Karpus Management, Inc. Reports 4.57% Stake in Melar Acquisition Corp. I/Cayman

Karpus Management, Inc. (d/b/a Karpus Investment Management) filed a Schedule 13G/A on April 7, 2026, reporting a new position in Melar Acquisition Corp. I/Cayman (MACI). As of the event date on March 31, 2026, the reporting person beneficially owns 988,505 shares of common stock, representing a 4.57% ownership stake in the company. This filing marks an increase from a previously reported 0.0% position. Karpus Management is a 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 voting and investment power over these securities. Consequently, attribution of beneficial ownership between Karpus and CLIG is not required. The shares are held directly by accounts managed by Karpus. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The reporting person holds sole voting and dispositive power over all reported shares.