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
3/4/20
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
19,989
8. SHARED VOTING POWER
892,634
9. SOLE DISPOSITIVE POWER
19,989
_______________________________________________________
10. SHARED DISPOSITIVE POWER
892,634
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
912,623 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
9.18%
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
19,989
8. SHARED VOTING POWER
1,189,499
9. SOLE DISPOSITIVE POWER
19,989
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,189,499
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,209,488 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
12.17%
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
19,989
8. SHARED VOTING POWER
1,189,499
9. SOLE DISPOSITIVE POWER
19,989
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,189,499
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,209,488 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
12.17%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
Item 1. SECURITY AND ISSUER
This statement constitutes Amendment #1 to the schedule 13d
filed December 23, 2019. Except as specifically set forth
herein, the Schedule 13d remains unmodified.
Item 2. IDENTITY AND BACKGROUND
(a) This statement is filed on behalf of Bulldog Investors,LLC, (a Delaware
Limited Liability Company), Phillip Goldstein and Andrew Dakos.
(c) Bulldog Investors,LLC is a registered investment adviser.
Messrs. Goldstein and Dakos are members of Bulldog Investors,LLC.
(f) Each of Messrs. Goldstein and Dakos is a citizen of the United
States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of Messrs. Goldstein,
clients of Bulldog Investors,LLC, and an account managed by
Messrs. Goldstein and Dakos.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSR filed on December 2, 2019, there were 9,938,962 shares
of common stock outstanding as of September 30, 2019. The percentages set forth
herein were derived using such number. Phillip Goldstein, Andrew Dakos
own Bulldog Investors, LLC, a registered investment advisor.
As of March 4, 2020, Bulldog Investors, LLC is deemed to be the beneficial
owner of 912,623 shares of TLI (representing 9.18% of TLI's outstanding
shares) solely by virtue of Bulldog Investors LLC's power to direct the vote
of,and dispose of, these shares. These 912,623 shares of TLI include 19,989
shares (representing 0.20% of TLI's outstanding shares) that are beneficially
owned by Mr. Goldstein.
All other shares included in the aforementioned 912,623 shares of TLI
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 892,634 shares (representing 8.98% of
TLI's outstanding shares).
As of March 4, 2020, each of Messrs. Goldstein and Dakos is deemed to be
the beneficial owner of 1,209,488 shares of TLI (representing 12.17% of TLI's
outstanding shares) by virtue of their power to direct the vote of, and
dispose of, these shares.
(b)Bulldog Investors,LLC has sole power to dispose of and vote 19,989 shares.
Bulldog Investors, LLC and Messrs. Goldstein and Dakos have shared power to
dispose of and vote 892,634 shares. Certain of Bulldog Investors, LLC's
clients (none of whom beneficially own more than 5% of TLI's shares) share
this power with Bulldog Investors, LLC. Messrs.Goldstein, and Dakos
are members of Bulldog Investors, LLC. Messrs. Goldstein and Dakos
have shared power to dispose of and vote an additional 296,865 shares.
c) During the past 60 days the following shares of TLI were purchased:
Date: Shares: Price:
03/04/20 55,900 9.9990
03/02/20 9,850 9.8480
02/28/20 10,000 9.7739
02/28/20 25,000 9.7900
02/28/20 15,615 9.7856
d) Clients of Bulldog Investors, LLC, Mr. Goldstein and an account
managed by Messrs.Goldstein and Dakos 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
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: 3/5/20
By: /S/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos
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.