-----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, WmCPuw5YlZLqxB9DdeHi0un8TYMl94gPshATQ6r6wiqH2h5KIx0PAe6M7Lzsg9BT bib5o8WkUrBATRhC2vYYsg== 0001048703-04-000085.txt : 20040610 0001048703-04-000085.hdr.sgml : 20040610 20040610132446 ACCESSION NUMBER: 0001048703-04-000085 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040610 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KARPUS MANAGEMENT INC CENTRAL INDEX KEY: 0001048703 IRS NUMBER: 161290550 STATE OF INCORPORATION: NY FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 14 TOBEY VILLAGE OFFICE PARK CITY: PITTSFORD STATE: NY ZIP: 14534 BUSINESS PHONE: 7165864680 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEW GERMANY FUND INC CENTRAL INDEX KEY: 0000858706 IRS NUMBER: 133555471 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49307 FILM NUMBER: 04857830 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2124741694 MAIL ADDRESS: STREET 1: 280 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: LENOX FUND INC DATE OF NAME CHANGE: 19900115 SC 13D/A 1 gf06-04.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Amendment No. 2) Under the Securities and Exchange Act of 1934 New Germany Fund, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 644465106 (CUSIP Number) George W. Karpus, President Karpus Management, Inc. d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 (585) 586-4680 (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications) June 7, 2004 (Date of Event which Requires Filing of this Statement) If the 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 Rule 13d-1 (b) (3) or (4), check the following box. [ ] (Page 1 of 5 pages) There are no exhibits. ITEM 1 Security and Issuer Common Stock New Germany Fund, Inc. Two International Place Boston, MA 02110-4103 ITEM 2 Identity and Background a) Karpus Management, Inc. d/b/a Karpus Investment Management (?KIM?) George W. Karpus, President, Director and Controlling Stockholder Jo Ann Van Degriff, Vice President and Director Sophie Karpus, Director b) 183 Sullys Trail Pittsford, New York 14534 c) Principal business and occupation - Investment Management for individuals, pension and profit sharing plans, corporations, endowments, trust and others, specializing in conservative asset management (i.e. fixed income investments). d) None of George W. Karpus, JoAnn Van Degriff, or Sophie Karpus (?the Principals?) or KIM has been convicted in the past five years of any criminal proceeding (excluding traffic violations). e) During the last five years none of the principals or KIM 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 Principals is a United States citizen. KIM is a New York corporation. ITEM 3 Source and Amount of Funds or Other Considerations KIM, an independent investment advisor, has accumulated shares of GF on behalf of accounts that are managed by KIM (?the Accounts?) under limited powers of attorney. All funds that have been utilized in making such purchases are from such Accounts. ITEM 4 Purpose of Transaction KIM has purchased Shares for investment purposes. Being primarily a fixed income manager, with a specialty focus in the closed end fund sector, the profile of GF fit the investment guidelines for various Accounts. Shares have been acquired since April 21, 1992. ITEM 5 Interest in Securities of the Issuer A) As of the date of this Report, KIM owns 853,603 shares, which represents 6.13% of the outstanding Shares. Karpus Investment Management Profit Sharing Plan presently owns 7380 shares purchased on September 8, 2003 at $5.87 (50 shares), September 10 at $5.82 (50 shares), September 15 at $5.91 (50 shares), September 16 at $5.92 (100 shares), September 23 at $5.98 (50 shares), September 24 at $5.97 (150 shares), September 25 & 29 at $5.93 (310 shares), September 26 at $5.86 (50 shares), October 1 at $5.86 (50 shares), October 6 at $5.97 (50 shares), October 9 at $6.18 (200 shares), October 14 at $6.37 (350 shares), October 17 at $6.37 (100 shares), October 20 at $6.45 (100 shares), October 22 at $6.46 (50 shares), October 23 at $6.36 (50 shares), October 30 at $6.62 (100 shares), November 24 at $6.67 (400 shares), December 3 & 4 at $7.13 (1100 shares), January 8, 2004 at $7.54 (1095 shares), January 12 at $7.64 (95 shares), January 27 at $7.98 (1865 shares), March 5 at $7.97 (50 shares), and March 8 at $8.01 (15 shares), May 24, 2004 at $6.98 (900 shares). Jo Ann Van Degriff presently owns 1600 shares purchased on October 22, 2003 at $6.52. George W. Karpus presently owns 4,815 shares purchased January 12, 2004 at $7.64 (1815 shares) and at $7.65 (800 shares), May 18 at $6.80 (200 shares), and May 20 at $6.89 (2000 shares). Dana R. Consler presently owns 1175 shares purchased November 3, 2003 at $6.90 (100 shares), November 19 & 20 at $6.65 (295 shares), and March 30, 2004 at $7.26 (780 shares). None of the other Principles of KIM presently owns shares of GF. b) KIM has the sole power to dispose of and to vote all of such Shares under limited powers of attorney. c) Open market purchases for the last 60 days for the Accounts. There have been no dispositions and no acquisitions, other than by such open market purchases, DATE SHARES PRICE PER DATE SHARES PRICE PER SHARE SHARE 4/1/2004 4465 7.47 5/3/2004 1300 7.41 4/2/2004 900 7.4 5/4/2004 2600 7.51 4/5/2004 - -3605 7.45 5/5/2004 2255 7.49 4/8/2004 660 7.55 5/6/2004 4300 7.39 4/13/2004 5390 7.61 5/11/2004 2110 6.89 4/14/2004 300 7.43 5/14/2004 590 6.86 4/16/2004 1000 7.49 5/18/2004 1665 6.83 4/20/2004 5010 7.54 5/19/2004 2000 7.00 4/21/2004 1340 7.43 5/20/2004 2000 6.89 4/28/2004 2700 7.46 5/21/2004 2000 6.97 4/29/2004 7345 7.35 5/24/2004 4335 7.01 5/26/2004 3320 7.10 5/27/2004 1300 7.22 5/28/2004 5250 7.21 The Accounts have the right to receive all dividends from, any proceeds from the sale of the Shares. KIM reserves the right to further accumulate or sell shares. None of the Accounts has an interest in shares constituting more than 5% of the Shares outstanding. ITEM 6 Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer. Except as described above, there are no contracts, arrangements, understandings or relationships of any kind among the Principals and KIM and between any of them and any other person with respect to any of GF Securities. ITEM 7 Materials to be Filed as Exhibits Not applicable. 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. Karpus Management, Inc. June 9, 2004 By:________________________ Date Signature Dana R. Consler, Vice President Name/Title -----END PRIVACY-ENHANCED MESSAGE-----