SC 13G 1 v160625_sc13g


 

SCHEDULE 13G

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

BRANTLEY CAPITAL CORPORATION

(Name of Issuer)

 

Common Stock,

(Title of Class of Securities)

 

 

105494108

 

  

(CUSIP Number)

 

September 30, 2010

  

  

(Date of Event which Requires Filing of this Statement)

  

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)

 

o Rule 13d-1(c)

 

o Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes).

 

  



CUSIP No.  105494108

  

1

 NAMES OF REPORTING PERSONS

 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

  The Ancora Group, Inc.

2

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 

(a) ¨

(b) ¨

 

3

 

 SEC USE ONLY

 

4

 

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

  State of Ohio, United States

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5

 

 SOLE VOTING POWER

 

       -0-

 

6

 

 SHARED VOTING POWER

 

        -0-

 

7

 

 SOLE DISPOSITIVE POWER

 

           -0-

 

8

 

 SHARED DISPOSITIVE POWER

 

       -0-

 

9

 

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

       -0-

 

10

 

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 

¨

 (See Instructions)

 

11

 

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

     0.0%

 

12

 

 TYPE OF REPORTING PERSON (See Instructions)

      HC

 

 



CUSIP No.  105494108

  

1

 NAMES OF REPORTING PERSONS

 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

  Ancora Advisors, LLC

2

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 

(a) ¨

(b) ¨

 

3

 

 SEC USE ONLY

 

4

 

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

  State of Nevada, United States

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5

 

 SOLE VOTING POWER

 

       330,065

 

6

 

 SHARED VOTING POWER

 

        -0-

 

7

 

 SOLE DISPOSITIVE POWER

 

          330,065

 

8

 

 SHARED DISPOSITIVE POWER

 

       -0-

 

9

 

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

       330,065

 

10

 

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 

¨

 (See Instructions)

 

11

 

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

     8.66%

 

12

 

 TYPE OF REPORTING PERSON (See Instructions)

      IA

 

 

CUSIP No.  105494108

  

 

1

 

 NAMES OF REPORTING PERSONS

 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

 

  Richard Barone

 

2

 

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 

(a) ¨

(b) ¨

 

3

 

 SEC USE ONLY

 

4

 

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

  United States

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5

 

 SOLE VOTING POWER

 

       90,000

 

6

 

 SHARED VOTING POWER

 

        -0-

 

7

 

 SOLE DISPOSITIVE POWER

 

          90,000

 

8

 

 SHARED DISPOSITIVE POWER

 

        -0-

 

9

 

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

       90,000

 

10

 

 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 

¨

 (See Instructions)

 

11

 

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

     2.36%

 

12

 

 TYPE OF REPORTING PERSON (See Instructions)

      IN 

Item 1(a)                      Name of Issuer:

 

Brantley Capital Corporation, a Maryland corporation (the “Issuer”)

 

Item 1(b)                      Address of Issuer’s Principal Executive Offices:

 

287 Bowman Avenue, 2nd Floor

C/O MVC Capital, Inc.

Purchase, NY 10577

 

Item 2(a)                      Name of Person Filing:

 

This Schedule 13G is being filed by The Ancora Group, Inc. (the “Reporting Person”).

 

Item 2(b)                      Address of Principal Business Office or, if None, Residence:

 

Name

Business Address

 

 

The Ancora Group, Inc.

2000 Auburn Drive, Suite 300

Cleveland, OH 44122

 

 

  

 

Item 2(c)                      Citizenship:

 

Each of the Reporting Persons is a United States company or United States Citizen.


Mr. Barone is a U.S. citizen and maintains the right to claim dual citizenship with the Republic of Italy.


 

Item 2(d)                      Title of Class of Securities:

 

Common Stock

 

Item 2(e)                      CUSIP Number:

 

105494108 


Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or (c), check whether the person filing is a:   

 

(a) o Broker or dealer registered under Section 15 of the Exchange Act.

 

(b) o Bank as defined in section 3(a)(6) of the Exchange Act.

 

(c) o Insurance company as defined in section 3(a)(19) of the Exchange Act.

 

(d) o Investment company registered under section 8 of the Investment Company Act of 1940.

 

(e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

   

(f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

 

(g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).

 

(h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

 

(i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940.

 

(j) o Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 



Item 4.                                Ownership.

 

Set forth below Mr. Barone and the other entities named herein, in the aggregate, is the number of Shares which may be deemed to be beneficially owned as of September 30, 2010, and the percentage of the Shares outstanding represented by such ownership (based on 3,810,535 shares outstanding as of September 30, 2004):


Name:

No. of Shares

Percent of Class


Richard A. Barone(1)

  90,000

2.36 %


Ancora Advisors(2)

330,065

8.66 %


Ancora Owners/Employees(3)

    33,000

0.87 %


Total

453,065

11.89  %



(1) These Shares are owned Mr. Barone that he directly controls.


(2) These Shares are owned by investment clients of Ancora Advisors. Ancora Advisors does not own these shares directly but, by virtue of Ancora Advisors Investment Management Agreement with the investment clients of Ancora Advisors, each may be deemed to beneficially own 330,065 Shares by reason of their power to dispose of such Shares. Ancora Advisors disclaims beneficial ownership of such Shares.


(3) These shares are owned by the owners and employees of Ancora excluding Mr. Barone.


This statement is filed on behalf of all persons and entities (the Reporting Persons), herein referred to as “Ancora” or “Ancora Group”.  Participants in the Ancora Group include Yhe Ancora Group, Inc, an entity incorporated under the laws of the state of Ohio, Ancora Capital, Inc. an entity incorporated under the laws of the state of Ohio; Ancora Advisors LLC, a Nevada limited liability company; Merlin Partners, an investment limited partnership registered in Delaware; various owners and employees of the aforementioned entities. The Ancora Group, Inc is located at One Chagrin Highlands, 2000 Auburn Drive, Suite 300, Cleveland, Ohio 44122.


Ancora Advisors LLC is registered as an investment advisor with the SEC under the Investment Advisors Act, as amended. Mr. Richard Barone is the controlling shareholder of Ancora Capital, controls 31% of Ancora Advisors, owns approximately 5% of Merlin Partners, and is Chairman of and has an ownership interest in the various Ancora Funds.


Ancora Advisors LLC has the power to dispose of the shares owned by the investment clients for which it acts as advisor, including Merlin Partners, for which it is also the General Partner.


All entities named herein (Ancora Group) each disclaim membership in a Group as such term is defined in Section 13(d)(3) of the Securities Exchange Act of 1934 and the Rules and Regulations promulgated thereunder.



 

Item 5.  

Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.      N/A

 

  

Item 6.  

Ownership of More than Five Percent on Behalf of Another Person.

 

See Item 4 as noted above.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Ancora Advisors

IA

 

Item 8.

Identification and Classification of Members of the Group.

 

N/A

 

Item 9.

Notice of Dissolution of Group.

 

N/A

 

Item 10.

Certification.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct.

 

October 14, 2010

 

 

/s/ Richard A. Barone

 

Richard A. Barone

 

Chairman

 

The Ancora Group, Inc.

 

 

 

  



 

AGREEMENT

 

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that this Statement on Schedule 13G relating to the Common Stock of Brantley Capital Corporation is being filed with the Securities and Exchange Commission on behalf of each of them.

 

October 14, 2010

 

 

/s/ Richard A. Barone

 

Richard A. Barone

 

Chairman

 

The Ancora Group, Inc.

  

 

/s/ Richard A. Barone

 

Richard A. Barone

 

Chairman

 

Ancora Advisors, LLC

  
 

/s/ Richard A. Barone

 

Richard A. Barone