1
|
NAME OF REPORTING PERSON
Karpus Investment Management
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
AF
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
1,320,970
|
|
8
|
SHARED VOTING POWER
-
|
||
9
|
SOLE DISPOSITIVE POWER
1,320,970
|
||
10
|
SHARED DISPOSITIVE POWER
-
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,320,970
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.92%
|
||
14
|
TYPE OF REPORTING PERSON
IA
|
1
|
NAME OF REPORTING PERSON
George W. Karpus
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
AF
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
123,301
|
|
8
|
SHARED VOTING POWER
9,826
|
||
9
|
SOLE DISPOSITIVE POWER
123,301
|
||
10
|
SHARED DISPOSITIVE POWER
9,826
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
133,127
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.91%
|
||
14
|
TYPE OF REPORTING PERSON
OO
|
Item 2.
|
Identity and Background.
|
Item 3.
|
Source and Amount of Funds or Other Consideration..
|
Item 4.
|
Purpose of Transaction..
|
Item 5.
|
Interest in Securities of the Issuer.
|
A
..
|
Karpus Investment Management
|
|
(a)
|
As of the close of business on
August 1, 2017
,
Karpus Investment Management
beneficially owned
1,320,970
Shares held in the Accounts.
|
|
(b)
|
1. Sole power to vote or direct vote:
1,320,970
|
|
2. Shared power to vote or direct vote:
-
|
|
3. Sole power to dispose or direct the disposition:
1,320,970
|
|
4. Shared power to dispose or direct the disposition:
-
|
|
(c)
|
The transactions in the Shares by Karpus Investment Management since the previous filing of the Schedule 13D are set forth in Schedule B and are incorporated herein by reference.
|
B
..
|
George W. Karpus
|
|
(a)
|
As of the close of business on
August 1, 2017
,
George W. Karpus
beneficially owned
123,301
Shares. In addition,
George W. Karpus
may be deemed to beneficially own the
9,826
Shares held in the Karpus Entities.
|
|
(b)
|
1. Sole power to vote or direct vote:
123,301
|
|
2. Shared power to vote or direct vote:
9,826
|
|
3. Sole power to dispose or direct the disposition:
123,301
|
|
4. Shared power to dispose or direct the disposition:
9,826
|
|
(c)
|
George W. Karpus has not entered into any transactions in the Shares since the previous filing of the Schedule 13D.
|
D.
|
Dr. Robeson
|
|
(a)
|
As of July 31, 2017,
Dr. Robeson did not own any Shares.
|
|
(b)
|
1. Sole power to vote or direct vote:
0
|
|
2. Shared power to vote or direct vote:
0
|
|
3. Sole power to dispose or direct the disposition:
0
|
|
4. Shared power to dispose or direct the disposition:
0
|
|
(c)
|
Dr. Robeson has not entered into any transactions in the Shares.
|
|
E.
|
Dr. Singh
|
|
(a)
|
As of July 31, 2017,
Dr. Singh did not own any Shares.
|
|
(b)
|
1. Sole power to vote or direct vote:
0
|
|
2. Shared power to vote or direct vote:
0
|
|
3. Sole power to dispose or direct the disposition:
0
|
|
4. Shared power to dispose or direct the disposition:
0
|
|
(c)
|
Dr. Singh has not entered into any transactions in the Shares.
|
|
Item 6.
|
Contracts, Arrangements, Understandings or Relationships With respect to the Issuer.
|
Item 7.
|
Material to be Filed as Exhibits.
|
|
99.1
|
Compromise and Standstill Agreement, by and between FIMC and Karpus, dated June 20, 2017
|
|
99.2
|
Joint Filing Agreement, by and between Karpus Management, Inc. and George W. Karpus, dated June 20, 2017
|
KARPUS MANAGEMENT, INC.
|
|||
By:
|
/s/ Daniel Lippincott
|
||
Name:
|
Daniel Lippincott
|
||
Title:
|
Senior Tax-Sensitive Manager
|
/s/ George W. Karpus
|
|
GEORGE W. KARPUS
|
/s/ Arthur Charles Regan
|
|
ARTHUR CHARLES REGAN
|
/s/ Dr. Daniel C. Robeson
|
|
DR. DANIEL C. ROBESON
|
/s/ Dr. Sandeep Singh
|
|
DR. SANDEEP SINGH
|
Name
|
Position & Present Principal Occupation
|
Business Address
|
Shares Owned
|
George W. Karpus
|
President, CEO, and Chairman of the Board
|
183 Sully’s Trail, Pittsford, New York 14534
|
See Above
|
Kathleen Finnerty Crane
|
Chief Financial Officer and Chief Compliance Officer
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Dana R. Consler
|
Executive Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Thomas M. Duffy
|
Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Sharon L. Thornton
|
Senior Director of Investments
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Daniel L. Lippincott
|
Sr. Tax-Sensitive Manager and Director of Investment Personnel
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Sale of Common Stock
|
(100)
|
$13.80
|
7/12/2017
|
Sale of Common Stock
|
(352)
|
$13.85
|
7/13/2017
|
Sale of Common Stock
|
(84,765)
|
$13.89
|
7/14/2017
|
Sale of Common Stock
|
(27,340)
|
$13.92
|
7/17/2017
|
Sale of Common Stock
|
(102)
|
$13.92
|
7/18/2017
|
Sale of Common Stock
|
(2,500)
|
$13.86
|
7/20/2017
|
Sale of Common Stock
|
(7,687)
|
$13.87
|
7/21/2017
|
Sale of Common Stock
|
(25,000)
|
$13.89
|
7/24/2017
|
Sale of Common Stock
|
(3,242)
|
$13.83
|
7/28/2017
|