-----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, SrHwf1cBh3qnp0cCem74XSyZ9cAacOafXCZ+afgCiWNXI/sfw2IrOxgGHlE3OiRG Fcr7FwtJhQtSDXyjlMtK1A== 0001193125-10-004166.txt : 20100111 0001193125-10-004166.hdr.sgml : 20100111 20100111133007 ACCESSION NUMBER: 0001193125-10-004166 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100111 DATE AS OF CHANGE: 20100111 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Cypress Sharpridge Investments, Inc. CENTRAL INDEX KEY: 0001396446 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 204072657 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84921 FILM NUMBER: 10519675 BUSINESS ADDRESS: STREET 1: 65 EAST 55TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 705-0160 MAIL ADDRESS: STREET 1: 65 EAST 55TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TALON ASSET MANAGEMENT, LLC CENTRAL INDEX KEY: 0001007614 IRS NUMBER: 203708262 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 N FRANKLIN STREET 2: SUITE 900 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3124225400 MAIL ADDRESS: STREET 1: 1 N FRANKLIN SUITE 900 CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: TALON ASSET MANAGEMENT INC DATE OF NAME CHANGE: 19960212 SC 13G/A 1 dsc13ga.txt CYPRESS SHARPRIDGE INVESTMENTS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1)* Cypress Sharpridge Investments, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 23281A307 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2009 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [X] Rule 13d-1(c) [_] Rule 13d-1(d) * 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). Page 1 of 9 pages CUSIP No. 23281A307 13G Page 2 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Talon Asset Management, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] Not Applicable (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,934,390 OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH None ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,934,390 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,934,390 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not Applicable [_] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.6% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- CUSIP No. 23281A307 13G Page 3 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Talon Sharpridge, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] Not Applicable (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None ----------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 937,141 OWNED BY ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH None ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 937,141 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 937,141 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not Applicable [_] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- Item 1(a) Name of Issuer: Cypress Sharpridge Investments, Inc. (the "Issuer") Item 1(b) Address of Issuer's Principal Executive Offices: 65 East 55th Street New York, NY 10022 Item 2(a) Name of Persons Filing: Talon Sharpridge, LLC ("Sharpridge") Talon Asset Management, LLC, ("TAM"), the manager of Sharpridge, Talon Sharpridge QP, LLC ("Sharpridge QP") and Talon Opportunity Managers, LLC ("TOM"), which is the general partner of Talon Opportunity Partners, L.P. ("TOP") Item 2(b) Address of Principal Business Office: TAM and Sharpridge both are located at: One North Franklin Street, Suite 900 Chicago, Illinois 60606 Item 2(c) Citizenship: TAM and Sharpridge are Delaware limited liability companies. Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: 23281A307 Item 3 Type of Person: (e) TAM is an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); TAM is the manager of Sharpridge. Page 4 of 9 Pages Item 4 Ownership (at December 31, 2009): (a) Amount owned "beneficially" within the meaning of rule 13d-3: 1,934,390 shares of common stock (b) Percent of class: 10.6% (based on 18,215,528 shares of common stock outstanding, as reported in the Issuer's 10-Q filed October 22, 2009) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: none (ii) shared power to vote or to direct the vote: 1,934,390 (iii) sole power to dispose or to direct the disposition of: none (iv) shared power to dispose or to direct disposition of: 1,934,390 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: As reported herein, TAM, as the manager of Sharpridge, Sharpridge QP and TOM, the general partner of TOP, holds 1,934,390 shares. This total includes 937,141 shares on behalf of Sharpridge; 312,491 shares on behalf of Sharpridge QP; 90,000 shares on behalf of TOP; and 594,758 shares on behalf of separately managed client accounts of TAM. From time to time, TOP may make distributions of partnership income to limited partners, none of which has an interest relating to more than 5% of the class. 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 Page 5 of 9 Pages Item 9 Notice of Dissolution of Group: Not Applicable Item 10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. Page 6 of 9 Pages Signature --------- 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. Date: January 11, 2010 The undersigned, on the date above written, agrees and consents to the joint filing on its behalf of this Schedule 13G in connection with its beneficial ownership of the security reported herein. TALON ASSET MANAGEMENT, LLC /s/ William Wolf ---------------------------------------- Signature William Wolf/Chief Operating Officer ---------------------------------------- Name/Title TALON SHARPRIDGE, LLC By: Talon Asset Management, LLC Its Manager /s/ William Wolf ---------------------------------------- Signature William Wolf/Chief Operating Officer ---------------------------------------- Name/Title Page 7 of 9 Pages Exhibit Index ------------- Exhibit 1 Joint Filing Agreement dated as of January 11, 2010 by and among Talon Asset Management, LLC and Talon Sharpridge, LLC Page 8 of 9 Pages EXHIBIT 1 JOINT FILING AGREEMENT The undersigned hereby agree to the joint filing of the Schedule 13G to which this Agreement is attached. Dated: January 11, 2010 TALON ASSET MANAGEMENT, LLC /s/ William Wolf ---------------------------------------- Signature William Wolf/Chief Operating Officer ---------------------------------------- Name/Title TALON SHARPRIDGE, LLC By: Talon Asset Management, LLC Its Manager /s/ William Wolf ---------------------------------------- Signature William Wolf/Chief Operating Officer ---------------------------------------- Name/Title -----END PRIVACY-ENHANCED MESSAGE-----