-----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, CX+No2ujynVNaULTq4fKvXVQCp9efwkuM0kHYcA7MneCzxR9YZJxIFaCJbTjWNcE MyaIbWXE9H9i1N6SbvBdxA== 0000902664-06-001650.txt : 20060612 0000902664-06-001650.hdr.sgml : 20060612 20060612152715 ACCESSION NUMBER: 0000902664-06-001650 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060612 DATE AS OF CHANGE: 20060612 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EMERGING MARKETS TELECOMMUNICATIONS FUND INC/NEW CENTRAL INDEX KEY: 0000913662 IRS NUMBER: 133739905 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-47548 FILM NUMBER: 06899816 BUSINESS ADDRESS: STREET 1: C/O CREDIT SUISSE ASSET MGMT, LLC STREET 2: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128753500 MAIL ADDRESS: STREET 1: CREDIT SUISSE ASSET MGMT, LLC STREET 2: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: EMERGING MARKETS INFRASTRUCTURE FUND INC DATE OF NAME CHANGE: 19931019 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LAZARD ASSET MANAGEMENT LLC CENTRAL INDEX KEY: 0001207017 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 30 ROCKEFELLER PLZ STREET 2: 59TH FL. CITY: NEW YORK STATE: NY ZIP: 10112 BUSINESS PHONE: 2126321890 MAIL ADDRESS: STREET 1: 30 ROCKEFELLER PLZ STREET 2: 59TH FL. CITY: NEW YORK STATE: NY ZIP: 10112 SC 13D 1 sc13d.txt EMERGING MARKETS TELECOMMUNICATIONS FUND SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Under the Securities Exchange Act of 1934 Emerging Markets Telecommunications Fund - -------------------------------------------------------------------------------- (Name of Issuer) Capital Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 290890102 - -------------------------------------------------------------------------------- (CUSIP Number) Lazard Asset Management LLC Attn: Brian D. Simon 30 Rockefeller Plaza, New York, NY 10112 (212) 632-1890 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 30, 2006 - -------------------------------------------------------------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [X] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 7 Pages) -------------------------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be - ------------------------------ --------------------- CUSIP NO. 290890102 SCHEDULE 13D PAGE 2 OF 7 PAGES - ------------------------------ --------------------- deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - ------------------------------ --------------------- CUSIP NO. 290890102 SCHEDULE 13D PAGE 3 OF 7 PAGES - ------------------------------ --------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Lazard Asset Management LLC 05-0530199 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,825,645 ---------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY N/A OWNED BY ---------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 1,825,645 ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER N/A - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 1,825,645 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.15% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ --------------------- CUSIP NO. 290890102 SCHEDULE 13D PAGE 4 OF 7 PAGES - ------------------------------ --------------------- Item 1. SECURITY AND ISSUER This statement relates to the shares of Emerging Markets Telecommunications Fund (the "Company"), par value $0.01. The Company's principal executive office of the Issuer is located at 466 Lexington Avenue, New York, NY 10017. ITEM 2. IDENTITY AND BACKGROUND (a) This statement is filed by Lazard Asset Management LLC ("LAM"). (b) The principal business address of LAM is 30 Rockefeller Plaza, New York, NY 10112. (c) LAM and its affiliates provide investment management services to institutional and private client accounts with assets totaling $77.6 billion as of December 31, 2005 (d) During the last five years, neither Lazard Asset Management LLC, nor any of its respective officers or directors has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, neither Lazard Asset Management LLC, nor any of its respective officers or directors has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or 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 and violation with respect to such laws. (f) All the executive officers and directors of Lazard Asset Management LCC are citizens of the United States of America. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. All shares were purchased in the open market using client assets under management. No leverage or loans were used in the acquisitions. ITEM 4. PURPOSE OF TRANSACTION. The acquisition of the securities referred to herein is for investment purposes. Lazard Asset Management LLC is filing this Schedule 13D because it holds more than 20% of the Emerging Markets Telecommunications Fund. Lazard Asset Management LLC may make further purchases of shares of stock from time to time and may dispose of any or all of the shares of stock held by it at any time. Lazard Asset Management LLC has no present plans or intentions which relate to or would result in any of the matters set forth in subparagraphs (b)-(j) of Item 4 of Schedule 13D. - --------------------------- ------------------- CUSIP NO. 629519109 SCHEDULE 13D PAGE 5 OF 7 PAGES - --------------------------- ------------------- ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Lazard Asset Management LLC owns an aggregate of 1,825,645 shares, or approximately 21.15% of the total and outstanding shares of the issuer. The aggregate percentage of shares reported is based upon 8,629,001 shares outstanding. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Except as otherwise set forth herein, no contract, arrangement, understanding or relationship with any person with respect to the securities of the Company between LAM and any person or entity. Item 7. MATERIAL TO BE FILED AS EXHIBITS None - --------------------------- ------------------- CUSIP NO. 290890102 SCHEDULE 13D PAGE 6 OF 7 PAGES - --------------------------- ------------------- SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: By: /s/ Brian D. Simon ______________________________ Name: Title: Director of Legal Affairs - --------------------------- ------------------- CUSIP NO. 629519109 SCHEDULE 13D PAGE 7 OF 7 PAGES - --------------------------- ------------------- SCHEDULE A TRANSACTIONS IN THE SHARES BY THE REPORTING PERSON DURING THE PAST 60 DAYS Date of Transaction Shares Purchased (Sold) Price Per Share - ------------------------------------------------------------------------------- 04/03/06 9,300 12.88 04/04/06 11,700 13.01 04/05/06 11,500 13.15 04/06/06 15,800 13.16 04/06/06 (4,100) 13.09 04/07/06 16,600 13.10 04/10/06 14,400 13.13 05/02/06 171,200 14.29 05/03/06 50,000 14.53 05/04/06 (2,300) 14.55 05/22/06 6,700 12.28 05/24/06 13,700 12.53 05/30/06 22,100 12.53 -----END PRIVACY-ENHANCED MESSAGE-----