-----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, QPMhBZBIunqJ0XmFpY/HAUXXmWmP4cvI6SZXNWTV8sR+s/mPn9w88oFM87k2NS3e f6nlMcC3UHB59+wN74BKBA== 0001048703-02-000140.txt : 20020911 0001048703-02-000140.hdr.sgml : 20020911 20020910181524 ACCESSION NUMBER: 0001048703-02-000140 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020911 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: EQUUS II INC CENTRAL INDEX KEY: 0000878932 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: 02761167 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 eqs09-02.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 10) 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) September 9, 2002 (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 America 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 530,314 shares, which represents 8.51% 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 7/2/2002 - -400 7.42 8/1/2002 300 6.74 7/3/2002 1150 7.40 8/2/2002 700 15.68 7/9/2002 750 7.44 8/5/2002 1550 6.71 7/11/2002 4700 7.38 8/12/2002 932 6.84 7/15/2002 1200 7.00 8/13/2002 300 6.83 7/16/2002 1000 6.97 8/14/2002 1450 6.83 7/23/2002 - -1485 6.58 8/15/2002 1850 6.80 8/16/2002 500 6.75 8/20/2002 5500 6.71 8/22/2002 - -300 6.82 8/22/2002 200 6.78 8/27/2002 3150 6.79 8/28/2002 3850 6.76 8/29/2002 1185 6.83 8/30/2002 3500 6.77 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. September 9, 2002 By:________________________ Date Signature George W. Karpus, President Name/Title -----END PRIVACY-ENHANCED MESSAGE-----