Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 3)
1
Eaton Vance Municipal Bond Fund
(Name of Issuer)
Common Stock
(Title of Class of Securities)
27827X101
(CUSIP Number)
Daniel L. Lippincott, CFA, Senior Tax-Sensitive Manager
Karpus Management, Inc.
d/b/a Karpus Investment Management
183 Sully’s Trail
Pittsford, New York 14534
(585) 586-4680
Adam W. Finerman, Esq.
Olshan Frome Wolosky LLP
1325 Avenue of the Americas
New York, New York 10019
(212) 451-2300
Authorized to Receive Notices and Communications)
July 23, 2019
(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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-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 § 240.13d-7 for other parties to whom copies are to be sent.
_______________
1 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 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.
27827X101
|
1
|
NAME OF REPORTING PERSON
Karpus Investment Management
|
||
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
|
3
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SEC USE ONLY
|
||
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4
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SOURCE OF FUNDS
WC
|
||
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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¨
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|
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
|
||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
POWER
9,901,660
|
|
|
8
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SHARED VOTING POWER
-
|
||
|
9
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SOLE DISPOSITIVE POWER
9,901,660
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||
|
10
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SHARED DISPOSITIVE POWER
-
|
||
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,901,660
|
||
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4%
|
||
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14
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TYPE OF REPORTING PERSON
IA
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||
CUSIP NO.
27827X101
|
1
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NAME OF REPORTING PERSON
George W. Karpus
|
||
|
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
|
3
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SEC USE ONLY
|
||
|
4
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SOURCE OF FUNDS
WC, PF
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||
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
|
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
|
||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
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SOLE VOTING POWER
555,662*
|
|
|
8
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SHARED VOTING POWER
124,930*
|
||
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9
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SOLE DISPOSITIVE POWER
555,662*
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||
|
10
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SHARED DISPOSITIVE POWER
124,930*
|
||
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
680,592*
|
||
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
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||
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14
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TYPE OF REPORTING PERSON
IN
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||
CUSIP NO.
27827X101
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Item 3.
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Source and Amount of Funds or Other Consideration.
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Item 3 is hereby amended and restated as follows:
Karpus, an independent registered investment advisor, has accumulated
9,901,660
Shares on behalf of accounts that are managed by Karpus (the “Accounts”) under limited powers of attorney, which represents
12.4%
of the outstanding Shares. All funds that have been utilized in making such purchases for the Accounts (which are open market purchases unless otherwise noted) are from such Accounts.
The aggregate purchase price of the
9,901,660
Shares beneficially owned by Karpus Investment Management is approximately
$118,646,261, excluding brokerage commissions. Such Shares were purchased with working capital (which may at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases except as otherwise noted.
The aggregate purchase price of the
680,592
Shares held by Mr. Karpus and the Karpus Entities
is approximately
$8,376,156, excluding brokerage commissions. Such Shares were purchased with working capital (which may at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases except as otherwise noted.
CUSIP NO.
27827X101
|
|
Purpose of Transaction.
|
Karpus, an indepependent registered investment advisor, with a specialty focus in closed-end funds, believes that the profile of the Issuer fit the investment guidelines for various Accounts. Shares have been acquired since
November 15, 2013.
CUSIP NO.
27827X101
|
Item 5.
|
Interest in Securities of the Issuer.
|
Item 5 is hereby amended and restated as follows:
The aggregate percentage of Shares reported owned by each Reporting Person is based upon
79,726,520
Shares outstanding, which is the total number of Shares outstanding as of
June 28, 2019
as communicated by the Issuer.
|
A
..
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Karpus Investment Management
|
|
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(a)
|
As of the close of business on
July 23, 2019,
Karpus Investment Management
beneficially owned
9,901,660
Shares held in the Accounts.
|
Percentage:
12.4%
|
|
(b)
|
1. Sole power to vote or direct vote:
9,901,660
|
|
|
2. Shared power to vote or direct vote:
-
|
|
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3. Sole power to dispose or direct the disposition:
9,901,660
|
|
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4. Shared power to dispose or direct the disposition:
-
|
|
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(c)
|
Karpus Investment Management transactions since the last filing are set forth in Schedule B.
|
|
B
..
|
George W. Karpus
|
|
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(a)
|
As of the close of business on
July 23, 2019
,
George W. Karpus
beneficially owned
555,662
Shares. In addition,
George W. Karpus
may be deemed to beneficially own the
124,930
Shares held in the Karpus Entities.
|
Percentage:
Less than 1%
|
|
(b)
|
1. Sole power to vote or direct vote:
555,662
|
|
|
2. Shared power to vote or direct vote:
124,930
|
|
|
3. Sole power to dispose or direct the disposition:
555,662
|
|
|
4. Shared power to dispose or direct the disposition:
124,930
|
|
|
(c)
|
Neither
George W. Karpus
nor the Karpus Entities have had any transactions in the Shares since the last filing.
|
The filing of this Schedule 13D shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each Reporting Person disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.
CUSIP NO.
27827X101
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated:
July 29, 2019
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KARPUS MANAGEMENT, INC.
|
|||
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By:
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/s/ Daniel L. Lippincott, CFA
|
||
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Name:
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Daniel L. Lippincott, CFA
|
||
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Title:
|
Director of Investment Personnel and Senior Tax-Sensitive Manager
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||
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/s/ George W. Karpus
|
|
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GEORGE W. KARPUS
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CUSIP NO.
27827X101
SCHEDULE A
Executive Officers & Directors of Karpus Management, Inc., d/b/a Karpus Investment Management
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Name
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Position & Present Principal Occupation
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Business Address
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Shares Owned
|
|
George W. Karpus
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President, CEO, and Chairman of the Board
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183 Sully’s Trail, Pittsford, New York 14534
|
See Above
|
|
Kathleen Finnerty Crane
|
Chief Financial 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
|
23,449
Shares
|
|
Thomas M. Duffy
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Vice President
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183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
|
Sharon L. Thornton
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Chief Compliance Officer
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
|
Daniel L. Lippincott, CFA
|
Sr. Tax-Sensitive Manager and Director of Investment Personnel
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
CUSIP NO.
27827X101
SCHEDULE B
Transactions in the Shares over the last 60 days.
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
KARPUS MANAGEMENT, INC., D/B/A/ KARPUS INVESTMENT MANAGEMENT
(THROUGH THE ACCOUNTS)
(THROUGH THE ACCOUNTS)
|
Sale of Common Stock
|
(20,700)
|
$12.57
|
6/14/2019
|
|
Sale of Common Stock
|
(14,300)
|
$12.66
|
6/17/2019
|
|
Purchase of Common Stock
|
88,500
|
$16.91
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6/20/2019
|
|
Purchase of Common Stock
|
6,100
|
$12.43
|
6/21/2019
|
|
Purchase of Common Stock
|
8,425
|
$12.45
|
6/24/2019
|
|
Purchase of Common Stock
|
71,087
|
$12.51
|
6/25/2019
|
|
Purchase of Common Stock
|
15,000
|
$12.47
|
6/26/2019
|
|
Purchase of Common Stock
|
143,890
|
$12.48
|
6/27/2019
|
|
Purchase of Common Stock
|
37,382
|
$12.47
|
6/28/2019
|
|
Sale of Common Stock
|
(3,171)
|
$12.42
|
7/1/2019
|
|
Sale of Common Stock
|
(1,136)
|
$12.40
|
7/2/2019
|
|
Purchase of Common Stock
|
99,508
|
$12.47
|
7/5/2019
|
|
Purchase of Common Stock
|
5,000
|
$12.41
|
7/8/2019
|
|
Purchase of Common Stock
|
20,557
|
$12.46
|
7/9/2019
|
|
Purchase of Common Stock
|
2,623
|
$12.51
|
7/10/2019
|
|
Purchase of Common Stock
|
29,126
|
$12.58
|
7/12/2019
|
|
Purchase of Common Stock
|
500
|
$12.56
|
7/15/2019
|
|
Purchase of Common Stock
|
19,800
|
$12.55
|
7/16/2019
|
|
Purchase of Common Stock
|
43,614
|
$12.61
|
7/17/2019
|
|
Purchase of Common Stock
|
51,814
|
$12.69
|
7/19/2019
|
|
Purchase of Common Stock
|
33,100
|
$12.66
|
7/22/2019
|
|
Purchase of Common Stock
|
93,803
|
$17.16
|
7/23/2019
|
|
|
|
|
|
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