0001504304-13-000010.txt : 20130819 0001504304-13-000010.hdr.sgml : 20130819 20130819091406 ACCESSION NUMBER: 0001504304-13-000010 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130819 DATE AS OF CHANGE: 20130819 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BULLDOG INVESTORS, LLC GROUP MEMBERS: PHILLIP GOLDSTEIN GROUP MEMBERS: STEVEN SAMUELS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN STRATEGIC INCOME PORTFOLIO INC II CENTRAL INDEX KEY: 0000886984 IRS NUMBER: 411719822 STATE OF INCORPORATION: MN FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-52377 FILM NUMBER: 131047041 BUSINESS ADDRESS: STREET 1: 800 NICOLLET MALL STREET 2: BC- MN-H04N CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 612-303-7987 MAIL ADDRESS: STREET 1: 800 NICOLLET MALL STREET 2: BC- MN-H04N CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bulldog Investors, LLC CENTRAL INDEX KEY: 0001504304 IRS NUMBER: 270926182 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: PARK 80 WEST STREET 2: 250 PEHLE AVE. SUITE 708 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 BUSINESS PHONE: 201 556-0092 MAIL ADDRESS: STREET 1: PARK 80 WEST STREET 2: 250 PEHLE AVE. SUITE 708 CITY: SADDLE BROOK STATE: NJ ZIP: 07663 FORMER COMPANY: FORMER CONFORMED NAME: Brooklyn Capital Management LLC DATE OF NAME CHANGE: 20101026 SC 13D/A 1 thirda.txt SCHEDULE 13D/A DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 8/15/13 1. NAME OF REPORTING PERSON Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos, Steven Samuels 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [X] 6. CITIZENSHIP OR PLACE OF ORGANIZATION DE ___________________________________________________________ 7. SOLE VOTING POWER 422,360 8. SHARED VOTING POWER 473,249 9. SOLE DISPOSITIVE POWER 422,360 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 473,249 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 895,609 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 5.60% 14. TYPE OF REPORTING PERSON IA, IN _______________________________________________________ Item 1. SECURITY AND ISSUER This statement constitutes Amendment #1 to the schedule 13d filed July 26, 2013. Except as specifically set forth herein, the Schedule 13d remains unmodified. ITEM 4. PURPOSE OF TRANSACTION A member of the group has submitted the letter in Exhibit A. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As per the N-CSRS filed on April 29, 2013, there were 15,985,741 shares outstanding as of February 28, 2013. The percentage set forth herein was derived using such number. Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos and Steven Samuels are deemed to be the beneficial owner of 895,609 shares of BSP (or 5.60% of the outstanding shares) solely by virtue of Bulldog Investors,LLC's power to direct the vote of, and dispose of, these shares. Those 895,609 shares of BSP are also beneficially owned by clients of Bulldog Investors, LLC. The Reporting Persons disclaim beneficial ownership of these shares, except to the extent of any pecuniary interest therein. (b) Bulldog Investors, LLC has sole power to dispose of and vote 422,360 shares. Bulldog Investors, LLC has shared power to dispose of and vote 473,249 shares. Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more than 5% of BSP's shares) share this power with Bulldog Investors, LLC. Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC. c) Since the last filing on 7/26/13 no shares of BSP were purchased or sold. d) Clients of Bulldog Investors, LLC are entitled to receive any dividends or sales proceeds. e) N/A ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. N/A ITEM 7. MATERIAL TO BE FILED AS EXHIBITS See exhibit A 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. Dated: 8/19/2013 By: /S/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos By: /S/ Steven Samuels Name: Steven Samuels Bulldog Investors, LLC By: /s/ Andrew Dakos Andrew Dakos, Member Footnote 1: The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest therein. Exhibit A: Philip and Judy Kauffman Goldstein c/o Bulldog Investors, 250 Pehle Ave, Suite 708, Saddle Brook, NJ 07663 (201) 556-0092//Fax: (201)556-0097 //pgoldstein@bulldoginvestors.com August 14, 2013 Richard J. Ertel Secretary American Strategic Income Portfolio Inc. III 800 Nicollet Mall Minneapolis, Minnesota 55402 Dear Mr. Ertel: We have beneficially owned of shares American Strategic Income Portfolio Inc. II(the "Fund") valued in excess of $2,000 for more than 12 months. We intend to continue to hold our shares through the next meeting of stockholders. We hereby submit the following proposal and supporting statement pursuant to rule 14a-8 of the Securities Exchange Act of 1934 for inclusion in management's proxy materials for the next meeting of stockholders for which this proposal is timely submitted. RESOLVED: It is recommended that shareholders be afforded an opportunity to realize a price at close to Fund's net asset value for their shares. SUPPORTING STATEMENT As of August 9, 2013, the Fund's shares closed at $8.00, a discount of 13.3% from their net asset value of $9.22 per share. Over the past five years, the average discount has been greater than 14%. We believe shareholders should now be afforded an opportunity to realize NAV for their shares. There are a number of ways to achieve this objective including converting the Fund to an open-end fund which would allow daily redemptions,or to an interval fund which would conduct periodic self-tender offers at or close to NAV. If you would like to be able to sell your shares at or close to NAV rather than at a double-digit discount, please vote in favor of this proposal. Very truly yours, Phillip and Judy Kauffman Goldstein