-----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, E3+da8cAyZMx0mlenyGnec3+IrzvWvjMNVjRP7G3U43B6CvwM5en9zkfKg6X8r1Z yUjvieBxTTEPw2Jr70nJcQ== 0001048703-02-000161.txt : 20021011 0001048703-02-000161.hdr.sgml : 20021011 20021011132751 ACCESSION NUMBER: 0001048703-02-000161 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021011 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 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONS GOVERNMENT INCOME TERM TRUST 2003 INC CENTRAL INDEX KEY: 0000910067 IRS NUMBER: 561835139 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50316 FILM NUMBER: 02787241 BUSINESS ADDRESS: STREET 1: ONE NATIONSBANK PLAZA T39-5 STREET 2: 101 SOUTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 7043869185 MAIL ADDRESS: STREET 1: ONE NATIONSBANK PLAZA CITY: CHARLOTTE STATE: NC ZIP: 28255 SC 13D/A 1 ngi10-02.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities and Exchange Act of 1934 (Amendment No. 33) Nations Government Income Term Trust 2003 (Name of Issuer) Common Stock (Title of Class of Securities) 638583104 (CUSIP Number) George W. Karpus, President Karpus Management, Inc. d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 (716) 586-4680 (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications) October 10, 2002 (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 Nations Government Income Term Trust 2003 NationsBank N.S. One NationsBank Plaza T39-5 101 South Tryon Street Charlotte, N.C. 28255 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 NGI 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 NGI fit the investment guidelines for various Accounts. Shares have been acquired since September 4, 1997. . ITEM 5 Interest in Securities of the Issuer A) As of the date of this Report, KIM owns 1,202,721 shares, which represents 8.48% of the outstanding Shares. Karpus Investment Management Profit sharing plan purchased 1,500 shares on August 17,1999 at $8.75 per share. Dana R. Consler currently owns 300 shares purchased on May 15, 2000 at $8.50 (400 shares) and sold October 25 at $9.36 (100 shares). Sophie P. Karpus currently owns 350 shares purchased on September 19 & 23, 2002 at $10.11 (350 shares). None of the other Principals of KIM presently own shares of NGI. b) KIM has the sole power to dispose of and to vote all of such Shares under limited powers of attorney. c) The first open market purchase occurred on 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 8/15/2002 1450 10.24 9/4/2002 - -225 10.15 9/11/2002 24100 10.11 9/13/2002 2200 10.13 9/16/2002 1500 10.12 9/17/2002 4000 10.12 9/19/2002 2200 10.11 9/23/2002 1600 10.11 9/24/2002 400 10.13 9/26/2002 225 10.13 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 NGI 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. October10, 2002 By:________________________ Date Signature George W. Karpus, President Name/Title -----END PRIVACY-ENHANCED MESSAGE-----