0001504304-16-000215.txt : 20161007 0001504304-16-000215.hdr.sgml : 20161007 20161007133047 ACCESSION NUMBER: 0001504304-16-000215 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20161007 DATE AS OF CHANGE: 20161007 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BULLDOG INVESTORS, LLC GROUP MEMBERS: PHILLIP GOLDSTEIN GROUP MEMBERS: STEVEN SAMUELS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: New York REIT, Inc. CENTRAL INDEX KEY: 0001474464 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 271065431 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-87383 FILM NUMBER: 161927144 BUSINESS ADDRESS: STREET 1: 405 PARK AVENUE STREET 2: 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 415 6500 MAIL ADDRESS: STREET 1: 405 PARK AVENUE STREET 2: 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN REALTY CAPITAL NEW YORK RECOVERY REIT INC DATE OF NAME CHANGE: 20091014 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bulldog Investors, LLC CENTRAL INDEX KEY: 0001504304 IRS NUMBER: 270926182 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: PARK 80 WEST - PLAZA TWO STREET 2: 250 PEHLE AVE. SUITE 708 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 BUSINESS PHONE: 201 556-0092 MAIL ADDRESS: STREET 1: PARK 80 WEST - PLAZA TWO STREET 2: 250 PEHLE AVE. SUITE 708 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 FORMER COMPANY: FORMER CONFORMED NAME: Brooklyn Capital Management LLC DATE OF NAME CHANGE: 20101026 SC 13D 1 third.txt SCHEDULE 13D DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 10/7/16 1. NAME OF REPORTING PERSON Bulldog Investors, LLC 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 DE ___________________________________________________________ 7. SOLE VOTING POWER 1,216,178 8. SHARED VOTING POWER 1,262,115 9. SOLE DISPOSITIVE POWER 1,216,178 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 1,262,115 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 2,478,293 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 1.49% 14. TYPE OF REPORTING PERSON IA ___________________________________________________________ 1. NAME OF REPORTING PERSON Phillip Goldstein 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] 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 1,216,178 8. SHARED VOTING POWER 1,262,115 9. SOLE DISPOSITIVE POWER 1,216,178 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 1,262,115 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 2,478,293 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 1.49% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ 1. NAME OF REPORTING PERSON Andrew Dakos 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 1,216,178 8. SHARED VOTING POWER 1,262,115 9. SOLE DISPOSITIVE POWER 1,216,178 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 1,262,115 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 2,478,293 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 1.49% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ 1. NAME OF REPORTING PERSON Steven Samuels 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 1,216,178 8. SHARED VOTING POWER 1,262,115 9. SOLE DISPOSITIVE POWER 1,216,178 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 1,262,115 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 2,478,293 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 1.49% 14. TYPE OF REPORTING PERSON IN _______________________________________________________ Item 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Common Stock of New York Reit Inc. ("NYRT" or the "Issuer"). The principal executive offices of NYRT are located at 405 PARK AVENUE 14TH FLOOR NEW YORK NY 10022 Item 2. IDENTITY AND BACKGROUND (a) This statement is filed on behalf of Bulldog Investors,LLC, (a Delaware Limited Liability Company), Phillip Goldstein, Andrew Dakos and Steven Samuels. (b) The business address of the reporting persons is Park 80 West-Plaza Two, 250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663. (c) Bulldog Investors,LLC is a registered investment adviser. Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog Investors,LLC. (d) n/a (e) n/a (f) Each of Messrs. Goldstein, Dakos and Samuels is a citizen of the United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS Shares of the Issuer have been accumulated on behalf of clients of Bulldog Investors,LLC. ITEM 4. PURPOSE OF TRANSACTION See Exhibit A - Letter to the NYRT Chairman. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As per the 10-Q filed on August 9, 2016, there were 165,846,056 shares of common stock outstanding as of July 29, 2016. The percentages set forth herein were derived using such number. Phillip Goldstein, Andrew Dakos and Steven Samuels own Bulldog Investors, LLC, a registered investment advisor. As of October 6, 2016, Bulldog Investors, LLC is deemed to be the beneficial owner of 2,478,293 shares of NYRT (representing 1.49% of NYRT's outstanding shares) solely by virtue of Bulldog Investors LLC's power to direct the vote of,and dispose of, these shares. These 2,478,293 shares of NYRT include 1,216,178 shares (representing 0.73% of NYRT's outstanding shares) that are beneficially owned by Mr. Goldstein and the following entities over which Messrs. Goldstein, Dakos and Samuels exercise control: Opportunity Partners LP, Calapasas West Partners LP, Full Value Special Situations Fund, LP, Full Value Offshore Fund, Ltd., Opportunity Income Plus, Full Value Partners, LP, and MCM Opportunity Partners, LP (collectively, "Bulldog Investors Group of Funds"). Bulldog Investors Group of Funds may be deemed to constitute a group. All other shares included in the aforementioned 2,478,293 shares of NYRT beneficially owned by Bulldog Investors LLC (solely by virtue of its power to sell or direct the vote of these shares) are also beneficially owned by clients of Bulldog Investors, LLC who are not members of any group. The total number of these "non-group" shares is 1,262,115 (representing 0.76% of NYRT's outstanding shares). (b)Bulldog Investors,LLC has sole power to dispose of and vote 1,216,178 shares. Bulldog Investors, LLC has shared power to dispose of and vote 1,262,115 shares. Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more than 5% of NYRT's shares) share this power with Bulldog Investors, LLC. Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC. c) During the past 60 days the following shares of NYRT were purchased: Date: Shares: Price: 08/05/16 57,347 10.0452 08/08/16 59,432 10.0423 08/09/16 50,000 9.9978 08/10/16 8,200 10.0279 08/11/16 50,000 9.9833 08/12/16 54,219 9.9701 08/15/16 13,736 9.9795 08/16/16 25,000 9.9169 08/17/16 25,000 9.8591 08/19/16 6,600 9.9770 08/22/16 20,000 9.8711 08/23/16 19,907 9.7893 08/31/16 11,000 9.6290 09/01/16 25,000 9.5919 09/02/16 51,000 9.6548 09/06/16 38,000 9.5510 09/07/16 22,600 9.5993 09/08/16 50,000 9.5655 09/09/16 25,000 9.3283 d) Clients of Bulldog Investors, LLC are entitled to receive any dividends or sales proceeds. e) N/A ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. N/A ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1 & Exhibit A 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: 10/07/16 By: /S/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos By: /S/ Steven Samuels Name: Steven Samuels Bulldog Investors, LLC By: /s/ Andrew Dakos Andrew Dakos, Member Footnote 1: The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest therein. Exhibit 1: Agreement to Make Joint Filing Agreement made as of the 7th day of October, 2016, by and among Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos, and Steven Samuels. WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides that whenever two or more persons are required to file a statement containing the information required by Schedule 13D with respect to the same securities, only one such statement need be filed, so long as, among other things, such filing includes as an exhibit an agreement among such persons that such a statement is filed on behalf of each of them; WHEREAS, in connection with certain holdings of New York Reit Inc. (NYRT), each of the parties to this Agreement is required to file a statement containing the information required by Schedule 13D with respect to the same holdings of NYRT; NOW THEREFORE, the parties hereby agree that one statement containing the information required by Schedule 13D shall be filed on behalf of each party hereto. IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first written above. By:/s/ Phillip Goldstein By:/s/ Andrew Dakos Phillip Goldstein Andrew Dakos BULLDOG INVESTORS, LLC By: /s/ Steven Samuels By: /s/ Andrew Dakos Steven Samuels Andrew Dakos, Member Exhibit A: Bulldog Investors, LLC, 250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663 201-881-7100 // pgoldstein@bulldoginvestors.com October 7, 2016 Randolph C. Read Chairman of the Board New York REIT, Inc. 405 Park Ave., 14th Floor New York, NY 10022 Dear Mr. Read: Bulldog Investors, LLC currently owns, on behalf of its clients, approximately 2.5 million shares of New York REIT, Inc. (NYSE: NYRT). We met with Mike Happel in late August and urged him to try to reach a settlement with WW Investors in connection with the Board's recent decision to liquidate (which we support). We were disappointed that a settlement was not reached. But, if that is no longer a realistic possibility, then stockholders must have an opportunity to determine the fate of their investment. The last annual meeting was held on June 22, 2015. At that meeting, directors were elected "to serve for a term ending at the 2016 annual meeting of stockholders." Since the 2016 annual meeting has not been scheduled, we think that stockholders should be able to vote for the full board of directors (including those that were never elected by stockholders) at the same meeting at which they will vote on the plan of liquidation. After all, the success of the plan will depend on who is going to execute it. Conversely, there is no reason we can think of to bifurcate these matters by holding a special meeting to vote on the liquidation plan without allowing stockholders to simultaneously determine the constitution of the board of directors. Thank you for your consideration. Sincerely yours, /S/Phillip Goldstein Phillip Goldstein Member Bulldog Investors LLC