-----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, Ow9FR2phQLbjcYToXh3QsqjSXk3aoyr5oB2fg2eXr9ZNQusuDYiIJuzFSaXRAL+/ RwOuaudaf5UNB7GWeKxPOw== 0001048703-05-000160.txt : 20051011 0001048703-05-000160.hdr.sgml : 20051010 20051007184221 ACCESSION NUMBER: 0001048703-05-000160 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051011 DATE AS OF CHANGE: 20051007 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: 051130479 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154 BUSINESS PHONE: 800-437-6269 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154 FORMER COMPANY: FORMER CONFORMED NAME: LENOX FUND INC DATE OF NAME CHANGE: 19900115 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 SC 13D/A 1 gf10-05.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Amendment No. 17) Under the Securities and Exchange Act of 1934 New Germany Fund, Inc. (GF) (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) October 7, 2005 (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 1,399,145 shares, which represents 5.48 % of the outstanding Shares. Karpus Investment Management Profit Sharing Plan presently owns 8645 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), July 12 at $7.57 (400 shares), October 21 at $ 7.98 (890 shares), and October 22 at $ 7.90 ( 75 shares) . Shares were sold on August 25 at $7.32 (100 shares). Jo Ann Van Degriff presently owns 4,705 shares purchased on October 22, 2003 at $6.52. December 15 , 2004 at $ 8.94 (1000 shares), December 16 at $ 8.85 (1000 shares), and December 29 at $ 9.02 (310 shares), March 9, 2005 at $ 9.58 (795 shares). George W. Karpus presently owns 7,480 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), September 1 at $7.10 (280 shares), April 25 at $ 9.15 (5000 shares). Dana R. Consler presently owns 1380 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), and October 28, 2004 at $ 8.05 (160 shares), November 22 at $ 8.39 (45 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 8/1/2005 200 9.84 9/1/2005 - -1000 10.38 8/3/2005 - -6570 10.019458 9/8/2005 - -1870 10.62 8/4/2005 - -3000 10.053063 9/9/2005 - -6150 10.82 8/5/2005 - -2675 9.9995813 9/29/2005 - -495 10.49 8/15/2005 - -230 10.279565 8/17/2005 1300 10.03 8/18/2005 100 7.8493 8/19/2005 500 9.93492 8/23/2005 - -1800 10.144017 8/24/2005 - -270 9.9995556 8/26/2005 - -1630 10.015706 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. October 7, 2005 By:________________________ Date Signature Dana R. Consler, Senior Vice President Name/Title -----END PRIVACY-ENHANCED MESSAGE-----