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
1,719,548
|
|
8
|
SHARED VOTING POWER
0
|
||
9
|
SOLE DISPOSITIVE POWER
1,780,246
|
||
10
|
SHARED DISPOSITIVE POWER
0
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,780,246
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.59%
|
||
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
45,611
*
|
|
8
|
SHARED VOTING POWER
26,740
*
|
||
9
|
SOLE DISPOSITIVE POWER
45,611
*
|
||
10
|
SHARED DISPOSITIVE POWER
26,740
*
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
72,351
*
|
||
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 5.
|
Interest in Securities of the Issuer.
|
A
..
|
Karpus Investment Management
|
|
(a)
|
As of the close of business on
March 31, 2020,
Karpus Investment Management
beneficially owned
1,780,246
Shares held in the Accounts.
|
|
(b)
|
1. Sole power to vote or direct vote:
1,719,548
|
|
2. Shared power to vote or direct vote:
0
|
|
3. Sole power to dispose or direct the disposition:
1,780,246
|
|
4. Shared power to dispose or direct the disposition:
0
|
|
(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
March 31, 2020,
George W. Karpus
beneficially owned
45,611
Shares. In addition,
George W. Karpus
may be deemed to beneficially own the
26,740
Shares held in the Karpus Entities.
|
|
(b)
|
1. Sole power to vote or direct vote:
45,611
|
|
2. Shared power to vote or direct vote:
26,740
|
|
3. Sole power to dispose or direct the disposition:
45,611
|
|
4. Shared power to dispose or direct the disposition:
26,740
|
|
(c)
|
The transactions in the Shares by George W. Karpus and the Karpus Entities over the last 60 days are set forth in Schedule B and incorporated herein by reference.
|
KARPUS MANAGEMENT, INC.
|
|||
By:
|
/s/ Jodi Hedberg
|
||
Name:
|
Jodi Hedberg
|
||
Title:
|
Chief Compliance Officer
|
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
|
95
Shares
|
Dana R. Consler
|
Executive Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
400
Shares
|
Thomas M. Duffy
|
Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Sharon L. Thornton
|
Executive Vice President
|
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
|
360,000
|
$24.80
|
2/6/2020
|
Purchase of Common Stock
|
13,800
|
$24.75
|
2/12/2020
|
Purchase of Common Stock
|
17,100
|
$24.80
|
2/14/2020
|
Purchase of Common Stock
|
7,765
|
$24.87
|
2/21/2020
|
Purchase of Common Stock
|
10,850
|
$24.62
|
2/24/2020
|
Purchase of Common Stock
|
20,083
|
$24.62
|
2/25/2020
|
Purchase of Common Stock
|
5,496
|
$24.59
|
2/26/2020
|
Purchase of Common Stock
|
9,947
|
$24.44
|
2/27/2020
|
Purchase of Common Stock
|
1,580
|
$24.24
|
2/28/2020
|
Purchase of Common Stock
|
1,600
|
$24.41
|
3/2/2020
|
Purchase of Common Stock
|
2,075
|
$24.47
|
3/3/2020
|
Purchase of Common Stock
|
7,819
|
$24.79
|
3/4/2020
|
Purchase of Common Stock
|
11,400
|
$24.75
|
3/5/2020
|
Purchase of Common Stock
|
1,445
|
$24.79
|
3/6/2020
|
Purchase of Common Stock
|
16,286
|
$24.21
|
3/9/2020
|
Purchase of Common Stock
|
3,192
|
$24.15
|
3/10/2020
|
Purchase of Common Stock
|
2,461
|
$23.96
|
3/11/2020
|
Purchase of Common Stock
|
5,436
|
$22.57
|
3/12/2020
|
Purchase of Common Stock
|
3,000
|
$22.49
|
3/13/2020
|
Purchase of Common Stock
|
27,831
|
$20.60
|
3/16/2020
|
Purchase of Common Stock
|
30,819
|
$19.10
|
3/17/2020
|
Purchase of Common Stock
|
22,595
|
$16.82
|
3/18/2020
|
Purchase of Common Stock
|
6,160
|
$13.91
|
3/19/2020
|
Sale of Common Stock
|
(300)
|
$17.94
|
3/20/2020
|
Sale of Common Stock
|
(505)
|
$14.47
|
3/24/2020
|
Purchase of Common Stock
|
2,239
|
$15.49
|
3/25/2020
|
Purchase of Common Stock
|
5,710
|
$17.09
|
3/26/2020
|
Purchase of Common Stock
|
296
|
$17.58
|
3/27/2020
|
Purchase of Common Stock
|
3,200
|
$17.40
|
3/30/2020
|
Purchase of Common Stock
|
2,660
|
$17.82
|
3/31/2020
|
|
|
|
|
|
|
|
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Purchase of Common Stock
|
5,436
|
$22.57
|
3/12/2020
|
Purchase of Common Stock
|
1,564
|
$16.82
|
3/18/2020
|
Purchase of Common Stock
|
810
|
$13.91
|
3/19/2020
|
|
|
|
|
|
|
|
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Purchase of Common Stock
|
6,000
|
$24.80
|
2/6/2020
|
Purchase of Common Stock
|
1,500
|
$24.75
|
2/12/2020
|
Purchase of Common Stock
|
55
|
$24.80
|
2/14/2020
|
Purchase of Common Stock
|
500
|
$24.62
|
2/24/2020
|
Purchase of Common Stock
|
1
|
$24.45
|
2/27/2020
|
Purchase of Common Stock
|
2,250
|
$20.60
|
3/16/2020
|
Purchase of Common Stock
|
325
|
$16.82
|
3/18/2020
|
Purchase of Common Stock
|
705
|
$13.91
|
3/19/2020
|
|
|
|
|
|
|
|
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Sale of Common Stock
|
(600)
|
$25.13
|
3/6/2020
|
Sale of Common Stock
|
(71,900)
|
$25.00
|
3/12/2020
|
Sale of Common Stock
|
(601)
|
$19.00
|
3/20/2020
|
Sale of Common Stock
|
(333)
|
$18.90
|
3/24/2020
|
Sale of Common Stock
|
(334)
|
$18.31
|
3/27/2020
|
|
|
|
|
|
|
|
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Sale of Common Stock
|
(249)
|
$25.00
|
3/12/2020
|
|
|
|
|
|
|
|
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Sale of Common Stock
|
(795)
|
$25.00
|
3/12/2020
|
|
|
|
|
|
|
|
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Sale of Common Stock
|
(37)
|
$25.08
|
3/5/2020
|
Sale of Common Stock
|
(7,200)
|
$24.82
|
3/10/2020
|
Sale of Common Stock
|
(30)
|
$24.82
|
3/11/2020
|
Purchase of Common Stock
|
50
|
$22.78
|
3/13/2020
|
Sale of Common Stock
|
(100)
|
$21.84
|
3/16/2020
|
Purchase of Common Stock
|
22,841
|
$15.82
|
3/18/2020
|
Purchase of Common Stock
|
520
|
$8.91
|
3/19/2020
|
Sale of Common Stock
|
(600)
|
$18.00
|
3/20/2020
|
Sale of Common Stock
|
(500)
|
$17.56
|
3/23/2020
|
Sale of Common Stock
|
(2,539)
|
$17.95
|
3/24/2020
|
Purchase of Common Stock
|
75
|
$20.03
|
3/25/2020
|
Sale of Common Stock
|
(450)
|
$17.95
|
3/26/2020
|
Purchase of Common Stock
|
1,658
|
$18.44
|
3/27/2020
|
Purchase of Common Stock
|
315
|
$18.61
|
3/30/2020
|
Purchase of Common Stock
|
297
|
$19.61
|
3/31/2020
|
|
|
|
|
|
|
|
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Purchase of Common Stock
|
1,048
|
$18.44
|
3/27/2020
|
|
|
|
|
|
|
|
|