SC 13D/A
1
thirda.txt
SCHEDULE 13D/A
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
4/30/24
1. NAME OF REPORTING PERSON
Bulldog Investors, LLP
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
0
8. SHARED VOTING POWER
950,152
9. SOLE DISPOSITIVE POWER
0
_______________________________________________________
10. SHARED DISPOSITIVE POWER
950,152
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
950,152 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
2.43%
14. TYPE OF REPORTING PERSON
IA
___________________________________________________________
1. NAME OF REPORTING PERSON
Phillip Goldstein
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
0
8. SHARED VOTING POWER
1,894,741
9. SOLE DISPOSITIVE POWER
0
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,894,741
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,894,741 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.84%
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
0
8. SHARED VOTING POWER
1,894,741
9. SOLE DISPOSITIVE POWER
0
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,894,741
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,894,741 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.84%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
Item 1. SECURITY AND ISSUER
This Constitutes Amendment #1 to the schedule 13d filed
March 19, 2024. 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 2/2/24 there were 39,172,838 shares of
common stock outstanding as of 11/30/23. The percentages set forth
herein were derived using such number. Phillip Goldstein and Andrew Dakos
own Bulldog Investors, LLP, a registered investment advisor.
As of April 30, 2024 Bulldog Investors, LLP is deemed to be the beneficial
owner of 950,152 shares of KTF (representing 2.43% of KTF's outstanding
shares) solely by virtue of Bulldog Investors LLP's power to direct the
vote of,and dispose of, these shares.
As of April 30, 2024, each of Messrs. Goldstein and Dakos is deemed to be
the beneficial owner of 1,894,741 shares of KTF (representing 4.84% of KTF's
outstanding shares) by virtue of their power to direct the vote of, and
dispose of, these shares.
(b)Bulldog Investors,LLP has sole power to dispose of and vote 0 shares.
Bulldog Investors, LLP has shared power to dispose of and vote 950,152
shares. Certain of Bulldog Investors, LLP's clients (none of whom
beneficially own more than 5% of KTF's shares) share this power with
Bulldog Investors, LLP. Messrs. Goldstein and Dakos are partners of Bulldog
Investors, LLP. Messrs. Goldstein and Dakos have shared power to dispose
of and vote an additional 944,589 shares.
c) Since the last filing on 3/19/24 the following shares of KTF were traded.
Date Shares Price
4/30/2024 (4,107) 9.3092
4/30/2024 (300,000) 9.3004
4/29/2024 (317,579) 9.3100
4/26/2024 (1,010) 9.3100
4/26/2024 (5,123) 9.3402
4/25/2024 (1,000) 9.3000
4/24/2024 (11,000) 9.3337
4/24/2024 (5,123) 9.3403
4/23/2024 (6,800) 9.3481
4/19/2024 (5,000) 9.3500
4/17/2024 (2,000) 9.4100
4/16/2024 (988) 9.3500
4/12/2024 (5,991) 9.4000
4/9/2024 (4,400) 9.5300
4/8/2024 (600) 9.5700
4/5/2024 (742) 9.5800
4/4/2024 (7,187) 9.5800
3/28/2024 4,301 8.9300
3/27/2024 781 8.9800
3/25/2024 695 9.0000
d) Clients of Bulldog Investors, LLP, a closed-end investment company for
which Messrs. Goldstein and Dakos have investment authority, and Mr.
Goldstein are entitled to receive any dividends or sales proceeds.
e) The Reporting Persons ceased to be the beneficial owner of more
than 5% of KTF's common stock on April 30, 2024 based on the N-CSR
filed February 2 2024.
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: 5/1/24
By: /S/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos
Bulldog Investors, LLP
By: /s/ Andrew Dakos
Andrew Dakos, Partner
Footnote 1: The reporting persons disclaim beneficial ownership except
to the extent of any pecuniary interest therein.
