-----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, VCWWJfCBBX1qXRT9wpaMk65Yq6remU9qlFa4AYkVyi1vceRXWgnYZvKUWH/KDOqf xQBTZ8hUL2rEZ3lxhyuzPg== 0001364773-07-000012.txt : 20070821 0001364773-07-000012.hdr.sgml : 20070821 20070820181738 ACCESSION NUMBER: 0001364773-07-000012 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070821 DATE AS OF CHANGE: 20070820 GROUP MEMBERS: BULLDOG INVESTORS GENERAL PARTNERSHIP GROUP MEMBERS: PHILLIP GOLDSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PIMCO MUNICIPAL ADVANTAGE FUND INC CENTRAL INDEX KEY: 0000897951 IRS NUMBER: 133703018 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47776 FILM NUMBER: 071069046 BUSINESS ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 212 739 3000 MAIL ADDRESS: STREET 1: 1345 AVE. OF THE AMERICAS, 47TH FL CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: MUNICIPAL ADVANTAGE FUND INC DATE OF NAME CHANGE: 19930714 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/A 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/A 1 thirda.txt DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 8/14/07 1. NAME OF REPORTING PERSON Bulldog Investors General Partnership 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 1,303,086 8. SHARED VOTING POWER NA 9. SOLE DISPOSITIVE POWER 1,303,086 _________________________________________________________ 10. SHARED DISPOSITIVE POWER NA 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,303,086 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 17.95% 14. TYPE OF REPORTING PERSON IA ________________________________________________________________ The following constitutes Amendment No. 3 to the Schedule 13D filed by Bulldog Investors, Phillip Goldstein and Andrew Dakos on September 1, 2006. This Amendment No. 2 amends the Schedule 13D as specifically set forth. Item 4 is amended as follows: Item 4. PURPOSE OF TRANSACTION The Reporting persons have submitted a shareholder proposal to the issuer requesting that the issuer conduct a self tender offer at net asset value (see exhibit 1) for all outstanding shares. Item 5 is amended as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER As per the NCSR filed on 1/4/07 there were 7,257,093 shares of MAF outstanding as of 10/31/06. The percentage set forth in item 5 was derived using such number. Bulldog Investors General Partnership and other accounts managed by Mr. Goldstein beneficially own an aggregate of 1,303,086 shares of MAF or 17.95% of the outstanding shares. Power to dispose of and vote securities resides either with Mr. Goldstein or with clients. c)During the past 60 days the following shares of MAF were purchased unless previously reported: Date #Shares Price 6/27/2007 900 $ 13.15 6/29/2007 900 $ 13.14 7/2/2007 5300 $ 13.14 7/5/2007 1000 $ 13.20 7/9/2007 4436 $ 13.20 7/9/2007 100 $ 13.17 7/11/2007 100 $ 13.15 7/12/2007 3000 $ 13.14 7/16/2007 6700 $ 13.15 7/19/2007 11700 $ 13.17 8/8/2007 500 $ 13.13 8/13/2007 1600 $ 12.90 8/13/2007 5000 $ 12.90 8/13/2007 10000 $ 12.90 8/13/2007 27100 $ 12.90 8/17/2007 5000 $ 12.44 d) Beneficiaries of managed accounts are entitled to receive any dividends or sales proceeds. e) NA Item 7 is amended as follows: ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1. Shareholder Proposal 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: 8/20/07 By: /s/ Phillip Goldstein Name: Phillip Goldstein President, Kimball and Winthrop, Inc. Managing General Partner, BIGP Exhibit 1. Shareholder Proposal BULLDOG INVESTORS GENERAL PARTNERSHIP Park 80 West, Plaza Two Saddle Brook, NJ 07663 Phone (201) 556-0092 Fax (201) 556-0097 August 14, 2007 Brian S. Shlissel President & Chief Executive Officer Pimco Municipal Advantage Fund, Inc. 1345 Avenue of the Americas New York, NY 10105 Dear Brian: Bulldog Investors General Partnership is the beneficial owner of approximately one million shares of Pimco Municipal Advantage Fund, Inc. ("MAF"). We have held our shares for at least 12 months and intend to hold them through the next annual meeting. We hereby submit the following proposal and supporting statement pursuant to rule 14a-8 of the Securities Exchange Act of 1934 for inclusion in management's proxy materials for the next meeting of stockholders. RESOLVED: Pimco Municipal Advantage Fund ("MAF") is requested to conduct a self-tender offer for all outstanding shares of MAF at net asset value ("NAV"). If more than 50% of MAF's outstanding shares are tendered, the tender offer should be cancelled and MAF should be liquidated Supporting Statement As of August 10, 2007, MAF's shares were trading at a discount of almost 7% to NAV. Since MAF's shares have traded at a discount for many years, we believe it would be appropriate at this time to conduct a self-tender offer for all outstanding shares to allow shareholders to receive full NAV for their shares. If a majority of MAF's outstanding shares are tendered, that would demonstrate that there is insufficient shareholder support for continuing MAF in its closed-end format. In that case, the tender offer should be cancelled and MAF should be liquidated. Very truly yours, Phillip Goldstein President Kimball & Winthrop, Inc. Managing General Partner -----END PRIVACY-ENHANCED MESSAGE-----