SCHEDULE 13D/A
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
8/30/17
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
363,044
8. SHARED VOTING POWER
370,464
9. SOLE DISPOSITIVE POWER
363,044
_______________________________________________________
10. SHARED DISPOSITIVE POWER
370,464
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
733,508 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.64%
14. TYPE OF REPORTING PERSON
IA
___________________________________________________________
1. NAME OF REPORTING PERSON
Phillip Goldstein
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
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
363,044
8. SHARED VOTING POWER
370,464
9. SOLE DISPOSITIVE POWER
363,044
_______________________________________________________
10. SHARED DISPOSITIVE POWER
370,464
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
733,508 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.64%
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
363,044
8. SHARED VOTING POWER
370,464
9. SOLE DISPOSITIVE POWER
363,044
_______________________________________________________
10. SHARED DISPOSITIVE POWER
370,464
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
733,508 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.64%
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
363,044
8. SHARED VOTING POWER
370,464
9. SOLE DISPOSITIVE POWER
363,044
_______________________________________________________
10. SHARED DISPOSITIVE POWER
370,464
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
733,508 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.64%
14. TYPE OF REPORTING PERSON
IN
_______________________________________________________
Item 1. SECURITY AND ISSUER
This statement constitutes Amendment #2 to the schedule 13D
filed October 24, 2016. Except as specifically set forth
herein, the Schedule 13D remains unmodified.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSR filed on March 9, 2017, there were 9,605,237 shares
of common stock outstanding as of December 31, 2016. 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 August 31, 2017, Bulldog Investors, LLC is deemed to be the
beneficial owner of 733,508 shares of LGI (representing 7.64% of LGI's
outstanding shares) solely by virtue of Bulldog Investors LLC's power to
direct the vote of,and dispose of, these shares. These 733,508 shares of
LGI include 363,044 shares (representing 3.78% of LGI's outstanding shares)
that are beneficially owned by Mr. Goldstein and the following entities over
which Messrs. Goldstein, Dakos and Samuels exercise control: Opportunity
Partners LP, Calapasas West Partners LP, Full Value Special Situations
Fund, LP, Opportunity Income Plus, Full Value Partners, LP, and MCM
Opportunity Partners, LP (collectively, "Bulldog Investors Group of Funds").
Bulldog Investors Group of Funds may be deemed to constitute a group. All
other shares included in the aforementioned 733,508 shares of LGI
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 370,464 (representing 3.86%
of LGI's outstanding shares).
(b)Bulldog Investors,LLC has sole power to dispose of and vote 363,044 shares.
Bulldog Investors, LLC has shared power to dispose of and vote 370,464 shares.
Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more
than 5% of LGI's shares) share this power with Bulldog Investors, LLC. Messrs.
Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC.
c) Durong the last 60 days the following shares of LGI were Sold:
Date: Shares: Price:
08/02/17 (1,000) 16.7140
08/03/17 (1,800) 16.7394
08/04/17 (600) 16.7600
08/07/17 (700) 16.6914
08/22/17 (4,900) 16.3964
08/24/17 (7,037) 16.3784
08/25/17 (6,383) 16.4514
08/28/17 (1,900) 16.5195
08/30/17 (13,535) 16.4512
08/31/17 (14,050) 16.5851
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
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: 9/1/17
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.