0001048703-01-500150.txt : 20011128
0001048703-01-500150.hdr.sgml : 20011128
ACCESSION NUMBER: 0001048703-01-500150
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011107
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: KARPUS MANAGEMENT INC
CENTRAL INDEX KEY: 0001048703
STANDARD INDUSTRIAL CLASSIFICATION: []
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: EQUUS II INC
CENTRAL INDEX KEY: 0000878932
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 760345915
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-44023
FILM NUMBER: 1776546
BUSINESS ADDRESS:
STREET 1: 2929 ALLEN PKWY STE 2500
CITY: HOUSTON
STATE: TX
ZIP: 77019
BUSINESS PHONE: 7135290900
MAIL ADDRESS:
STREET 1: 2929 ALLEN PARKWAY
STREET 2: STE 2500
CITY: HOUSTON
STATE: TX
ZIP: 77019
SC 13D/A
1
eqs11-01.txt
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
Equus II Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
294766100
(CUSIP Number)
George W. Karpus, President
Karpus Management, Inc. d/b/a
Karpus Investment Management
183 Sullys Trail
Pittsford, New York 14534
(716) 586-4680
(Name, Address, and Telephone Number of Person Authorized to Receive
Notices and Communications)
November 7, 2001
(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 4 pages)
There are no exhibits.
ITEM 1 Security and Issuer
Common Stock
Equus II Inc.
Equus Capital Management Corp
The American Tower
2929 Allen Parkway
Suite 2500
Houston, Texas 77019-2120
ITEM 2 Identity and Background
a) Karpus Management, Inc. d/b/a Karpus Investment
Management ("KIM")
George W. Karpus, President, Director and Controlling
Stockholder
JoAnn VanDegriff, 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 VanDegriff, 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 EQS 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 EQS fit the investment
guidelines for various Accounts. Shares have been acquired
since January 13, 2000.
ITEM 5 Interest in Securities of the Issuer
A) As of the date of this Report, KIM owns 333,175 shares,
which represents 5.15% of the outstanding Shares. Karpus Investment
Management Profit Sharing Plan presently owns 3325 shares purchased
on January 13, 2000 at $10.19 (600 shares), September 13, 14, 22, 26, 27,
& 29 at $10.63 (1100 shares), October 6 at $10.56 (100 shares), 10 at
$10.50 (50 shares), & 23 at $9.88 (50 shares), November 6 at $10 (100
shares), December 8 at $8.81 (500 shares), April 17, 2001 at $8.85 (200
shares), May 1 at $9.11 (50 shares), 2, 4, & 17 at $9.23 (200 shares), 10
at $9.05 (100 shares), June 21 at $9.25 (25 shares), and September 24 at
$8.35 (250 shares). None of the other Principles of KIM presently owns
shares of EQS.
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
9/7/01
3000
8.91
10/3/01
325
8.47
9/19/01
500
8.65
10/9/01
250
8.49
9/24/01
5500
8.35
10/9/01
-225
8.46
10/10/01
200
8.47
10/11/01
1750
8.55
10/12/01
1200
8.5
10/15/01
3250
8.5
10/16/01
1400
8.47
10/17/01
2450
8.55
10/17/01
-450
8.51
10/22/01
7000
8.45
10/23/01
600
8.37
10/24/01
2575
8.38
10/25/01
300
8.38
10/26/01
2700
8.4
10/31/01
2800
8.4
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 EQS 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.
November 7, 2001 By:________________________
Date Signature
George W. Karpus, President
Name/Title