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13D Filing: Bulldog Investors and Korea Equity Fund Inc (KEF)

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Bulldog Investors 1,726,574 301,529 1,726,574 301,529 20.82%
Bulldog Investors Group of Funds 1,726,574 0 1,726,574 0 17.73%
Phillip Goldstein 1,726,574 301,529 1,726,574 301,529 20.82%
Andrew Dakos 1,726,574 301,529 1,726,574 301,529 20.82%
Steven Samuels 1,726,574 301,529 1,726,574 301,529 20.82%
Phillip Goldstein, Andrew Dakos And Steven Samuels
Phillip Goldstein, Andrew Dakos And Steven Samuels
Bulldog Investors

Page 1 of 1 – SEC Filing

SCHEDULE 13D/A

DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
6/21/17

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
1,726,574

8. SHARED VOTING POWER
301,529

9. SOLE DISPOSITIVE POWER
1,726,574
_______________________________________________________

10. SHARED DISPOSITIVE POWER
301,529

2,028,103 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

20.82%

14. TYPE OF REPORTING PERSON

IA

___________________________________________________________
1. NAME OF REPORTING PERSON
Bulldog Investors Group of Funds

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
DE
___________________________________________________________

7. SOLE VOTING POWER
1,726,574

8. SHARED VOTING POWER
0

9. SOLE DISPOSITIVE POWER
1,726,574
_______________________________________________________

10. SHARED DISPOSITIVE POWER
0

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,726,574 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

17.73%

14. TYPE OF REPORTING PERSON

IC

___________________________________________________________
1. NAME OF REPORTING PERSON
Phillip Goldstein

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
1,726,574

8. SHARED VOTING POWER
301,529

9. SOLE DISPOSITIVE POWER
1,726,574
_______________________________________________________

10. SHARED DISPOSITIVE POWER
301,529

2,028,103 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

20.82%

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
1,726,574

8. SHARED VOTING POWER
301,529

9. SOLE DISPOSITIVE POWER
1,726,574
_______________________________________________________

10. SHARED DISPOSITIVE POWER
301,529

2,028,103 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

20.82%

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
1,726,574

8. SHARED VOTING POWER
301,529

9. SOLE DISPOSITIVE POWER
1,726,574
_______________________________________________________

10. SHARED DISPOSITIVE POWER
301,529

2,028,103 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11

20.82%

14. TYPE OF REPORTING PERSON

IN
_______________________________________________________

Item 1. SECURITY AND ISSUER

This statement constitutes Amendment #11 to the schedule 13d
filed October 3, 2016. Except as specifically set forth
herein, the Schedule 13d remains unmodified.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSRS filed on June 19, 2017, there were 9,740,623 shares
of common stock outstanding as of April 30, 2017. 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 June 21, 2017, Bulldog Investors, LLC is deemed to be the beneficial
owner of 2,028,103 shares of KEF (representing 20.82% of KEF’s outstanding
shares) solely by virtue of Bulldog Investors LLC’s power to direct the vote
of,and dispose of, these shares. These 2,028,103 shares of KEF include 1,726,574
shares (representing 17.73% of KEF’s outstanding shares) that are beneficially
owned by the following entities over which Messrs. Goldstein, Dakos and
Samuels exercise control: Bulldog Investors General Partship, 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,
Mercury Partners LP, Steady Gain 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 2,028,103 shares of KEF 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 301,529
(representing 3.10% of KEF’s outstanding shares).

(b)Bulldog Investors,LLC has sole power to dispose of and vote 1,726,574 shares.
Bulldog Investors, LLC has shared power to dispose of and vote 301,529 shares.
Certain of Bulldog Investors, LLC’s clients (none of whom beneficially own more
than 5% of KEF’s shares) share this power with Bulldog Investors, LLC. Messrs.
Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC.

c) Since the last filing on 6/8/17 the following shares of KEF were purchased:

Date: Shares: Price:
06/12/17 50,000 9.5300
06/15/17 3,700 9.5124
06/20/17 25,000 9.5397
06/20/17 2,000 9.5400
06/21/17 20,200 9.5294

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
None

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: 6/21/17

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.

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