SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
8/06/13
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
351,504
8. SHARED VOTING POWER
388,842
9. SOLE DISPOSITIVE POWER
351,504
_______________________________________________________
10. SHARED DISPOSITIVE POWER
388,842
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
740,346 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.48%
14. TYPE OF REPORTING PERSON
IA, IN
_______________________________________________________
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock
of JAVELIN MORTGAGE INVESTMENT CORP. ("JMI" or the "Issuer").
The principal executive offices of JMI are located at
3001 OCEAN DRIVE
SUITE 201
VERO BEACH FL 32963
Item 2. IDENTITY AND BACKGROUND
(a) This statement is filed on behalf of Bulldog Investors,LLC, (a Delaware
Limited Liability Company), Phillip Goldstein, Andrew Dakos and Steven Samuels.
(b) The business address of the reporting persons is Park 80 West-Plaza Two,
250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663.
(c) Bulldog Investors,LLC is a registered investment adviser.
Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog
Investors,LLC.
(d) n/a
(e) On October 17, 2007, the Massachusetts Secretary of State issued a permanent
"obey the law" injunction and fined Messrs. Goldstein, Dakos and Samuels and
certain related parties (collectively, the "Respondents") $25,000 for operating
a non-password protected website containing information about certain
unregistered investments and sending an e-mail about such investments to a
Massachusetts resident who requested information.On April 5, 2012, the President
signed the JOBS Act which expressly permits such acts. Consequently,
on June 29, 2012, the Respondents submitted a motion to the Secretary to
vacate his order.
(f) Each of Messrs. Goldstein, Dakos and Samuels 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 clients of
Bulldog Investors,LLC.
ITEM 4. PURPOSE OF TRANSACTION
On October 3, 2012, the Company announced an IPO in which 7.5 million shares
would be issued at its book value of $20 per share . On May 13, 2013, the
Company completed a secondary offering of 6 million shares of common stock at
$18.93, which was above book value at the time. As of August 15, 2013,
Javelin's stock price had declined to $12.38, 18% below its June 30, 2013 book
value of $15.12. The filing persons intend to urge management and the board to
consider measures to enhance shareholder value including implementing a share
repurchase program.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the 10-Q filed on August 5, 2013, there were 13,500,050 shares
outstanding as of August 2, 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 740,346 shares of JMI
(or 5.48% of the outstanding shares) solely by virtue of Bulldog Investors,LLC's
power to direct the vote of, and dispose of, these shares.Those 740,346 shares
of JMI 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 351,504
shares. Bulldog Investors, LLC has shared power to dispose of and vote 388,842
shares. Certain of Bulldog Investors, LLC's clients (none of whom beneficially
own more than 5% of JMI's shares) share this power with Bulldog Investors, LLC.
Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog
Investors, LLC.
c) During the past 60 days the following shares of JMI were purchased:
Date: Shares: Price:
06/18/13 50,000 14.7867
06/19/13 75,000 14.4878
06/20/13 50,000 13.6476
06/21/13 35,943 13.3520
06/24/13 73,111 12.9797
06/25/13 21,500 13.2274
06/26/13 6,200 13.4374
06/27/13 4,266 13.7985
07/05/13 35,309 12.8542
07/08/13 10,268 12.9500
07/09/13 700 13.0000
07/10/13 16,426 12.9542
08/06/13 44,057 13.0924
08/07/13 14,800 12.9980
08/15/13 22,600 12.3420
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: 8/16/2013
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:
Agreement to Make Joint Filing
Agreement made as of the 16TH day of August, 2013, by and among
Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos, and Steven Samuels.
WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides
that whenever two or more persons are required to file a statement containing
the information required by Schedule 13D with respect to the same securities,
only one such statement need be filed, so long as, among other things, such
filing includes as an exhibit an agreement among such persons that such a
statement is filed on behalf of each of them;
WHEREAS, in connection with certain holdings of Javelin Mortgage Investment
Corp. (JMI), each of the parties to this Agreement is required to file a
statement containing the information required by Schedule 13D with respect
to the same holdings of JMI;
NOW THEREFORE, the parties hereby agree that one statement containing the
information required by Schedule 13D shall be filed on behalf of each party
hereto.
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties
hereto as of the day and year first written above.
By:/s/ Phillip Goldstein By:/s/ Andrew Dakos
Phillip Goldstein Andrew Dakos
BULLDOG INVESTORS, LLC
By: /s/ Steven Samuels By: /s/ Andrew Dakos
Steven Samuels Andrew Dakos, Member