Page 22 of 32 – SEC Filing Item 4. Purpose of Transaction.
Item 4 is hereby amended to add the following: On March 29, 2016, Bulldog Investors, LLC sent a letter to the independent directors on the board of directors of the Issuer. The letter is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 51,701,442 Shares outstanding as of March 9, 2016, which is the total number of Shares outstanding as reported in the Issuer’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 29, 2016. A. Full Value Partners, L.P.
(a) As of the close of business on March 29, 2016, Full Value Partners, L.P. beneficially owned 716,946 Shares.
Percentage: Approximately 1.39% (b) 1. Sole power to vote or direct vote: 716,946
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 716,946
4. Shared power to dispose or direct the disposition: 0 (c) Full Value Partners did not enter into any transactions in the Shares since the filing of Amendment No. 1 to the Schedule 13D.
B. Bulldog Investors, LLC
(a) Bulldog Investors, LLC may be deemed the beneficial owner of 3,928,831 Shares, consisting of the following: (i) 716,946 Shares owned by Full Value Partners, L.P., for which Bulldog Investors, LLC serves as investment adviser, (ii) 17,912 Shares held by Phillip Goldstein, a member of Bulldog Investors, LLC; and (iii) 3,193,973 Shares held by clients of Bulldog Investors, LLC.
Percentage: Approximately 7.60% (b) 1. Sole power to vote or direct vote: 2,063,331
2. Shared power to vote or direct vote: 1,865,500
3. Sole power to dispose or direct the disposition: 2,063,331
4. Shared power to dispose or direct the disposition: 1,865,500
(c) Bulldog Investors, LLC on behalf of its clients did not enter into any transactions in the Shares since the filing of Amendment No. 1 to the Schedule 13D.
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| Item 4. | Purpose of Transaction. |
Item 4 is hereby amended to add the following:
On March 29, 2016, Bulldog Investors, LLC sent a letter to the independent directors on the board of directors of the Issuer. The letter is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
| Item 5. | Interest in Securities of the Issuer. |
Item 5 is hereby amended and restated to read as follows:
The aggregate percentage of Shares reported owned by each person named herein is based upon 51,701,442 Shares outstanding as of March 9, 2016, which is the total number of Shares outstanding as reported in the Issuer’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 29, 2016.
| A. | Full Value Partners, L.P. |
| | (a) | As of the close of business on March 29, 2016, Full Value Partners, L.P. beneficially owned 716,946 Shares. |
Percentage: Approximately 1.39%
| | (b) | 1. Sole power to vote or direct vote: 716,946 |
| | 2. Shared power to vote or direct vote: 0 |
| | 3. Sole power to dispose or direct the disposition: 716,946 |
4. Shared power to dispose or direct the disposition: 0
| | (c) | Full Value Partners did not enter into any transactions in the Shares since the filing of Amendment No. 1 to the Schedule 13D. |
| B. | Bulldog Investors, LLC |
| | (a) | Bulldog Investors, LLC may be deemed the beneficial owner of 3,928,831 Shares, consisting of the following: (i) 716,946 Shares owned by Full Value Partners, L.P., for which Bulldog Investors, LLC serves as investment adviser, (ii) 17,912 Shares held by Phillip Goldstein, a member of Bulldog Investors, LLC; and (iii) 3,193,973 Shares held by clients of Bulldog Investors, LLC. |
Percentage: Approximately 7.60%
| | (b) | 1. Sole power to vote or direct vote: 2,063,331 |
| | 2. Shared power to vote or direct vote: 1,865,500 |
| | 3. Sole power to dispose or direct the disposition: 2,063,331 |
| | 4. Shared power to dispose or direct the disposition: 1,865,500 |
| | (c) | Bulldog Investors, LLC on behalf of its clients did not enter into any transactions in the Shares since the filing of Amendment No. 1 to the Schedule 13D. |
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