-----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, EO3v4VLS3Gmqu7jIPyFk1kcITjdlNnHqdjwn7uaRejwVtmxZ6RFQHE/ZKtaPmh1c dG+TlmknGeWj7iHlU6XrGw== 0001364773-06-000011.txt : 20061027 0001364773-06-000011.hdr.sgml : 20061027 20061026180402 ACCESSION NUMBER: 0001364773-06-000011 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061027 DATE AS OF CHANGE: 20061026 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BULLDOG INVESTORS GROUP MEMBERS: PHILLIP GOLDSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM TAX FREE HEALTH CARE FUND CENTRAL INDEX KEY: 0000887398 IRS NUMBER: 043153831 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-82138 FILM NUMBER: 061166852 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bulldog Investors General Partnership CENTRAL INDEX KEY: 0001364773 IRS NUMBER: 562585535 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 60 HERITAGE DRIVE CITY: PLEASANTVILLE STATE: NY ZIP: 10570 BUSINESS PHONE: 9147475262 MAIL ADDRESS: STREET 1: 60 HERITAGE DRIVE CITY: PLEASANTVILLE STATE: NY ZIP: 10570 SC 13D 1 third.txt DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 10/16/2006 1. NAME OF REPORTING PERSON Bulldog Investors General Partnership, Opportunity Income Plus L.P., Andrew Dakos and Phillip Goldstein 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] 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 996,200 8. SHARED VOTING POWER NA 9. SOLE DISPOSITIVE POWER 996,200 _________________________________________________________ 10. SHARED DISPOSITIVE POWER NA 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 996,200 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 7.35% 14. TYPE OF REPORTING PERSON IA ________________________________________________________________ Item 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Common Stock of Putnam Tax Free Health Care fund ("PMH" or the "Trust"). The principal executive offices of PMH are located at One Post Office Square, Boston, MA 02109 Item 2. IDENTITY AND BACKGROUND This statement is filed on behalf of Bulldog Investors General Partnership ("BIGP"), 60 Heritage Drive, Pleasantville, NY 10570. BIGP is a general partnership whose business is to make investments and to take actions deemed necessary to increase the value of its investments. The managing general partner of BIGP is Kimball and Winthrop, Inc., 60 Heritage Drive, Pleasantville, NY 10570. Phillip Goldstein is President of Kimball and Winthrop, Inc. This statement is also filed on behalf of Opportunity Income Plus L.P. an investment partnership. Andrew Dakos, Park 80 West, Saddle Brook, NJ 07663 and Phillip Goldstein, 60 Heritage Drive, Pleasantville, NY 10570 are both managing members of the General Partner of Opportunity Income Plus L.P. During the past 5 years none of the above has been convicted in a criminal proceeding, nor been party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which they were or are 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. Each of the above are United States citizens. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS Shares of the Trust have been accumulated on behalf of managed accounts. All funds that have been utilized to purchase such shares are from such accounts or from margin loans from broker dealers where these accounts are held. ITEM 4. PURPOSE OF TRANSACTION The filing persons intend to solicit proxies to elect six Trustees at the annual shareholder meeting to be held on January 11, 2007 and in favor of two proposals: (1) ?The number of Trustees shall be fixed at six;? and (2) ?The Board of Trustees shall promptly take the steps necessary to open-end the Trust or otherwise enable shareholders to realize net asset value for their shares.? ITEM 5. INTEREST IN SECURITIES OF THE ISSUER As per the annual report for the period ending May 31, 2006 there were 13,551,397 shares of PMH outstanding. The percentage set forth in item 5 was derived using such number. Bulldog Investors General Partnership, Opportunity Income Plus L.P. and other accounts managed by Mr. Dakos and Mr. Goldstein beneficially own an aggregate of 995,900 shares of PMH. Additionally, they are also record holders of 300 shares of PMH. 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 PMH were purchased (there were no sales): Date Shares Price 9/11/2006 400 12.21 9/13/2006 4,600 12.34 9/13/2006 400 12.31 9/22/2006 5,100 12.29 9/27/2006 11,000 12.3491 9/28/2006 4,300 12.35 9/28/2006 2,000 12.35 10/2/2006 1,000 12.4 10/3/2006 21,500 12.443 10/5/2006 3,000 12.4244 10/5/2006 9,300 12.4244 10/6/2006 40,000 12.4183 10/6/2006 11,525 12.4183 10/6/2006 11,525 12.4183 10/6/2006 11,525 12.4183 10/6/2006 11,525 12.4183 10/6/2006 81,000 12.4183 10/9/2006 2,900 12.3945 10/9/2006 1,000 12.3945 10/9/2006 900 12.3945 10/9/2006 3,000 12.3945 10/9/2006 1,000 12.3945 10/9/2006 5,000 12.3945 10/10/2006 2,650 12.35 10/10/2006 650 12.35 10/10/2006 700 12.35 10/10/2006 650 12.35 10/10/2006 650 12.35 10/10/2006 4,000 12.35 10/11/2006 1,200 12.38 10/11/2006 1,200 12.38 10/11/2006 1,200 12.38 10/11/2006 1,200 12.38 10/12/2006 1,100 12.38 10/13/2006 1,000 12.4 10/13/2006 400 12.36 10/16/2006 25,600 12.4476 10/16/2006 7,025 12.467 10/16/2006 50,000 12.467 10/16/2006 7,025 12.467 10/16/2006 25,000 12.467 10/16/2006 7,025 12.467 10/16/2006 7,025 12.467 10/17/2006 3,300 12.5 10/17/2006 825 12.5 10/17/2006 825 12.5 10/17/2006 825 12.5 10/17/2006 825 12.5 10/17/2006 6,600 12.5 10/18/2006 7,000 12.4945 10/18/2006 1,750 12.4945 10/18/2006 2,500 12.4945 10/18/2006 1,750 12.4945 10/18/2006 1,750 12.4945 10/18/2006 14,750 12.4945 10/20/2006 6,000 12.5098 10/20/2006 10,000 12.5 10/20/2006 4,125 12.5098 10/20/2006 4,125 12.5098 10/20/2006 4,125 12.5098 10/20/2006 4,125 12.5098 10/20/2006 12,000 12.5098 10/20/2006 20,000 12.5 10/23/2006 15,000 12.5178 10/23/2006 3,950 12.5178 10/23/2006 3,950 12.5178 10/23/2006 3,950 12.5178 10/23/2006 3,950 12.5178 10/23/2006 25,000 12.5 10/24/2006 6,100 12.5269 10/24/2006 1,525 12.5269 10/24/2006 1,525 12.5269 10/24/2006 1,525 12.5269 10/24/2006 1,525 12.5269 10/24/2006 12,200 12.5269 10/25/2006 1,500 12.5572 10/25/2006 525 12.5572 10/25/2006 525 12.5572 10/25/2006 525 12.5572 10/25/2006 525 12.5572 10/25/2006 3,500 12.5572 d) Beneficiaries of managed accounts are entitled to receive any dividends or sales proceeds. e) NA ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 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: 10/26/06 By: /s/ Phillip Goldstein Name: Phillip Goldstein President, Kimball and Winthrop, Inc. Managing General Partner, BIGP By: /s/ Phillip Goldstein Name: Phillip Goldstein Managing Member, SPAR Advisors LLC General Partner, Opportunity Income Plus L.P. By: /s/ Andrew Dakos Name: Andrew Dakos Managing Member, SPAR Advisors LLC General Partners, Opportunity Income Plus L.P. Exhibit 1 Joint Filing Agreement In accordance with Rule 13d-1 (k) (1) 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 the schedule 13D (and all further amendments filed by them) with respect to the shares of PMH. Dated: 10/26/06 By: /s/ Phillip Goldstein Name: Phillip Goldstein President, Kimball and Winthrop, Inc. Managing General Partner, BIGP By: /s/ Phillip Goldstein Name: Phillip Goldstein Managing Member, SPAR Advisors LLC General Partner, Opportunity Income Plus L.P. By: /s/ Andrew Dakos Name: Andrew Dakos Managing Member, SPAR Advisors LLC General Partner, Opportunity Income Plus L.P. -----END PRIVACY-ENHANCED MESSAGE-----