Filing Details
- Accession Number:
- 0001072613-20-000344
- Form Type:
- 13G Filing
- Publication Date:
- 2020-10-09 16:10:27
- Filed By:
- Karpus Management, Inc.
- Company:
- Faraday Future Intelligent Electric Inc.
- Filing Date:
- 2020-10-09
- SEC Url:
- 13G Filing
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 |
|---|---|---|---|---|---|---|
| (S) Karpus Investment Management | 3,351,598 | 0 | 3,436,598 | 0 | 3,436,598 | 11.94% |
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).
CUSIP No. 74348Q108 | 13G | Page 2 of 5 Pages |
| 1. | NAME OF REPORTING PERSON(S)
Karpus Investment Management
| |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) ☐ (b) ☒ | ||
| 3. | SEC USE ONLY
| |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION
New York
|
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER
3,351,598 Shares
| ||
| 6. | SHARED VOTING POWER
0 Shares
| |||
| 7. | SOLE DISPOSITIVE POWER
3,436,598 Shares
| |||
| 8. | SHARED DISPOSITIVE POWER
0 Shares
|
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,436,598 Shares
| |||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
| ☐ | ||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.94%
| |||
12. | TYPE OF REPORTING PERSON
IA
|
CUSIP No. 74348Q108 | 13G | Page 3 of 5 Pages |
| Item 1(a). | Name of Issuer: |
Property Solutions Acquisition Corp.
| Item 1(b). | Address of Issuer's Principal Executive Offices: |
654 Madison Ave., New York, New York 10065
| Item 2(a). | Name of Person Filing: |
This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management (“Karpus” or the “Reporting Person”). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc (“CLIG”), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG.
The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
183 Sully's Trail, Pittsford, New York 14534.
| Item 2(c). | Citizenship: |
The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
| Item 2(d). | Title of Class of Securities:
Common Stock |
| Item 2(e). | CUSIP Number: |
74348Q108
| Item 3. | If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (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)(19) 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. 80a-8); |
| (e) | ☒ | 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 definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
| |
| (j) | ☐ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
| (k) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(K). |
CUSIP No. 74348Q108 | 13G | Page 4 of 5 Pages |
| Item
4. | Ownership: |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☐
Item
6. | Ownership
of More than Five Percent on Behalf of Another Person. |
Accounts managed by Karpus (the "Accounts") have the right to receive all dividends from, and any proceeds from the sale of the shares. None of the Accounts has an interest in shares constituting more than 5% of the shares outstanding.
Item
7. | Identification
and Classification of the Subsidiary Which Acquired the Security being Reported on by
the Parent Holding Company. |
Item
8. | Identification
and Classification of Members of the Group. |
Item
9. | Notice
of Dissolution of Group. |
Item
10. | Certification. |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
CUSIP No. 74348Q108 | 13G | Page 5 of 5 Pages |
KARPUS MANAGEMENT, INC. | |||
By: | /s/ Jodi L.Hedberg | ||
| Name: Jodi L. Hedberg | |||
| Title: Chief Compliance Officer | |||