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Portfolio (Quarterly) Guide ↗

Karpus Management, Inc.

· CIK 0001048703
13F Portfolio $3.3B AUM 214 positions Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 35 New 67 Added 81 Reduced 25 Exited
Page 3 of 5  ·  81 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 MEGI MainStay CBRE GLOBAL INFRASTRUCTURE MEGATRENDS FUND Financial Services 558,942.0 $7.7M 0.24% -72K -11.4% $13.76 +8.0%
42 Rising Dragon Acquisition Corp 736,550.0 $7.7M 0.24% -14K -1.8% $10.44
43 VOYAGER ACQ CRP; TNT ACQ DT: 8/9/2026; CASH: $10.05 667,716.0 $7.1M 0.22% -4K -0.6% $10.67
44 PLUM ACQ CRP IV; TNT ACQ DT: 7/15/2026; CASH: $10.10 672,200.0 $7.0M 0.21% -6K -0.8% $10.43
45 MLAC MOUNTAIN LAKE ACQ CRP; TNT ACQ DT: 6/13/2026; CASH: $10.05 Financial Services 620,220.0 $6.5M 0.20% -50K -7.5% $10.40 +1.8%
46 TDAC TRIDENT ACQ CORP; TNT ACQ DATE: 11/30/19; CASH $10.20 Financial Services 613,425.0 $6.4M 0.20% -3K -0.5% $10.46 +1.7%
47 JOF JAPAN SMALLER CAPTLZTN FD INC COM Financial Services 566,415.0 $6.3M 0.19% -96K -14.4% $11.08 +3.7%
48 Virtus DVD Intrst & PRM STR 413,044.0 $5.3M 0.16% -458K -52.6% $12.89
49 MGF MFS GOVT MKTS INCOME TR SH BEN INT Financial Services 1,686,089.0 $5.1M 0.16% -95K -5.3% $3.02 -5.1%
50 STEW SRH TOTAL RETURN FUND INC Financial Services 274,910.0 $5.1M 0.16% -11K -3.8% $18.54 -4.6%
51 BSTZ BLACKROCK SCIENCE AND TECHNOLOGY TRUST II Financial Services 212,726.0 $4.8M 0.15% -4K -1.8% $22.61 +17.9%
52 IIF MORGAN STANLEY INDIA INVS FD COM Financial Services 173,700.0 $4.3M 0.13% -2K -1.1% $24.98 -14.6%
53 ZTR VIRTUS GLOBAL DIVIDEND & INCOME FUND Financial Services 677,225.0 $4.3M 0.13% -450K -39.9% $6.30 +5.1%
54 TWN TAIWAN FD INC COM Financial Services 77,700.0 $4.1M 0.13% -3K -3.7% $53.38 +70.6%
55 PELICAN ACQ CRP; TNT ACQ DT: 8/23/2026; CASH: $10.00 344,025.0 $3.5M 0.11% -6K -1.9% $10.15
56 RFMZ RIVERNORTH FLEXIBLE MUNICIPAL INCOME FUND II Financial Services 263,585.0 $3.3M 0.10% -8K -3.1% $12.66 +3.2%
57 FFA First Trust ENH Equity Inc Financial Services 142,180.0 $3.1M 0.10% -6K -4.0% $22.02 +2.1%
58 LCCC LAKESHORE ACQ CRP III; TNT ACQ DT: 7/30/2026; CASH:$10.00 Financial Services 301,350.0 $3.1M 0.09% -12K -3.7% $10.19 +2.0%
59 UY SCUTI ACQ CRP; TNT ACQ DT: 9/30/2026; CASH: $10.00 298,856.0 $3.1M 0.09% -10K -3.2% $10.25
60 SVCC STELLAR V CAPITAL ACQ CRP; TNT ACQ DT: 6/20/2026; CASH: $10.07 Financial Services 295,500.0 $3.1M 0.09% -2K -0.6% $10.37 +1.3%
Page 3 of 5  ·  81 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 99.7%
Healthcare 0.1%
Technology 0.1%
Communication Services 0.0%
Consumer Cyclical 0.0%
Industrials 0.0%