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OMB
APPROVAL
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OMB
Number: 3235-0145
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Expires: February
28, 2009
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Estimated
average burden
Hours
per
response 14.5
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CUSIP
No.
552939100
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1 Name
of Reporting
Persons
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I.R.S.
Identification Nos. of above persons (entities
only)
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Bulldog
Investors General Partnership
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56-2585535
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2
Check the Appropriate Box if a Member of a Group (See
Instructions)
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(a) [ ]
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(b) [X]
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3
SEC Use Only
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4
Source of Funds (See Instructions)
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WC
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5
Check if Disclosure of Legal Proceedings is Required Pursuant
to
Items 2(d) or 2(e)[ ]
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6
Citizenship or Place of Organization
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New
York
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Number
of 7 Sole
Voting
Power 5,290,454
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Shares
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Beneficially 8 Shared
Voting
Power 0
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Owned
by
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Each 9 Sole
Dispositive
Power 5,290,454
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Reporting
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Person
With: 10 Shared
Dispositive
Power 0
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11 Aggregate
Amount Beneficially Owned by Each Reporting
Person
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5,290,454
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12 Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)[ ]
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13 Percent
of Class Represented by Amount in Row (11)
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10.3%
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14 Type
of Reporting Person (See Instructions)
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PN
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This
Amendment No. 3 amends the Schedule 13D filed May 1, 2007 (the
“Schedule
13D”), as amended by Amendment No. 1 filed June 13, 2007, and Amendment
No. 2 filed September 11, 2007, and is filed by Bulldog Investors
General
Partnership (the “Reporting Person”), with respect to the Common Stock of
MGF. Capitalized terms used herein but not defined herein shall
have the meanings attributed to them in the Schedule
13D.
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Item
6. Contracts,
Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
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Item
6 of the Schedule 13D is supplemented as follows:
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On
October 4, 2007 the Reporting Person entered into an agreement
(the “MGF
Agreement”) with Massachusetts Financial Services Company (“MFS”), the
advisor of MGF, to terminate the Reporting Person’s tender offer, which
was announced on September 11, 2007, to purchase up to 5,000,000
of the
outstanding shares (the “Shares”) of common stock, no par value, of MGF
for cash at a price equal to 96.25% of the net asset value per
Share
determined as of the close of the regular trading session of the
New York
Stock Exchange on the expiration date of the tender
offer.
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In
addition, pursuant to the terms of the MGF Agreement:
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(i) MFS
shall recommend that the Board of Trustees of MGF approve a tender
offer
by MGF for 37.5% of its issued and outstanding common shares at
a price
equal to 99% of net asset value to expire as of market close on
November
14, 2007, subject to certain conditions (the “MGF Tender”);
(ii) the
Reporting Person shall terminate its related proxy solicitation
and
withdraw its nominees for election at the 2007 Annual Meeting of
Shareholders of MGF, withdraw its shareholder proposal to open-end
MGF and
support MGF’s proposal to incur leverage;
(iii) for
a period of five years after consummation of the MGF Tender, the
Reporting
Person shall (a) refrain from directly or indirectly making or
supporting
any shareholder proposals concerning MGF, (b) vote in accordance
with the
recommendations of MFS on any matters affecting MGF, (c) refrain
from
directly or indirectly soliciting or encouraging others to vote
against
MFS’s recommendations on any matters affecting MGF; and (d) refrain
from
directly or indirectly proposing, or making any filing with respect
to,
any form of business combination, restructuring, recapitalization,
dissolution or similar transaction involving MGF, including, without
limitation, a merger, tender or exchange offer, open-ending, share
repurchase or liquidation of the MGF’s assets; and
(iv) for
a period of 18 months after consummation of the MGF Tender, the
Reporting
Person shall (a) refrain from directly or indirectly making or
supporting
any shareholder proposals concerning any other existing or future
MFS-advised closed-end funds (“Other MFS Funds”), (b) vote in accordance
with MFS’s recommendations on any matters affecting the Other MFS Funds,
(c) refrain from directly or indirectly soliciting or encouraging
others
to vote against MFS’s recommendations on any matters affecting the Other
MFS Funds; and (d) refrain from directly or indirectly proposing,
or
making any filing with respect to, any form of business combination,
restructuring, recapitalization, dissolution or similar transaction
involving the Other MFS Funds, including, without limitation, a
merger,
tender or exchange offer, open-ending, share repurchase or liquidation
of
the Other MFS Funds’ assets.
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The
foregoing description of the MGF Agreement does not purport to
be complete
and is qualified in its entirety by reference to the full text
thereof,
which is filed as Exhibit 1 hereto, and is incorporated herein
by
reference.
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Exhibit
No.
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Description
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1.
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MGF
Tender and Standstill Agreement, dated as of October 4, 2007, between
Bulldog Investors General Partnership and Massachusetts Financial
Services
Company (filed herewith).
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DATE: October
5, 2007
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BULLDOG
INVESTORS GENERAL PARTNERSHIP
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By: KIMBALL
& WINTHROP, INC., general partner
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| By: /s/ Phillip Goldstein | |
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Name:
Phillip Goldstein
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Title: President
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