0001048703-05-000048.txt : 20120629
0001048703-05-000048.hdr.sgml : 20120629
20050309142958
ACCESSION NUMBER: 0001048703-05-000048
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050309
DATE AS OF CHANGE: 20050309
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: SELIGMAN QUALITY MUNICIPAL FUND INC
CENTRAL INDEX KEY: 0000862813
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-61515
FILM NUMBER: 05669051
BUSINESS ADDRESS:
STREET 1: 100 PARK AVENUE
STREET 2: 7TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 2124480200
MAIL ADDRESS:
STREET 1: 100 PARK AVENUE
STREET 2: 7TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: KARPUS MANAGEMENT INC
CENTRAL INDEX KEY: 0001048703
IRS NUMBER: 161290550
STATE OF INCORPORATION: NY
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 14 TOBEY VILLAGE OFFICE PARK
CITY: PITTSFORD
STATE: NY
ZIP: 14534
BUSINESS PHONE: 7165864680
SC 13D/A
1
sqf03-05.txt
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No 42)
Under the Securities and Exchange Act of 1934
Seligman Quality Municipal Fund, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
816343107
(CUSIP Number)
George W. Karpus, President
Karpus Management, Inc. d/b/a
Karpus Investment Management
183 Sullys Trail
Pittsford, New York 14534
(585) 586-4680
(Name, Address, and Telephone Number of Person Authorized to Receive
Notices and Communications)
March 09, 2005
(Date of Event which Requires Filing of this Statement)
If the person has previously filed a statement on Schedule 13G to
report the Acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1 (b) (3) or (4), check
the following box. [ ]
(Page 1 of 4 pages)
There are no exhibits.
ITEM 1 Security and Issuer
Common Stock
Seligman Quality Municipal Fund
J.&W. Seligman & Co. Incorporated
100 Park Ave.
New York, NY 10017
ITEM 2 Identity and Background
a) Karpus Management, Inc. d/b/a Karpus Investment
Management (?KIM?)
George W. Karpus, President, Director and Controlling
Stockholder
JoAnn VanDegriff, Vice President and Director
Sophie Karpus, Director
b) 183 Sullys Trail
Pittsford, New York 14534
c) Principal business and occupation - Investment Management
for individuals, pension and profit sharing plans, corporations,
endowments, trust and others, specializing in conservative asset
management (i.e. fixed income investments).
d) None of George W. Karpus, JoAnn VanDegriff, or Sophie
Karpus (?the Principals?) or KIM has been convicted in the past
five years of any criminal proceeding (excluding traffic
violations).
e) During the last five years none of the principals or KIM has
been a party to a civil proceeding as a result of which any of them
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) Each of the Principals is a United States citizen.
KIM is a New York corporation.
ITEM 3 Source and Amount of Funds or Other Considerations
KIM, an independent investment advisor, has accumulated shares
of SQF on behalf of accounts that are managed by KIM (?the
Accounts?) under limited powers of attorney. All funds that
have been utilized in making such purchases are from such
Accounts.
ITEM 4 Purpose of Transaction
KIM has purchased Shares for investment purposes. Being
primarily a fixed income manager, with a specialty focus in the
closed end fund sector, the profile of SQF fit the investment
guidelines for various Accounts. Shares have been acquired
since December 7, 1999. .
ITEM 5 Interest in Securities of the Issuer
A) As of the date of this Report, KIM owns 318,165 shares,
which represents 6.74 % of the outstanding Shares. George Karpus
presently owns 4,000 shares purchased on May 10, 2004 at $11.77 (1500
shares), May 11 at $ 11.77 (1000 shares), and May 12 at $11.76 (1500
shares). Karpus Management Inc. currently owns 1500 shares purchased
on October 20, 2004 at $ 12.47. None of the other Principals of KIM
presently owns shares of SQF.
b) KIM has the sole power to dispose of and to vote all of such
Shares under limited powers of attorney.
c) Open market purchases for the last 60 days for the Accounts.
There have been no dispositions and no acquisitions, other than
by such open market purchases,
DATE
SHARES
PRICE PER
DATE
SHARES
PRICE PER
SHARE
SHARE
1/13/2005
1000
12.35
2/4/2005
7700
12.48
1/26/2005
600
12.40
2/4/2005
-6500
12.47
1/27/2005
600
12.38
2/9/2005
300
12.50
2/18/2005
2100
12.31
2/22/2005
100
12.21
The Accounts have the right to receive all dividends from, any
proceeds from the sale of the Shares. KIM reserves the right to
further accumulate or sell shares. None of the Accounts has an
interest in shares constituting more than 5% of the Shares
outstanding.
ITEM 6 Contracts, Arrangements, Understandings, or Relationships
with Respect to Securities of the Issuer.
Except as described above, there are no contracts,
arrangements, understandings or relationships of any kind
among the Principals and KIM and between any of them and any
other person with respect to any of SQF Securities.
ITEM 7 Materials to be Filed as Exhibits
Not applicable.
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.
Karpus Management, Inc.
March 09, 2005 By:________________________
Date Signature
DANA R. CONSLER, SENIOR VICE PRESIDENT
Name/Title