Karpus Management Reduces Stake in RF Acquisition Corp II to 19.66%

On April 7, 2026, Karpus Management, Inc. (d/b/a Karpus Investment Management) filed an amendment to its Schedule 13G regarding its holdings in RF Acquisition Corp II (RFAI). The filing indicates a significant reduction in the reporting person's position. As of the event date on March 31, 2026, Karpus Management reported owning 1,640,733 shares of common stock, representing 19.66% of the class. This is a notable decrease from the previously reported 2,391,058 shares, which accounted for a 28.66% ownership stake. Karpus Management is a registered investment adviser based in Pittsford, New York, and is controlled by City of London Investment Group plc (CLIG). However, the filing notes that effective informational barriers exist, allowing Karpus to exercise independent voting and investment power. The securities are held in the ordinary course of business and not for the purpose of influencing or changing control of the issuer. The reporting person maintains sole voting and dispositive power over all 1,640,733 shares reported in this filing.