0001104659-17-004352.txt : 20170126 0001104659-17-004352.hdr.sgml : 20170126 20170126172736 ACCESSION NUMBER: 0001104659-17-004352 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170126 DATE AS OF CHANGE: 20170126 GROUP MEMBERS: NORTHSTAR MEMORIAL GROUP, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO INCOME OPPORTUNITIES FUND CENTRAL INDEX KEY: 0001210123 IRS NUMBER: 043726983 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83525 FILM NUMBER: 17550745 BUSINESS ADDRESS: STREET 1: 525 MARKET STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 6172103200 MAIL ADDRESS: STREET 1: 200 BERKELEY STREET STREET 2: FLOOR 21 CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: WELLS FARGO ADVANTAGE INCOME OPPORTUNITIES FUND DATE OF NAME CHANGE: 20100719 FORMER COMPANY: FORMER CONFORMED NAME: EVERGREEN INCOME ADVANTAGE FUND DATE OF NAME CHANGE: 20021213 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Trust Asset Management LLC CENTRAL INDEX KEY: 0001608376 IRS NUMBER: 262520456 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1900 ST. JAMES PLACE STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 832-308-2748 MAIL ADDRESS: STREET 1: 1900 ST. JAMES PLACE STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77056 SC 13G/A 1 a17-3282_1sc13ga.htm SC 13G/A

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G/A

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

Wells Fargo Income Opportunities Fund

(Name of Issuer)

Common Shares

(Title of Class of Securities)

94987B105

(CUSIP Number)

December 31, 2016

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

 

(Page 1 of 10 Pages)

 


*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No. 94987B105

13G

 

 

 

1

Name of Reporting Person
Trust Asset Management, LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5

Sole Voting Power
-0-

 

6

Shared Voting Power
-0-

 

7

Sole Dispositive Power
-0-

 

8

Shared Dispositive Power
3,686,762

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,686,762

 

 

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row (9)
5.2%[(1)]

 

 

12

Type of Reporting Person
IA

 


[(1)] The percentages reported herein and  in the rest of this Schedule 13G are calculated based upon 70,906,130 common shares outstanding as of October 31, 2016 as reported in the Company’s Form N-CSRS filed on January 3. 2017.

 

2



 

CUSIP No. 94987B105

13G

 

 

 

1

Name of Reporting Person
NorthStar Memorial Group, LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

 

3

SEC Use Only

 

 

4

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5

Sole Voting Power
-0-

 

6

Shared Voting Power
-0-

 

7

Sole Dispositive Power
-0-

 

8

Shared Dispositive Power
-0-

 

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,686,762

 

 

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

 

 

11

Percent of Class Represented by Amount in Row (9)
5.2%[(1)]

 

 

12

Type of Reporting Person
HC

 


[(1)] The percentages reported herein and  in the rest of this Schedule 13G are calculated based upon 70,906,130 common shares outstanding as of October 31, 2016 as reported in the Company’s Form N-CSRS filed on January 3. 2017.

 

3



 

CUSIP No. 94987B105

13G

 

 

Item 1(a).

 

Name of Issuer

The name of the issuer is Wells Fargo Income Opportunities Fund (the “Company”).

Item 1(b).

 

Address of Issuer’s Principal Executive Offices

The Company’s principal executive offices are located at 525 Market St., 12th Floor, San Francisco, CA 94105. 

 

Item 2(a).

 

Name of Person Filing

This statement is being jointly filed by Trust Asset Management, LLC., a Delaware limited liability company (“TAM”) and NorthStar Memorial Group, LLC, a Delaware limited liability company (“NorthStar”). ([2])

 

The Reporting Persons have entered into a Joint Filing Agreement, dated January 26, 2017, a copy of which is filed with this Schedule 13G/A as Exhibit 1, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.

 

Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

 

The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Shares reported herein.

Item 2(b).

 

Address of Principal Business Office or, if none, Residence

The business address of both Trust Asset Management, LLC and NorthStar Memorial Group, LLC is 1900 St. James Place, Suite 300, Houston, Texas 77056.

Item 2(c).

 

Citizenship

Trust Asset Management, LLC and NorthStar Memorial Group, LLC are both limited liability companies organized under the laws of the State of Delaware.  

Item 2(d).

 

Title of Class of Securities

Common Shares.

Item 2(e).

 

CUSIP Number

94987B105

 

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

(a)

o

Broker or dealer registered under section 15 of the Act;

 

(b)

o

Bank as defined in section 3(a)(6) of the Act;

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act;

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940;

 

(e)

x

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

 

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act;

 

(j)

o

A non-U.S. institution in accordance with Rule 13d–1(b)(1)(ii)(J);

 

(k)

o

Group, in accordance with Rule 13d–1(b)(1)(ii)(K).

 

 


([2]) TAM provides investment advisory services to clients that are trusts formed for various regulatory purposes related to the operating business of NorthStar, as prescribed by various state laws.  Pursuant to the terms of each trust agreement governing each of the trusts, NorthStar has no voting rights or rights of disposition.

 

4



 

CUSIP No. 94987B105

13G

 

 

Item 4.

Ownership

 

 

The information required by Items 4(a) - (c) is set forth in Rows (5) - (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.

 

Item 5.

Ownership of Five Percent or Less of a Class

 

 

Not applicable.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

 

 

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

 

See Exhibit 2.

 

Item 8.

Identification and Classification of Members of the Group

 

 

Not applicable.

 

Item 9.

Notice of Dissolution of Group

 

 

Not applicable.

 

 

5



 

CUSIP No. 94987B105

13G

 

 

Item 10.

Certification

By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

SIGNATURES

 

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

DATED: January 26, 2017

 

TRUST ASSET MANAGEMENT, LLC.

 

 

 

 

 

By:

/s/ Riley Salyer

 

Name:

Riley Salyer

 

Title:

Authorized Signatory

 

 

 

 

 

NORTHSTAR MEMORIAL GROUP, LLC

 

 

 

 

 

By:

/s/ Mark Shinder

 

Name:

Mark Shinder

 

Title:

Executive Vice President

 

 

6



 

CUSIP No. 94987B105

13G

 

 

EXHIBIT 1

JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(k)

 

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

 

DATED: January 26, 2017

 

TRUST ASSET MANAGEMENT, LLC.

 

 

 

 

 

By:

/s/ Riley Salyer

 

Name:

Riley Salyer

 

Title:

Authorized Signatory

 

 

 

 

 

NORTHSTAR MEMORIAL GROUP, LLC

 

 

 

 

 

By:

/s/ Mark Shinder

 

Name:

Mark Shinder

 

Title:

Executive Vice President

 

 

7



 

CUSIP No. 94987B105

13G

 

 

EXHIBIT 2

LIST OF SUBSIDIARIES

 

50th State Funeral Plan, LLC

 

Hawaiian Memorial Park Mortuary, LLC

 

Homelani Memorial Park, LLC

 

Kona Memorial Park, LLC

 

Lifemark Group, Inc.

 

Maui Funeral Plan, LLC

 

Maui Memorial Park, LLC

 

Mountain View Cemetery, Inc.

 

Nakamura Mortuary, LLC

 

NorthStar Cemetery Services of Arizona, LLC

 

NorthStar Cemetery Services of California, LLC

 

NorthStar Cemetery Services of Florida, LLC

 

NorthStar Cemetery Services of Ohio, LLC

 

NorthStar Cemetery Services of Oklahoma, LLC

 

NorthStar Cemetery Services of Tennessee, LLC

 

NorthStar Cemetery Services of Texas, LLC

 

NorthStar Cemetery Services of Washington, LLC

 

NorthStar Cemetery Texas — San Jacinto, LLC

 

NorthStar Funeral Services of Arizona, LLC

 

NorthStar Funeral Services of California, LLC

 

NorthStar Funeral Services of Florida, LLC

 

NorthStar Funeral Services of Ohio, LLC

 

NorthStar Funeral Services of Oklahoma, LLC

 

8



 

CUSIP No. 94987B105

13G

 

 

NorthStar Funeral Services of Tennessee, LLC

 

NorthStar Funeral Services of Texas, LLC

 

NorthStar Funeral Services of Washington, LLC

 

NorthStar Graceland, LLC

 

NorthStar Hillcrest, LLC

 

NorthStar Lakeside, LLC

 

NorthStar Lakeview, LLC

 

NorthStar Palm Beach, LLC

 

NorthStar Royal Palm, LLC

 

Quantum, Inc.

 

Smart Cremation, LLC

 

Sunset Memorial Park Association

 

Valley of the Temples, LLC

 

9