SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
June 26, 2003
1. NAME OF REPORTING PERSON
Phillip Goldstein
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
USA
________________________________________________________________
7. SOLE VOTING POWER
517,450
8. SHARED VOTING POWER
65,000
9. SOLE DISPOSITIVE POWER
1,452,744_______________________________________________________
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,452,744
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES []
________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
6.26%
14. TYPE OF REPORTING PERSON
IA
________________________________________________________________
1. NAME OF REPORTING PERSON
Andrew Dakos
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
USA
________________________________________________________________
7. SOLE VOTING POWER
0
8. SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
1,087,301
_________________________________________________________
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,087,301
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES []
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.69
14. TYPE OF REPORTING PERSON
IA
This statement constitutes Amendment No.1 to the Schedule 13D
filed on June 20, 2003.Except as specifically set forth herein,
the Schedule 13D remains unmodified.
Item 5 is amended as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
a. As per the quarterly report for the quarter ended March 31,
2003 there were 23,175,036 shares of LQID outstanding. The
percentage set forth in this item (5a) was derived using such
number.
Mr. Goldstein is deemed to be the beneficial owner of 1,452,744
shares of LQID or 6.26% of the outstanding shares. Mr. Dakos is
deemed to be the beneficial owner of 1,087,301 shares or 4.69% of
the outstanding shares.
b. Power to dispose of securities resides solely with Mr.
Goldstein for 1,452,744 shares. Power to vote securities resides
solely with Mr. Goldstein for 517,450 shares and jointly for
65,000 shares. Power to dispose of securities resides solely with
Mr. Dakos for 1,087,301 shares.
c. During the last sixty days the following shares of common
stock were purchased or sold (excludes trades included in
previous filings):
(Dates are settlement dates)
Shares Purchased:
6/27/03 10,000 @ .36
7/1/03 236,000 @ .36
7/2/03 180,000 @ .36
7/8/03 155,000 @ .36
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: 7/3/03
By: /s/ Phillip Goldstein
Name: Phillip Goldstein
By: /s/ Andrew Dakos
Name: Andrew Dakos