Filing Details
- Accession Number:
- 0000929638-20-000070
- Form Type:
- 13D Filing
- Publication Date:
- 2020-01-21 17:15:09
- Filed By:
- City National Rochdale, Llc
- Company:
- City National Rochdale Structured Claims Fixed Income Fund Llc
- Filing Date:
- 2020-01-21
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| City National Rochdale | 17,096,819 | 0 | 17,096,819 | 0 | 17,096,819 | 95.5% |
Filing
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | ||
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
City National Rochdale Structured Claims Fixed Income Fund LLC
(Name of Issuer)
Units of interest
(Title of Class of Securities)
N/A
(CUSIP Number)
Donald Delano
City National Rochdale, LLC
400 Park Avenue
New York, NY 10022
212-702-3500
212-702-3500
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
Receive Notices and Communications)
212-702-3500
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
Receive Notices and Communications)
December 31, 2019†
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f)
or 240.13d-1(g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to
whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
† See Item 4.
| 1 | Names of Reporting Person. City National Rochdale, LLC | |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) | |
| (a) [ ] | ||
| (b) [ ] | ||
| 3 | SEC Use Only | |
| 4 | Source of Funds (See Instructions): OO | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): [ ] | |
| 6 | Citizenship or Place of Organization. Delaware | |
| Number of Shares Beneficially Owned by Each Reporting Person With | 7 Sole Voting Power 17,096,819.47 | |
| 8 Shared Voting Power 0 | ||
| 9 Sole Dispositive Power 17,096,819.47 | ||
| 10 Shared Dispositive Power 0 | ||
| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person 17,096,819.47 | |
| 12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] | |
| 13 | Percent of Class Represented by Amount in Row (11) 95.5% | |
| 14 | Type of Reporting Person (See Instructions) IA | |
SCHEDULE 13D
Item 1. Security and Issuer
This Schedule 13D relates to units of interest (“Units”) of City National Rochdale Structured Claims Fixed Income Fund LLC, a Delaware limited liability company registered under the Investment Company Act of
1940, as amended (“1940 Act”), as a closed-end, non-diversified, management investment company (the “Issuer”). The address of the Issuer’s principal executive offices is 400 Park Avenue, New York, New York 10022.
Item 2. Identity and Background
(a) This Schedule 13D is being filed on behalf of City National Rochdale, LLC (the “Reporting Person”). The securities reported herein are beneficially owned by the Reporting Person in its capacity as
investment manager to the Issuer and investment adviser to separately managed accounts.
(b) The business address of the Reporting Person is City National Rochdale, LLC, 400 Park Avenue, New York, New York 10022.
(c) City National Rochdale, LLC is a registered investment adviser that, among other things, provides investment advisory services to the Issuer and to separately managed accounts that invest in the Issuer.
(d) The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) The Reporting Person has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) See Item 6 of the cover page of the Reporting Person.
Item 3. Source and Amount of Funds or Other Consideration
The Units reported herein as being beneficially owned by the Reporting Person were purchased by the separately managed accounts for an aggregate $16,308,441.89.
Item 4. Purpose of Transaction
The Reporting Person is the adviser of the Issuer and serves as investment adviser to separately managed accounts that invest in the Issuer. As part of its investment advisory services rendered to the
separately managed accounts, the Reporting Person acquires, holds, and disposes of Units of the Issuer for the separately managed accounts for investment purposes in the ordinary course of business. The Reporting Person has acted in such capacity
since the initial sale of Units by the Issuer on February 24, 2010 and, in such capacity, may be deemed to have beneficially owned all or substantially all of the outstanding Units of the Issuer as of that date and at other times since such date.
Information provided herein with respect to beneficial ownership of the Units is as of December 31, 2019. On behalf of the separately managed accounts, the Reporting Person intends to review its investment in the Issuer on a continuing basis and may
acquire additional securities of the Issuer or may determine to sell, or otherwise dispose of, all or some of the securities of the Issuer. Such actions will depend upon a variety of factors, including, without
limitation, the financial condition, results of operations and prospects of the Issuer, alternative investment opportunities, general economic, financial market and industry conditions and other factors that
the Reporting Person may deem material to its investment decision.
Item 5. Interest in Securities of the Issuer
(a) and (b) See Items 7-11 of the cover pages.
The Reporting Person disclaims beneficial ownership (within the meaning of Rule 16a-1(a)(2) under the Act) of the Units reported herein except to the extent of its or his pecuniary interest therein.
(c) The Reporting Person did not engage in any transactions in Units of the Issuer during the sixty day period prior to the filing of this Schedule 13D.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Not applicable.
Item 7. Material to Be Filed as Exhibits
Not applicable.
SIGNATURE
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.
Date: January 21, 2020
| CITY NATIONAL ROCHDALE, LLC | |
| By: /s/ Donald Delano | |
| Name: Donald Delano | |
| Title: Chief Compliance Officer |