Karpus Files 13G/A Showing 1.57M Shares (14.32%) in CHARU

Rhea-AI Filing Summary

Karpus Management, Inc. filed an amendment to Schedule 13G reporting beneficial ownership of 1,570,317 shares of Charlton Aria Acquisition Corp. common stock, representing 14.32% of the class. The filing states these shares are owned directly by accounts managed by Karpus and are held in the ordinary course of business, not for the purpose of changing or influencing control. Karpus is a New York registered investment adviser controlled by City of London Investment Group plc, but effective informational barriers are in place so Karpus exercises voting and investment power independently.

Positive

• Material minority stake disclosed: 1,570,317 shares equal 14.32% of the class, providing transparency to the market
• Held in ordinary course: Certification that shares are not held to change or influence control reduces immediate governance concerns
• Independent voting power: Karpus states it exercises voting and investment power independently from its parent, maintaining clear decision-making responsibility

Negative

• None.

Insights

Financial Analyst

TL;DR: Passive 14.32% stake signals material ownership but no asserted intent to influence control.

Karpus reports a material minority position of 1.57 million shares (14.32%), a level that makes its holdings visible to investors and may affect market liquidity or block certain corporate actions if combined with other holders. The filing explicitly states the position is held in the ordinary course and not to influence control, which typically classifies this as passive, reducing immediate governance risk. Investors should note the disclosure but cannot infer activist intent from this filing alone.

Corporate Governance Expert

TL;DR: Material minority ownership disclosed with certification of non-control; governance impact appears limited.

The 14.32% disclosure is significant from a governance transparency perspective because it surpasses many reporting thresholds. However, the certification that shares were not acquired to influence control and the lack of shared voting power indicate Karpus is not asserting control rights. Unless Karpus files additional schedules or engages with management, this position is unlikely to trigger immediate corporate governance changes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Charlton Aria Acquisition Corp.

(Name of Issuer)

Common

(Title of Class of Securities)

G9877L107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

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

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G9877L107

1

Names of Reporting Persons

KARPUS MANAGEMENT, 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

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,570,317.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,570,317.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,570,317.00

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)

14.32 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Charlton Aria Acquisition Corp.
(b)	Address of issuer's principal executive offices: 221 W 9th St, Suite 848 Wilmington, Delaware 19801
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Common
(e)	CUSIP No.: G9877L107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	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 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,570,317.00
(b)	Percent of class: 14.32 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,570,317.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,570,317.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

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

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	08/14/2025

FAQ

How many Charlton Aria Acquisition Corp. (CHARU) shares does Karpus Management own?

Karpus Management reports beneficial ownership of 1,570,317 shares.

What percentage of CHARU does the reported holding represent?

The filing states the holding represents 14.32% of the class.

Does Karpus intend to influence control of Charlton Aria Acquisition Corp.?

The certification in the filing states the shares were acquired and are held in the ordinary course and not to change or influence control.

When was the Schedule 13G/A signed?

The signature on the filing is dated 08/14/2025.

Who controls Karpus Management and does that affect attribution?

Karpus is controlled by City of London Investment Group plc, but the filing states effective informational barriers exist so attribution to the parent is not required.