a6860666.htm
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
SCHEDULE 13D
 
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
 
RIVUS BOND FUND
(Name of Issuer)
 
Shares of Beneficial Interest
(Title of Class of Securities)
 
769667106
(CUSIP Number)
 
JOSEPH V. DEL RASO, ESQ.
PEPPER HAMILTON LLP
3000 TWO LOGAN SQUARE
PHILADELPHIA, PA 19103
Fax: 215-981-4750
Direct Dial: 215-981-4506
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
 
October 22, 2010
(Date of Event which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-l(b)(3) or (4), check the following box. [ ]
 
NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-l(a) for other parties to whom copies are to be sent.
 
* 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 (“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).
 
 
 
 
 
 
SCHEDULE 13D
CUSIP No.
  
769667106 
                
 
 
 
  1    
NAME OF REPORTING PERSON 
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 
MBIA Inc.
06-1185706
           
           
  2    
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  
 
 
(a) o
 
 
(b) o
           
  3    
SEC USE ONLY
  
     
     
           
  4    
SOURCE OF FUNDS
  
   
 
WC
           
  5    
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
     
 
 
þ
           
  6    
CITIZENSHIP OR PLACE OF ORIGINATION
  
     
 
State of Connecticut
  
         
 
7
  
SOLE VOTING POWER
  
       
NUMBER OF
  
360,867 shares of Beneficial Interest
  
         
SHARES
8
  
SHARED VOTING POWER
  
BENEFICIALLY
      
OWNED BY
  
None.
  
         
EACH
9
  
SOLE DISPOSITIVE POWER
  
REPORTING
      
PERSON
  
360,867 shares of Beneficial Interest
  
         
WITH
10
  
SHARED DISPOSITIVE POWER
  
       
   
None.
  
           
  11    
AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
     
 
360,867 shares of Beneficial Interest
  
           
  12    
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) 
EXCLUDES CERTAIN SHARES
  
     
 
 
o
           
  13    
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  
     
 
 
3.37%
           
  14    
TYPE OF REPORTING PERSON
  
     
 
 
IC, HC
 
 
 
 
 
This Amendment No. 1 (this “Amendment”) amends and supplements the Schedule 13D filed by MBIA Inc. (the “Reporting Person”) with the Securities and Exchange Commission on May 8, 2008 (the “Schedule 13D”), relating to the shares of beneficial interest (the “Shares”) of Rivus Bond Fund (the “Issuer”).  All capitalized terms used in this Amendment and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D.
 
Item 5 is hereby amended and restated as follows:
 
Item 5.    Interest in Securities of the Issuer.
 
(a) The Reporting Person beneficially owns 360,867  shares of beneficial interest, constituting approximately 3.37% of the outstanding Shares (computed on the basis of 10,708,597 Shares outstanding on September 14, 2011).
 
(b) The Reporting Person owns 360,867 shares of beneficial interest and has sole voting and dispositive power for all such shares.
 
(c) During the past sixty days, the Reporting Person has sold shares in the open market in the transactions listed below:
 
Transaction
Date
Transaction
Type
Number of Shares
Transacted
Price Per
Share
9/13/2011
Sale
908
$18.530
9/13/2011
Sale
700
$18.520
9/13/2011
Sale
2,220
$18.510
9/13/2011
Sale
4,772
$18.500
9/12/2011
Sale
400
$18.570
9/12/2011
Sale
367
$18.560
9/12/2011
Sale
300
$18.555
9/12/2011
Sale
6,200
$18.550
9/12/2011
Sale
100
$18.540
9/12/2011
Sale
233
$18.500
9/9/2011
Sale
1,600
$18.680
9/9/2011
Sale
100
$18.660
9/9/2011
Sale
100
$18.640
9/9/2011
Sale
1,000
$18.630
9/9/2011
Sale
2,500
$18.620
9/9/2011
Sale
500
$18.615
9/9/2011
Sale
7,000
$18.610
9/9/2011
Sale
6,800
$18.600
9/8/2011
Sale
100
$ 18.650
9/8/2011
Sale
210
$ 18.630
9/8/2011
Sale
600
$ 18.610
9/8/2011
Sale
1,200
$ 18.605
9/8/2011
Sale
6,890
$ 18.600
9/7/2011
Sale
500
$ 18.650
9/7/2011
Sale
100
$ 18.640
9/7/2011
Sale
800
$ 18.630
9/7/2011
Sale
1,503
$ 18.620
9/7/2011
Sale
2,100
$ 18.610
9/7/2011
Sale
1,997
$ 18.600
9/6/2011
Sale
200
$ 18.665
9/6/2011
Sale
200
$ 18.660
 
 
 
 
 
 
9/6/2011
Sale
523
$ 18.658
9/6/2011
Sale
2,377
$ 18.650
9/2/2011
Sale
3,640
$ 18.750
9/2/2011
Sale
1,100
$ 18.760
9/2/2011
Sale
2,460
$ 18.770
9/1/2011
Sale
2,400
$ 18.750
9/1/2011
Sale
700
$ 18.755
9/1/2011
Sale
200
$ 18.765
9/1/2011
Sale
600
$ 18.760
9/1/2011
Sale
2,900
$ 18.780
9/1/2011
Sale
800
$ 18.770
9/1/2011
Sale
1,800
$ 18.790
9/1/2011
Sale
100
$ 18.795
9/1/2011
Sale
900
$ 18.850
9/1/2011
Sale
500
$ 18.860
9/1/2011
Sale
2,000
$ 18.800
8/31/2011
Sale
4,700
$ 18.840
8/31/2011
Sale
1,900
$ 18.850

 
(d) Not applicable.
 
(e) The Reporting Person ceased to be a beneficial owner of 5% or more of the Issuer’s shares of beneficial interest on October 22, 2010 as a result of the increase in outstanding shares of the Issuer resulting from the Reorganization of the Hartford Income Shares Fund, Inc. with and into the Issuer.
 
SIGNATURES
 
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in the Statement is true, correct and complete.
 
DATED:             September 14, 2011  MBIA Inc.  
       
 
By:
/s/ Clifford D. Corso  
  Name:  Clifford D. Corso  
  Title: Executive Vice President and  
    Chief Investment Officer