company if elected. /s/ Gordon Muir - Carby ------------------------- Name: Gordon Muir - Carby November 7, 2005 -----END PRIVACY-ENHANCED MESSAGE-----