0001048703-05-000041.txt : 20120629
0001048703-05-000041.hdr.sgml : 20120629
20050309142646
ACCESSION NUMBER: 0001048703-05-000041
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050309
DATE AS OF CHANGE: 20050309
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: HYPERION 2005 INVESTMENT GRADE OPPORTUNITY TERM TRUST INC
CENTRAL INDEX KEY: 0000895415
IRS NUMBER: 521806085
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-47945
FILM NUMBER: 05669031
BUSINESS ADDRESS:
STREET 1: ONE LIBERTY PLAZA
STREET 2: 165 BROADWAY, 36TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10006-1404
BUSINESS PHONE: 212-549-8400
MAIL ADDRESS:
STREET 1: ONE LIBERTY PLAZA
STREET 2: 165 BROADWAY, 36TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10006-1404
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
hto03-05.txt
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No 78)
Hyperion 2005 Investment Grade Opportunity Term Trust, Inc.
(HTO)
(Name of Issuer)
Common Stock
(Title of Class of Securities)
448918102
(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)
March 09, 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 subject of this Schedule 13D, and if filing
this schedule because of Rule 13d-1(b) (3) or (4), check the following box. [ ]
(Page 1 of 5 pages)
ITEM 1 Security and Issuer
Common Stock
Hyperion 2005 Investment Grade Opportunity Term Trust, Inc.
1 Liberty Plaza
165 Broadway
36th Floor
New York, New York 10006
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 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 5 years
of any criminal proceeding (excluding traffic violations).
e) During the last 5 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 1,705,670
shares of HTO on behalf of accounts that are managed by KIM (?the
Accounts?) under limited powers of attorney, which represents 10.04%
of the outstanding shares. 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
conservative, fixed income manager, with a specialty focus in the
closed end fund sector, the profile of HTO fit the investment guidelines
for various Accounts.
ITEM 5 Interest in Securities of the Issuer
a) As of the date of this Report, KIM owns 1,959,630 shares, which
represent 11.54 % of the outstanding shares. Sophie Karpus (Director)
presently owns 575 shares purchased on December 6, 1999 at a price of
$8.05 per share and sold July 2, 2001 at $9.41 (25 shares) and at $9.42
(50 shares), April 29, 2002 at $9.81 (50 shares), May 24 at $9.87 (50
shares), and July 11,at $9.94 (50 shares) . KIM Profit Sharing Plan owns
2,650 shares purchased on July 22, 1997 at a price of $7.875 (1500
shares), and March 15, 2001 at 8.94 (750 shares); and sold on June 27,
2001 at $9.39 (25 shares), July 3 at $9.41 (75 shares), May 31,
2002 at $9.90 (50 shares), June 21 at $9.92 (50 shares), July11 at
$9.94 (50shares), November 26 at $9.85 (50 shares), November 27 at
$9.86 (50 shares), January 2, 2003 at $9.80 (50 shares), January 3 at
$9.81 (50 shares), January 7 at $9.82 (50 shares), and January 8 at
$9.83 (50 shares), May 6, 2004 at $ 9.44 (800 shares), June 18 & 21 at
$9.55 (150 shares). Karpus Management, Inc. presently owns 4500 shares
purchased on December 2 & 16,1999 at a price of $8.00 per share, and
sold on April 9, 2003 at $ 9.85 (50 shares), May 15 & 20 at $9.86 (100
shares), May 22 at $ 9.95 (50 shares), and May 22, 27, & 30 at $ 9.90 (150
shares), July 14, 2003 at $9.83 (50 shares) and at $9.84 (50 shares). Dana
R. Consler currently owns 1650 shares purchased on October 31, 1997 at
$8.19 (750 shares), September 17, 1999 at $8.00 (450 shares), and June
22, 23, & 26, 2000 at $7.81 (800 shares), and sold on November 5 at $9.84
(50 shares), November 26 at $9.85 (50 shares), November 27 at $9.86
(50shares), January 2, 2003 at $9.80 (50 shares), January 3 at $9.81 (50
shares, January 7 at $9.82 (50 shares) and January 8 at $9.83 (50 shares).
None of the other Principals of KIM currently owns shares of HTO.
b) KIM has the sole power to dispose of and to vote all such Shares
under limited powers of attorney.
c) Open market purchases in the last 90 days for the Accounts.
There have been no dispositions and no acquisition, other than by such
open market purchases, during such period.
DATE
SHARES
PRICE PER
DATE
SHARES
PRICE PER
SHARE
SHARE
1/14/2005
500
9.73
2/3/2005
3400
9.73
1/18/2005
3900
9.72
2/4/2005
1000
9.73
2/7/2005
9600
9.73
2/10/2005
7100
9.75
2/11/2005
5100
9.74
2/14/2005
3200
9.75
2/15/2005
4700
9.75
2/16/2005
2900
9.75
2/17/2005
19500
9.74
2/18/2005
7600
9.72
2/22/2005
4100
9.72
2/23/2005
2300
9.72
2/24/2005
7000
9.72
2/25/2005
-350
9.73
2/28/2005
1300
9.73
The Accounts have the right to receive all dividends from, and any proceeds
from the sale of the 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, arrangement,
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 the
HTO 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.
March 09, 2005 By: _________________________
Date Signature
DANA R. CONSLER, SENIOR VICE PRESIDENT
Name /Title