-----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, QL2GuJPZR8PAVMjXe3E6qvrxfKVCbUgRrMiuo4xYZY7j5sSPndviOJNYQ7VNUwDF b3XT+ijbQ+ZKIUXRjNXBag== 0000889812-99-001438.txt : 19990512 0000889812-99-001438.hdr.sgml : 19990512 ACCESSION NUMBER: 0000889812-99-001438 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990511 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: 2002 TARGET TERM TRUST INC CENTRAL INDEX KEY: 0000893227 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133702642 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-52043 FILM NUMBER: 99616544 BUSINESS ADDRESS: STREET 1: 1285 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127132000 MAIL ADDRESS: STREET 1: 1285 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: 2007 TARGET TERM TRUST INC DATE OF NAME CHANGE: 19600201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KARPUS MANAGEMENT INC CENTRAL INDEX KEY: 0001048703 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 161290558 STATE OF INCORPORATION: NY 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 AMENDMENT NO. 13 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No 13) 2002 Target Term Trust, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 902106103 (CUSIP Number) George W. Karpus, President Karpus Management, Inc. d/b/a Karpus Investment Management 14 Tobey Village Office Park Pittsford, New York 14534 (716) 586-4680 (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications) May 6, 1999 (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 which is subject of the Schedule 13D, and is filing this schedule because of Rule 13d-1 (b) (3) or (4), check the following box. [x] (Page 1 of 4 pages) CUSIP No. 402106103 SCHEDULE 13D Page 2 of 4 Pages 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Karpus Management, Inc. d/b/a Karpus Investment Management I.D #16-1290558 2. Check the Appropriate Box if a Member of a Group* (a) / / (b) /X/ 3. SEC Use Only 4. Source of Funds* AF 5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / / 6. Citizenship or Place of Organization New York 7. Sole Voting Power 618,750 Number of Shares 8. Shared Voting Power Beneficially Owned by Each 9. Sole Dispositive Power Reporting Person 618,750 With 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 618,750 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / / 13. Percent of Class Represented by Amount in Row (11) 7.93% 14. Type of Reporting Person* IA *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. ITEM 1 Security and Issuer Common Stock 2002 Target Term Trust, Inc. ("TTR") 1285 Avenue of the Americas New York, New York 10019 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) 14 Tobey Village Office Park, Pittsford, New York 14534 c) Principal business and occupation- Investment Management for individuals, pension and profit sharing plans, corporations, endowments, trusts 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 5 years of any criminal proceeding (excluding traffic violations). e) During the last five years non-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 with respect to such laws. f) Each of the Principals is a United States citizen. KIM is a New York State corporation. ITEM 3 Source and Amount of Funds or Other Considerations KIM, an independent investment advisor, has accumulated shares of TTR 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 conservative, fixed income manager, with a specialty focus in the closed-end fund sector, the profile of TTR (being a conservative investment grade fund) fit the investment guidelines for various Accounts. ITEM 5 Interest in Securities of the Issuer a) As of the date of this Report, KIM owns 618,750 shares which represents 7.93% of the outstanding Shares. George W. Karpus owns 1,500 shares purchased on December 13,1996 at a price of $13.625 per share. None of the other Principals or KIM presently own Shares. 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 and sales for the last 60 days. There have been no disposition and no acquisitions, other than by such open market purchases and sales during such period. DATE SHARES PRICE PER DATE SHARES PRICE PER SHARE SHARE 3/1/99 -300 14.187 4/1/99 1200 14.1875 3/1/99 -1200 14.25 4/5/99 4100 14.1875 3/3/99 -800 14.187 4/6/99 1400 14.1875 3/4/99 -1700 14.187 4/8/99 2350 14.25 3/5/99 -2200 14.187 4/9/99 -750 14.25 3/8/99 -300 14.187 4/9/99 3400 14.25 3/15/99 1000 14.187 4/15/99 -500 14.1875 3/16/99 4000 14.187 4/15/99 3500 14.1875 3/19/99 -200 14.187 4/16/99 1000 14.1875 3/19/99 2500 14.187 4/19/99 300 14.1875 3/22/99 2600 14.187 4/20/99 4700 14.1875 3/23/99 200 14.187 4/21/99 -500 14.25 3/24/99 4300 14.187 4/21/99 6200 14.1875 3/25/99 3400 14.187 4/22/99 3000 14.25 3/26/99 -250 14.25 4/22/99 100 14.1875 3/26/99 500 14.187 4/23/99 3800 14.1875 3/29/99 -1000 14.25 4/23/99 -2250 14.25 3/29/99 -200 14.187 4/26/99 400 14.1875 3/29/99 4500 14.187 4/27/99 4300 14.1875 3/30/99 -750 14.25 4/28/99 7000 14.1875 3/30/99 2300 14.187 4/29/99 2300 14.1875 3/31/99 500 14.187 4/30/99 200 14.1875 * The 2250 shares from 04-23-99 were transferred out of our client's account. ITEM 6 Contract, 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 TTR 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. May 6, 1999 By: /s/ George W. Karpus - ----------- ------------------------------- Date Signature George W. Karpus, President ------------------------------- Name / Title -----END PRIVACY-ENHANCED MESSAGE-----