-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V14lB3AbNpkUd34igIKW+zLFE/gYQL+qulGImGIF0B8IPaysTIVK91Vl70h+CWuM o3g/I4LuQbNMUzMpXwEmQw== 0001010192-08-000053.txt : 20080212 0001010192-08-000053.hdr.sgml : 20080212 20080212161018 ACCESSION NUMBER: 0001010192-08-000053 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080212 DATE AS OF CHANGE: 20080212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RMR ASIA REAL ESTATE FUND CENTRAL INDEX KEY: 0001385617 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-83707 FILM NUMBER: 08598563 BUSINESS ADDRESS: STREET 1: 400 CENTRE STREET CITY: NEWTON STATE: MA ZIP: 02458 BUSINESS PHONE: 617 332-9530 MAIL ADDRESS: STREET 1: 400 CENTRE STREET CITY: NEWTON STATE: MA ZIP: 02458 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Roumell Asset Management, LLC CENTRAL INDEX KEY: 0001331693 IRS NUMBER: 522145132 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2 WISCONSIN CIR STREET 2: SUITE 660 CITY: CHEVY CHASE STATE: MD ZIP: 20815 BUSINESS PHONE: 301-656-8500 MAIL ADDRESS: STREET 1: 2 WISCONSIN CIR STREET 2: SUITE 660 CITY: CHEVY CHASE STATE: MD ZIP: 20815 SC 13G 1 rmr-asia13g.txt SCHEDULE 13G (ROUMELL ASSET MANAGEMENT, LLC) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Under the Securities Exchange Act of 1934 RMR Asia Real Estate Fund - ------------------------------------------------------------------------------- (Name of Issuer) Common Shares of Beneficial Interest, $0.001 par value - ------------------------------------------------------------------------------- (Title of Class of Securities) 74964Q101 - ------------------------------------------------------------------------------- (CUSIP Number) December 31, 2007 - ------------------------------------------------------------------------------- (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) |_| Rule 13d-1(c) |_| Rule 13d-1(d) 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). - ------------------------------------------------------------------------------ Name of Reporting Person. 1. I.R.S. Identification Nos. of above persons (entities only). Roumell Asset Management, LLC 52-2145132 - ------------------------------------------------------------------------------ Check the Appropriate Box if a Member of a Group (See Instructions) (a) |_| 2. (b) |_| - ------------------------------------------------------------------------------ SEC Use Only 3. - ------------------------------------------------------------------------------ Citizenship or Place of Organization 4. Maryland - ------------------------------------------------------------------------------ Number of Sole Voting Power 5. Shares 0 Beneficially --------------------------------------------- Shared Voting Power Owned By 6. Each 250,940 Reporting --------------------------------------------- Sole Dispositive Power Person 7. 250,940 With: --------------------------------------------- Shared Dispositive Power 8. 0 - ------------------------------------------------------------------------------ Aggregate Amount Beneficially Owned by Each Reporting Person 9. 250,940 - ------------------------------------------------------------------------------ Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 10. |_| Not Applicable - ------------------------------------------------------------------------------ Percent of Class Represented by Amount in Row (9) 11. Approximately 5.3% (based on the 4,755,000 common shares of beneficial interest outstanding as of June 30, 2007, as reported on the Issuer's Certified Shareholder Report on Form N-CSR filed August 17, 2007). - ------------------------------------------------------------------------------ Type of Reporting Person (See Instructions) 12. IA - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Item 1(a). Name of Issuer: RMR Asia Real Estate Fund - ----------------------------- ------------------------------------------------ Item 1(b). Address of Issuer's Principal Executive Offices: 400 Centre Street, Newton, Massachusetts 02458 - ------------------------------------------------------------------------------ Item 2(a). Name of Persons Filing: Roumell Asset Management, LLC ("RAM") - ------------------------------------------------------------------------------ Item 2(b). Address of Principal Business Office or, if none, Residence: 2 Wisconsin Circle, Suite 660, Chevy Chase, MD 20815 - ------------------------------------------------------------------------------ Item 2(c). Citizenship: Maryland - ------------------------------------------------------------------------------ Item 2(d). Title of Class of Securities: Common Shares of Beneficial Interest, $0.001 par value - ------------------------------------------------------------------------------ Item 2(e). CUSIP Number: 74964Q101 - ------------------------------------------------------------------------------ Item 3. If this statement is filed pursuant to Rule 13(d)-1(b), or 13(d)-2(b), or (c), check whether the person filing is a: (a) |_| Broker or dealer registered under Section 15 of the Exchange Act. (b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act. (c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) |_| 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) |_| An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) |_| A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) |_| A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. (a) Amount beneficially owned: See Items 5-11 on the cover sheet of this Schedule 13G. --------------------------------------------------------------------- (b) Percent of class: 5.3% Based on the 4,755,000 common shares of beneficial interest outstanding as of June 30, 2007, as reported on the Issuer's Certified Shareholder Report on Form N-CSR filed August 17, 2007. --------------------------------------------------------------------- (c) Number of shares as to which each person has: (i) Sole power to vote or to direct the vote 0 ------------------- (ii) Shared power to vote or to direct the vote 250,940 ------------------- (iii) Sole power to dispose or to direct the disposition of 250,940 ------------------- (iv) Shared power to dispose or to direct the disposition of 0 ------------------- 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. RAM has been granted discretionary dispositive power over its clients' securities and in some instances has voting power over such securities. Any and all discretionary authority which has been delegated to RAM may be revoked in whole or in part at any time. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution Group. Not applicable. Item. 10. Certification. By signing below, the undersigned (i) certifies that, to the best of his knowledge and belief, the securities reported herein were acquired in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired and are not held in connection with or as a participant in any transaction having such purposes or effect and (ii) hereby declares and affirms that the filing of this Schedule 13G shall not be construed as an admission that the reporting person is the beneficial owner of the securities reported herein, which beneficial ownership is hereby expressly denied (except for such shares, if any, reported herein as beneficially owned by RAM, for its own account). SIGNATURES 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. February 11, 2008 --------------------------------------------------- (Date) /s/ James C. Roumell --------------------------------------------------- (Signature) James C. Roumell, President --------------------------------------------------- (Name/Title) -----END PRIVACY-ENHANCED MESSAGE-----