1
|
NAME OF REPORTING PERSON
Karpus Investment Management
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
WC
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
1,345,316
|
|
8
|
SHARED VOTING POWER
-
|
||
9
|
SOLE DISPOSITIVE POWER
1,345,316
|
||
10
|
SHARED DISPOSITIVE POWER
-
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,345,316
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.20%
|
||
14
|
TYPE OF REPORTING PERSON
IA
|
1
|
NAME OF REPORTING PERSON
George W. Karpus
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
WC, PF
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
36,200*
|
|
8
|
SHARED VOTING POWER
17,676*
|
||
9
|
SOLE DISPOSITIVE POWER
36,200*
|
||
10
|
SHARED DISPOSITIVE POWER
17,676*
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,876*
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
|
||
14
|
TYPE OF REPORTING PERSON
IN
|
Item 2.
|
Identity and Background.
|
Item 3.
|
Source and Amount of Funds or Other Consideration.
|
Item 4.
|
Purpose of Transaction.
|
Item 5.
|
Interest in Securities of the Issuer.
|
A
..
|
Karpus Investment Management
|
|
(a)
|
As of the close of business on
August 31, 2019,
Karpus Investment Management
beneficially owned
1,345,316
Shares held in the Accounts.
|
|
(b)
|
1. Sole power to vote or direct vote:
1,345,316
|
|
2. Shared power to vote or direct vote:
-
|
|
3. Sole power to dispose or direct the disposition:
1,345,316
|
|
4. Shared power to dispose or direct the disposition:
-
|
|
(c)
|
The transactions in the Shares by
Karpus Investment Management
over the last 60 days are set forth in Schedule B and incorporated herein by reference.
|
B
..
|
George W. Karpus
|
|
(a)
|
As of the close of business on
August 31, 2019
,
George W. Karpus
beneficially owned
36,200
Shares. In addition,
George W. Karpus
may be deemed to beneficially own the
17,676
Shares held in the Karpus Entities.
|
|
(b)
|
1. Sole power to vote or direct vote:
36,200
|
|
2. Shared power to vote or direct vote:
17,676
|
|
3. Sole power to dispose or direct the disposition:
36,200
|
|
4. Shared power to dispose or direct the disposition:
17,676
|
|
(c)
|
Neither
George W. Karpus
nor the Karpus Entities have had any transactions in the Shares for the past 60 days.
|
Item 6.
|
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
|
Item 7.
|
Material to be Filed as Exhibits.
|
|
None.
|
.
|
KARPUS MANAGEMENT, INC.
|
|||
By:
|
/s/ Daniel L. Lippincott, CFA
|
||
Name:
|
Daniel L. Lippincott, CFA
|
||
Title:
|
Director of Investment Personnel and Senior Tax-Sensitive Manager
|
/s/ George W. Karpus
|
|
GEORGE W. KARPUS
|
Name
|
Position & Present Principal Occupation
|
Business Address
|
Shares Owned
|
George W. Karpus
|
President, CEO, and Chairman of the Board
|
183 Sully’s Trail, Pittsford, New York 14534
|
See Above
|
Kathleen Finnerty Crane
|
Chief Financial Officer
|
183 Sully’s Trail, Pittsford, New York 14534
|
3
Shares
|
Dana R. Consler
|
Executive Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
900
Shares
|
Thomas M. Duffy
|
Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Sharon L. Thornton
|
Chief Compliance Officer
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Daniel L. Lippincott, CFA
|
Sr. Tax-Sensitive Manager and Director of Investment Personnel
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Purchase of Common Stock
|
400
|
$25.35
|
7/11/2019
|
Sale of Common Stock
|
(175)
|
$25.58
|
7/12/2019
|
Purchase of Common Stock
|
325
|
$25.58
|
7/15/2019
|
Sale of Common Stock
|
(100)
|
$25.55
|
7/16/2019
|
Sale of Common Stock
|
(900)
|
$25.50
|
7/18/2019
|
Sale of Common Stock
|
(350)
|
$25.43
|
7/22/2019
|
Sale of Common Stock
|
(575)
|
$25.44
|
7/24/2019
|
Sale of Common Stock
|
(125)
|
$25.40
|
7/25/2019
|
Sale of Common Stock
|
(800)
|
$25.51
|
7/29/2019
|
Sale of Common Stock
|
(70)
|
$25.32
|
7/31/2019
|
Purchase of Common Stock
|
78
|
$25.36
|
8/1/2019
|
Sale of Common Stock
|
(195)
|
$25.42
|
8/2/2019
|
Sale of Common Stock
|
(120)
|
$25.42
|
8/6/2019
|
Sale of Common Stock
|
(7,763)
|
$25.39
|
8/7/2019
|
Sale of Common Stock
|
(8,850)
|
$25.40
|
8/8/2019
|
Sale of Common Stock
|
(75)
|
$25.36
|
8/9/2019
|
Sale of Common Stock
|
(3,324)
|
$25.44
|
8/12/2019
|
Sale of Common Stock
|
(300)
|
$25.45
|
8/14/2019
|
Sale of Common Stock
|
(2,600)
|
$25.52
|
8/15/2019
|
Sale of Common Stock
|
(4,516)
|
$25.54
|
8/20/2019
|
Sale of Common Stock
|
(1,640)
|
$25.52
|
8/21/2019
|
Sale of Common Stock
|
(6,618)
|
$25.34
|
8/22/2019
|
Purchase of Common Stock
|
200
|
$25.50
|
8/23/2019
|
Sale of Common Stock
|
(350)
|
$25.40
|
8/27/2019
|
Sale of Common Stock
|
(275)
|
$25.45
|
8/28/2019
|
Sale of Common Stock
|
(700)
|
$25.52
|
8/30/2019
|
|
|
|
|
|
|
|
|