SCHEDULE 13D/A
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
2/3/16
1. NAME OF REPORTING PERSON
Bulldog Investors, LLC
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
2,078,809
8. SHARED VOTING POWER
363,367
9. SOLE DISPOSITIVE POWER
2,078,809
_______________________________________________________
10. SHARED DISPOSITIVE POWER
363,367
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
2,442,176 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
21.35%
14. TYPE OF REPORTING PERSON
IA
1. NAME OF REPORTING PERSON
Bulldog Investors Group of Funds
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
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
2,078,809
8. SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
2,078,809
_______________________________________________________
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
2,078,809 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
18.17%
14. TYPE OF REPORTING PERSON
IC
___________________________________________________________
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
2,078,809
8. SHARED VOTING POWER
363,367
9. SOLE DISPOSITIVE POWER
2,078,809
_______________________________________________________
10. SHARED DISPOSITIVE POWER
363,367
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
2,442,176 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
21.35%
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
2,078,809
8. SHARED VOTING POWER
363,367
9. SOLE DISPOSITIVE POWER
2,078,809
_______________________________________________________
10. SHARED DISPOSITIVE POWER
363,367
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
2,442,176 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
21.35%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
Steven Samuels
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
2,078,809
8. SHARED VOTING POWER
363,367
9. SOLE DISPOSITIVE POWER
2,078,809
_______________________________________________________
10. SHARED DISPOSITIVE POWER
363,367
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
2,442,176 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
21.35%
14. TYPE OF REPORTING PERSON
IN
_______________________________________________________
Item 1. SECURITY AND ISSUER
This statement constitutes Amendment #14 to the schedule 13d
filed January 15, 2015. 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 August 24,2015, there were 11,441,022 shares
of common stock outstanding as of June 30, 2015. 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 February 3, 2016, Bulldog Investors, LLC is deemed to be the beneficial
owner of 2,442,176 shares of RIT (representing 21.35% of RIT's outstanding
shares) solely by virtue of Bulldog Investors LLC's power to direct the vote
of, and dispose of, these shares. These 2,442,176 shares of RIT include
2,078,809 shares (representing 18.17% of RIT's outstanding shares) that are
beneficially owned by the following entities over which Messrs. Goldstein,
Dakos and Samuels exercise control:Bulldog Investors General Partnership,
Opportunity Partners LP, Calapasas West Partners LP, Full Value Special
Situations Fund, LP, Full Value Offshore Fund, Ltd., Full Value Partners, LP,
Opportunity Income Plus, LP, MCM Opportunity Partners, LP, Steady Gain
Partners, LP, and Mercury 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 2,442,176 shares of
RIT 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 363,367 (representing 3.18%
of RIT's outstanding shares).
(b) Bulldog Investors, LLC has sole power to dispose of and vote 2,078,946
shares. Bulldog Investors, LLC has shared power to dispose of and vote 363,367
shares. Certain of Bulldog Investors, LLC's clients (none of whom beneficially
own more than 5% of RIT'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 11/24/15 the following shares of RIT were
purchased:
Date: Shares: Price:
12/03/15 1,196 12.5900
12/04/15 100 12.7600
12/07/15 264 12.6900
12/08/15 1,000 12.6700
12/15/15 4,008 12.5957
12/16/15 7,701 12.6764
12/17/15 4,483 12.7012
12/18/15 2,500 12.6600
12/21/15 1,200 12.6700
12/22/15 20,062 12.7485
12/28/15 7,148 12.9217
12/30/15 4,620 13.0244
01/04/16 85 12.7800
01/05/16 8,478 13.0007
01/06/16 8,300 12.9826
01/07/16 146 12.8900
01/08/16 400 12.7800
01/11/16 4,069 12.7003
01/13/16 1,900 12.5500
01/26/16 3,600 12.4740
01/27/16 4,900 12.3860
01/29/16 7,073 12.5300
02/01/16 4,037 12.5922
02/02/16 39,257 12.5194
02/03/16 28,900 12.5678
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: 2/4/16
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.