SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)Fort Dearborn Income Securities, Inc. (FDI)
(Name of Issuer)Common Stock
(Title of Class of Securities)347200107
(CUSIP Number)June 30, 2014
(Date of Event which Requires Filing of this Statement)
X Rule 13d-1(b)
__ Rule 13d-1(c)
__ Rule 13d-1(d)
CUSIP No.: 347200107
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).Karpus Management, Inc., d/b/a Karpus Investment Management
I.D. #16-1290558
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Citizenship or Place of OrganizationNew York
Number of Shares Beneficially Owned by Each reporting Person With:
- 5. Sole Voting Power966,7616. Shared Voting PowerN/A7. Sole Dispositive Power966,7618. Shared Dispositive PowerN/A
9. Aggregate Amount Beneficially Owned by Each Reporting Person966,761
10. Check if the Aggregate Amount in Row ( 9 ) Excludes Certain Shares (See Instructions)N/A
11. Percent of Class Represented by Amount in Row ( 9 )11.02%
12. Type of Reporting Person (See Instructions)IA
Item 1.
- (a) The Name of the Issuer is: Fort Dearborn Income Securities, Inc.(b) The Address of the Issuer‘s Principal Executive Office is: UBS Global Asset Management, 1 N. Wacker Dr., 38th Floor, Chicago, Illinois 60606
- (a) The name of the Person Filing is: Karpus Management, Inc., d/b/a Karpus Investment Management (“KIM”), George W. Karpus, President, Director and controlling stockholder.(b) The address of KIM’s principal place of business and principal office is: 183 Sully’s Trail, Pittsford, New York 14534.(c) Citizenship: Each of the Principals is a United States citizen. KIM is a New York corporation.(d) Title of Class of Securities: Common Stock(e) CUSIP Number: 347200107
- (a) ___ Broker or dealer registered under section 15 of the Act ( 15 U.S.C. 78o ).(b) ___ Bank as defined in section 3 (a) ( 6 ) of the Act ( 15 U.S.C. 78c ).(c) ___ Insurance company as defined in section 3 ( a ) ( 6 ) of the Act ( 15 U.S.C. 78c ).(d) ___ Investment company registered under section 8 of the Investment Company Act of 1940 ( 15 U.S.C. 80 – a ).
(e) X An investment adviser in accordance with § 240.13d– 1 ( b ) ( 1 ) ( ii ) ( E ).(f) ___ An employee benefit plan or endowment fund in accordance with § 240.13d– 1 ( b ) ( 1 ) ( ii ) ( F ).(g) ___ A parent holding company or control person in accordance with § 240.13d– 1 ( b ) ( 1 ) ( ii ) ( G ).(h) ___ A savings association as defined in Section 3 ( b ) of the Federal Deposit Insurance Act ( 12 U.S. C. 1813 ).(i) ___ A church plan that is excluded from the defininition of an investment company under section 3 ( c ) ( 14 ) of the Investment Company Act of 1940 ( 15 U.S. C. 80a – 3 ).(j) ___ Group, in accordance with § 240.13 – 1 ( b ) ( 1 ) ( ii ) ( J ).Item 4.(a) Amount beneficially owned: 966,761 shares(b) Percent of class: 11.02%(c) Number of shares as to which the person has:
- (i) Sole power to vote or to direct the vote: 966,761 shares(ii) Shared power to vote or to direct the vote: N/A(iii) Sole power to dispose or to direct the disposition of: 966,761 shares(iv) Shared power to dispose or to direct the disposition of: N/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.
Karpus Management, Inc. By: /s/ Name: Daniel Lippincott Title: Senior Tax-Sensitive Manager Date: July 10, 2014