0001072613-05-000886.txt : 20120625
0001072613-05-000886.hdr.sgml : 20120625
20050411160111
ACCESSION NUMBER: 0001072613-05-000886
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050411
DATE AS OF CHANGE: 20050411
GROUP MEMBERS: CITY OF LONDON INVESTMENT MANAGEMENT LIMITED
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: FIRST ISRAEL FUND INC
CENTRAL INDEX KEY: 0000865277
IRS NUMBER: 061302759
STATE OF INCORPORATION: MD
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-54927
FILM NUMBER: 05744102
BUSINESS ADDRESS:
STREET 1: C/O CREDIT SUISSE ASSET MGMT, LLC
STREET 2: 466 LEXINGTON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 2128753500
MAIL ADDRESS:
STREET 1: CREDIT SUISSE ASSET MGMT, LLC
STREET 2: 466 LEXINGTON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10017
FORMER COMPANY:
FORMER CONFORMED NAME: ISRAEL CAPITAL FUND INC
DATE OF NAME CHANGE: 19900826
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: CITY OF LONDON INVESTMENT GROUP PLC
CENTRAL INDEX KEY: 0001018138
STATE OF INCORPORATION: X0
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: 10 EASTCHEAP
STREET 2: LONDON ENGLAND EC3MLAJ
CITY: LONDON
BUSINESS PHONE: 011441717110771
MAIL ADDRESS:
STREET 1: 10 EASTCHEAP
STREET 2: LONDON ENLAND EC3MLAJ
CITY: LONDON
FORMER COMPANY:
FORMER CONFORMED NAME: OLLIFF & PARTNERS PLC
DATE OF NAME CHANGE: 19960705
SC 13G
1
israel-sc13g_13416.txt
THE FIRST ISRAEL FUND, INC. SCHEDULE 13G
================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
The First Israel Fund, Inc
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
32063L100
--------------------------------------------------------------------------------
(CUSIP Number)
March 31, 2005
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
* 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 in 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).
================================================================================
------------------- -----------------
CUSIP No. 32063L100 13G Page 2 of 8 Pages
------------------- -----------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CITY OF LONDON INVESTMENT GROUP PLC, A COMPANY INCORPORATED UNDER THE LAWS
OF ENGLAND AND WALES
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
GREAT BRITAIN
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 450,909
SHARES ------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
450,909
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
450,909
--------------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |_|
CERTAIN SHARES
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.59%
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12. TYPE OF REPORTING PERSON
HC
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CUSIP No. 32063L100 13G Page 3 of 8 Pages
------------------- -----------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED, A COMPANY
INCORPORATED UNDER THE LAWS OF ENGLAND AND WALES
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
GREAT BRITAIN
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 450,909
SHARES ------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
450,909
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
450,909
--------------------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |_|
CERTAIN SHARES
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.59%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IA
--------------------------------------------------------------------------------
------------------- -----------------
CUSIP No. 32063L100 13G Page 4 of 8 Pages
------------------- -----------------
ITEM 1(A). NAME OF ISSUER:
The First Israel Fund, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
The principal executive offices of the Fund are located at Credit
Suisse Asset Management, LLC, 466 Lexington Avenue New York, NY
10017 USA.
ITEM 2(A). NAME OF PERSON FILING:
This statement is being filed by City of London Investment Group
PLC ("CLIG") and City of London Investment Management Company
Limited ("CLIM," and together with CLIG, the "Reporting Persons").
The principal business of CLIG is serving as the parent holding
company for the City of London group of companies, including CLIM.
CLIM is an emerging markets fund manager which specializes in
investing in closed-end investment companies and is a registered
investment adviser under Section 203 of the Investment Advisers
Act of 1940. CLIM is controlled by CLIG. CLIM is principally
engaged in the business of providing investment advisory services
to various public and private investment funds, including The
Emerging World Fund ("EWF"), a Dublin, Ireland-listed open-ended
investment company, Emerging Markets Country Fund ("GEM"), a
private investment fund organized as a Delaware business trust,
Investable Emerging Markets Country Fund ("IEM"), a private
investment fund organized as a Delaware business trust, Emerging
Free Markets Country Fund ("Free"), a private investment fund
organized as a Delaware business trust, GFM (Institutional)
Emerging Markets Country Fund ("GFM"), an open-ended fund
organized under the laws of the Province of Ontario, Tradex Global
Equity Fund ("Tradex"), an Ontario mutual fund and four segregated
accounts.
CLIG also controls City of London Quantitative Management Ltd.
("CLQM"), which acts as an investment adviser to Global
Optimization Fondo de Inversion Internacional ("Global"), a
closed-end fund organized under the laws of Chile. EWF, GEM, IEM,
MPEM, GFM, and Global are referred to herein as the "City of
London Funds."
The Shares to which this Schedule 13G relates are owned directly
by the City of London Funds and segregated accounts.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Address for CLIG and CLIM:
------------------- -----------------
CUSIP No. 32063L100 13G Page 5 of 8 Pages
------------------- -----------------
10 Eastcheap
London EC3M 1LX
England
ITEM 2(C). CITIZENSHIP:
CLIG - Great Britain
CLIM - Great Britain
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.001 per share
ITEM 2(E). CUSIP NUMBER:
32063L100
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B)
OR (C), CHECK WHETHER THE PERSON FILING IS A:
(a) |_| Broker or dealer registered under Section 15 of the Act
(15 U.S.C. 78o).
(b) |_| Bank as defined in Section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) |_| Insurance company as defined in Section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) |_| Investment company registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) |X| An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E) (for CLIM);
(f) |_| An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) |X| A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G) (for CLIG);
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
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CUSIP No. 32063L100 13G Page 6 of 8 Pages
------------------- -----------------
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act (15 U.S.C. 80a-3);
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
For CLIG and CLIM:
(a) Amount beneficially owned:
450,909
(b) Percent of class:
10.59%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote : 450,909
(ii) Shared power to vote or to direct the vote : 0
(iii) Sole power to dispose or to direct the
disposition of : 450,909
(iv) Shared power to dispose or to direct the
disposition of : 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
CLIG, as the parent holding company of CLIM and CLQM, and CLIM and
CLQM, as investment advisers to the Funds, have the power to
direct the dividends from, or the proceeds of the sale of the
shares owned by the Funds. Each of the Funds owns less than 5% of
the shares.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
CLIG is the parent holding company of CLIM. See also Item 3.
------------------- -----------------
CUSIP No. 32063L100 13G Page 7 of 8 Pages
------------------- -----------------
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
------------------- -----------------
CUSIP No. 32063L100 13G Page 7 of 8 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.
The reporting persons agree that this statement is filed on behalf of
each of them.
Dated: April 11, 2005
CITY OF LONDON INVESTMENT GROUP
PLC
By: /s/ Barry M. Olliff
---------------------------------
Name: Barry M. Olliff
Title: Director
CITY OF LONDON INVESTMENT MANAGEMENT
COMPANY LIMITED
By: /s/ Barry M. Olliff
---------------------------------
Name: Barry M. Olliff
Title: Director