0000769317-05-000015.txt : 20120703
0000769317-05-000015.hdr.sgml : 20120703
20050218103155
ACCESSION NUMBER: 0000769317-05-000015
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050218
DATE AS OF CHANGE: 20050218
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: OPPENHEIMER MULTI SECTOR INCOME TRUST
CENTRAL INDEX KEY: 0000829801
IRS NUMBER: 133448960
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-80194
FILM NUMBER: 05626051
BUSINESS ADDRESS:
STREET 1: 6803 SOUTH TUCSON WAY
STREET 2: N/A
CITY: CENTENNIAL
STATE: CO
ZIP: 80112-3924
BUSINESS PHONE: 303-768-3200
MAIL ADDRESS:
STREET 1: 6803 SOUTH TUCSON WAY
STREET 2: N/A
CITY: CENTENNIAL
STATE: CO
ZIP: 80112-3924
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SIT INVESTMENT ASSOCIATES INC
CENTRAL INDEX KEY: 0000769317
IRS NUMBER: 411404829
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 4600 NORWEST CENTER
STREET 2: 90 SOUTH SEVENTH STREET
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55402
BUSINESS PHONE: 6123323223
MAIL ADDRESS:
STREET 1: 4600 NORWEST CENTER
STREET 2: 90 SOUTH SEVENTH STREET
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55402
SC 13D/A
1
oms13d21805.txt
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Oppenheimer Multi-Sector Income Trust, Inc.
(OMS)
- -----------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -----------------------------------------------------------------------------
(Title of Class of Securities)
683933105
- -----------------------------------------------------------------------------
(CUSIP Number)
Paul E. Rasmussen
3300 IDS Center
80 South Eighth Street
Minneapolis, MN 55402-4130
- -----------------------------------------------------------------------------
(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 18, 2005
- -----------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. [ ]
* 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 an subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on 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).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a
currently valid OMB control number.
Page 1 of 5
CUSIP No. 683933105
- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Sit Investment Associates, Inc. IRS Identification No. 41-1404829
See Exhibit 1 for schedule of affiliated entities.
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions) (a) [ ]
(b) [x]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00 Cash deposited in investment accounts regarding which Sit Investment
Associates, Inc. and Sit Investment Fixed Income Advisors, Inc. have
investment discretion.
- -----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated in Minnesota
- -----------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 2,871,300 Shares
SHARES -----------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY
EACH -----------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH 2,871,300 Shares
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON
2,871,300 Shares
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See instructions) [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.82%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See instructions)
IA
- --------------------------------------------------------------------------
Page 2 of 5
ITEM 1 Security and Issuer
Common Stock
Oppenheimer Multi-Sector Income Trust, Inc.
Oppenheimer Funds
Two World Financial Center
225 Liberty Street
New York, NY 10281-1008
ITEM 2 Identity and Background
a) Sit Investment Associates, Inc. ("SIA")
Eugene C. Sit, Chairman, CEO, and Chief Investment Officer
Peter L. Mitchelson, President, Senior Investment Officer, and
Director
Michael C. Brilley, Sr. VP and Sr. Fixed Income Officer
Roger J. Sit, Executive VP - Research & Investment Mgt.
Paul E. Rasmussen, Vice President, Secretary
Frederick R. Adler, Director
Norman Bud Grossman, Director
b) Incorporated in the State of Minnesota
3300 IDS Center, 80 South Eighth Street, Minneapolis, MN 55402
c) Investment Management
d) None of the individuals listed above or SIA has been convicted
during the last 5 years of any criminal proceeding (excluding
traffic violations).
e) During the last five years none of the individuals listed above or
SIA has been a party to a civil proceeding as a result of which any
of them is subject to a judgment, decree, or final order enjoining
future violations of or prohibiting or mandating activities
subject to, federal or state securities laws or finding any
violation with respect to such laws.
f) Each of the individuals listed above is a United States citizen.
ITEM 3 Source and Amount of Funds or Other Considerations
00 Cash deposited in investment accounts regarding which Sit Investment
Associates, Inc. and Sit Investment Fixed Income Advisors, Inc. have
investment discretion.
ITEM 4 Purpose of Transaction
Shares of the Issuer have been acquired and sold over a period of time
beginning February 3, 2000, in the ordinary course of business as an
investment manager for investment purposes.
The shares of the Issuer have been trading at a significant discount to
net asset value for much of the past several years. Sit Investment
Associates, Inc. ("SIA") and its subsidiaries, Sit Investment Fixed
Income Advisers, Inc. ("SIFIA"), and Sit Fixed Income Advisers II, LLC
("SFI") have determined that it is in the best interests of certain of
their clients to seek to obtain the adoption of policies or strategies
by the Issuer that would tend to reduce or eliminate the discount at which
the shares of the Issuer will trade in the future, or that would otherwise
enable shareholders to liquidate shares of the Issuer at the Issuer's net
asset value. SIA, SIFIA and SFI otherwise do not seek to influence or
control the management of the Issuer.
SIA, SIFIA and SFI will continue to acquire and sell shares of the Issuer
on behalf of its clients for investment purposes in the ordinary course
of business and will vote such additionally acquired shares in favor of
any proposal submitted to shareholders that satisfactorily meets the
objectives discussed above.
Page 3 of 5
ITEM 5 Interest in Securities of the Issuer
a) As of February 18, 2005, Sit Investment Associates, Inc.
("SIA") and its affiliates own 2,871,300 shares that represents
9.82% of the outstanding Shares. None of the executive officers
or directors of SIA owns any other shares.
Entity Shares Percentage
---------------- --------- ---------
SIA (client accounts) 2,871,300 9.82%
-------- -------
Total Owned by SIA and Affiliated Entities 2,871,300 9.82%
b) SIA has the sole power to vote and dispose of all of such shares.
c) Shares have been sold and acquired since January 21, 2005
as previously reported. Transactions (all open market transactions)
effected since January 21, 2005 ranged in price from $8.58 to $9.42.
d) Client accounts have the right to receive all dividends from and
any proceeds from the sale of the shares. None of the client
accounts owns more than 5% of the shares outstanding.
e) Not applicable
ITEM 6 Contracts, Arrangements, Understandings, or Relationships with Respect
to Securities of the Issuer
Sit Investment Associates, Inc. or its affiliates has entered into
investment management agreements with each of its clients pursuant to
which Sit Investment Associates, Inc. or its affiliates has assumed
the responsibility to vote on behalf of its clients all shares held
by its clients in portfolios managed by Sit Investment Associates,
Inc. and affiliates.
ITEM 7 Materials to be Filed as Exhibits
Not applicable.
Page 4 of 5
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.
------------------
February 18, 2005
Sit Investment Associates, Inc.
By: /s/ Paul E. Rasmussen
-----------------------------------
Name/Title: Paul E. Rasmussen, Vice President
EXHIBIT 1
The Reporting Person.
Sit Investment Associates, Inc. ("SIA") is an Investment Adviser registered
under section 203 of the Investment Advisers Act of 1940.
SIA has four subsidiaries, each of which are registered Investment Advisers:
Sit Investment Fixed Income Advisors ("SIFIA")
Sit Fixed Income Advisors II, LLC ("SFI")
Sit/Kim International Investment Associates, Inc.
Sit/Kim International Investment Associates II, LLC
SIA is the Investment Advisor for fourteen mutual funds (the "Funds") which
are comprised of seven registered investment companies, three of that consist of
series funds as listed below. SIA has the voting power and dispositive power
for all securities held in SIA client accounts and the following fourteen
mutual funds.
1) Sit Mid Cap Growth Fund, Inc.
2) Sit Large Cap Growth Fund, Inc.
3) Sit U.S. Government Securities Fund, Inc.
4) Sit Money Market Fund, Inc.
Sit Mutual Funds, Inc.
5) Sit International Growth Fund (series A)
6) Sit Balanced Fund (series B)
7) Sit Developing Markets Growth Fund (series C)
8) Sit Small Cap Growth fund (series D)
9) Sit Science and Technology Growth Fund (Series E)
10) Sit Dividend Growth Fund (Series G)
Sit Mutual Funds II, Inc.
11) Sit Tax-Free Income Fund (series A)
12) Sit Minnesota Tax-Free Income Fund (series B)
13) Sit Bond Fund (series C)
Sit Mutual Funds Trust
14) Sit Florida Tax-Free Income Fund (Series A)
Of the affiliated entities indicated above, only SIA (client accounts), SIFIA
(client accounts) and SFI (client accounts) beneficially owned shares of the
Oppenheimer Multi-Sector Income Trust, Inc. common stock as of February 18,
2005.
Page 5 of 5