Karpus Management, Inc. Increases Stake in Legato Merger Corp. III to 8.29%

Karpus Management, Inc. (d/b/a Karpus Investment Management) filed a Schedule 13G/A on April 7, 2026, disclosing a significant stake in Legato Merger Corp. III (LEGT). As of the event date on March 31, 2026, the reporting person beneficially owns 2,139,308 shares of common stock, representing 8.29% of the company. This filing marks an increase from the previously reported 0.0% ownership, indicating a new substantial position for the investment adviser. Karpus Management, Inc. exercises sole voting and dispositive power over all 2,139,308 shares. The reporting person is a New York-based registered investment adviser controlled by City of London Investment Group plc (CLIG). However, the filing notes that effective informational barriers are in place, allowing Karpus to exercise independent investment and voting power. The securities were acquired in the ordinary course of business and are not held for the purpose of influencing or changing the control of the issuer.