Page 2 of 2 – SEC Filing
(a) As per the N-CSRS filed on September 6, 2017, there were 9,605,237
shares of common stock outstanding as of June 30, 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 September 20, 2017, Bulldog Investors, LLC is deemed to be the
beneficial owner of 619,562 shares of LGI (representing 6.45% 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 619,562 shares of
LGI include 306,389 shares (representing 3.19% 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 619,562 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 313,173 (representing 3.26%
of LGI’s outstanding shares).
(b)Bulldog Investors,LLC has sole power to dispose of and vote 306,389 shares.
Bulldog Investors, LLC has shared power to dispose of and vote 313,173 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) Since the last filing on 9/1/17 the following shares of LGI were Sold:
Date: Shares: Price:
09/01/17 (13,353) 16.6903
09/06/17 (2,155) 16.6723
09/07/17 (7,864) 16.6768
09/08/17 (8,800) 16.7000
09/11/17 (163) 16.8200
09/12/17 (1,469) 16.8973
09/13/17 (3,824) 16.8526
09/14/17 (18,463) 16.8321
09/15/17 (10,738) 16.8747
09/18/17 (20,884) 16.9253
09/19/17 (5,000) 16.9304
09/20/17 (21,233) 16.9376
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: 9/21/17
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.
