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"
- Peter Lynch
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- Peter Lynch
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SCHEDULE 13D/A
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
11/5/19
1. NAME OF REPORTING PERSON
Bulldog Investors, LLC
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) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
___________________________________________________________
7. SOLE VOTING POWER
7,174
8. SHARED VOTING POWER
606,833
9. SOLE DISPOSITIVE POWER
7,174
_______________________________________________________
10. SHARED DISPOSITIVE POWER
606,833
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
614,007 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.29%
14. TYPE OF REPORTING PERSON
IA
___________________________________________________________
1. NAME OF REPORTING PERSON
Phillip Goldstein
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) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
7,174
8. SHARED VOTING POWER
606,833
9. SOLE DISPOSITIVE POWER
7,174
_______________________________________________________
10. SHARED DISPOSITIVE POWER
606,833
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
614,007 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.29%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
Andrew Dakos
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) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
7,174
8. SHARED VOTING POWER
606,833
9. SOLE DISPOSITIVE POWER
7,174
_______________________________________________________
10. SHARED DISPOSITIVE POWER
606,833
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
614,007 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.29%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
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) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
7,174
8. SHARED VOTING POWER
606,833
9. SOLE DISPOSITIVE POWER
7,174
_______________________________________________________
10. SHARED DISPOSITIVE POWER
606,833
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
614,007 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.29%
14. TYPE OF REPORTING PERSON
IN
_______________________________________________________
Item 1. SECURITY AND ISSUER
This statement constitutes Amendment #2 to the schedule 13d
filed June 10, 2019. Except as specifically set forth
herein, the Schedule 13d remains unmodified.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the DEF 14A filed on August 8, 2019, there were 14,328,976 shares
of common stock outstanding as of June 25, 2019. The percentages set forth
herein were derived using such number. Phillip Goldstein, Andrew Dakos and
Steven Samuels own Bulldog Investors, LLC, a registered investment advisor.
As of November 5, 2019, Bulldog Investors, LLC is deemed to be the beneficial
owner of 614,007 shares of NTC (representing 4.29% of NTC's outstanding
shares) solely by virtue of Bulldog Investors LLC's power to direct the vote
of,and dispose of, these shares. These 614,007 shares of NTC include 7,174
shares (representing 0.05% of NTC's outstanding shares) that are beneficially
owned by Mr. Goldstein.
All other shares included in the aforementioned 614,007 shares of NTC
beneficially owned by Bulldog Investors LLC (solely by virtue of its power
to sell or direct the vote of these shares) are also beneficially owned by
clients of Bulldog Investors, LLC who are not members of any group. The total
number of these "non-group" shares is 614,007shares (representing 4.24% of
NTC's outstanding shares).
(b)Bulldog Investors,LLC has sole power to dispose of and vote 7,174 shares.
Bulldog Investors, LLC has shared power to dispose of and vote 606,833 shares.
Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more
than 5% of NTC'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 10/7/19 the following shares of NTC were sold:
Date: Shares: Price:
11/01/19 (18,116) 13.6600
11/04/19 (32,029) 13.6300
11/04/19 (17,741) 13.6296
11/04/19 (8,600) 13.6377
11/05/19 (82,796) 13.6209
11/05/19 (20,701) 13.6224
11/05/19 (15,150) 13.6314
d) Clients of Bulldog Investors, LLC are entitled to receive any dividends or
sales proceeds.
e) The Reporting Persons ceased to be the beneficial owner of more
than 5% of NTC's common stock on 11/5/19, based on the DEF 14A filed
August 8, 2019.
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
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: 11/6/2019
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.