Karpus Management Discloses 5.83% Ownership in Chenghe Acquisition II (CHEB)

Rhea-AI Filing Summary

Karpus Management, Inc. reports beneficial ownership of 688,967 common shares of Chenghe Acquisition II Co., representing 5.83% of the class. The shares are held in accounts managed by Karpus, a New York registered investment adviser controlled by City of London Investment Group plc but with informational barriers in place so Karpus exercises voting and investment power independently. Karpus states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing is a Schedule 13G/A, dated August 14, 2025, signed by the Chief Compliance Officer.

Positive

• Material disclosure of beneficial ownership: 688,967 shares representing 5.83% of the class
• Clear adviser status and explanation of informational barriers with parent company
• Certification that shares are held in the ordinary course of business and not for control

Negative

• None.

Insights

Securities Analyst

TL;DR: Karpus holds a material passive stake (5.83%) in Chenghe Acquisition II Co., disclosed as passive under Schedule 13G/A.

Karpus reports direct beneficial ownership of 688,967 shares or 5.83% of the common stock, a level that triggers public reporting and may draw investor attention. The filing emphasizes the adviser relationship and informational barriers with its parent, stating Karpus retains independent voting and investment authority. The certification clarifies the position is held in the ordinary course of business and not for control purposes, consistent with Schedule 13G treatment rather than an active Schedule 13D. For investors, this is a material ownership disclosure but not an active control signal.

Compliance/Risk Analyst

TL;DR: The filing appears compliant and includes required disclosures on ownership, adviser status, and certification of passive intent.

The Schedule 13G/A identifies Karpus as a registered investment adviser with a New York corporate status and provides the issuer and CUSIP. The statement includes the standard certification that the position was not acquired to change or influence control and notes informational barriers with the parent company to avoid attribution. Signature by the Chief Compliance Officer is provided. No inconsistencies or missing mandatory items are apparent from the provided text.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Chenghe Acquisition II Co.

(Name of Issuer)

Common

(Title of Class of Securities)

G20873108

(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. G20873108

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 688,967.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 688,967.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

688,967.00

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)

5.83 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Chenghe Acquisition II Co.
(b)	Address of issuer's principal executive offices: No. 29-11, 38 Beach Road, South Beach Tower Singapore, 189767 Singapore
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.: G20873108
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: 688,967.00
(b)	Percent of class: 5.83 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 688,967.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 688,967.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
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

What stake does Karpus Management hold in Chenghe Acquisition II Co. (CHEB)?

Karpus Management reported beneficial ownership of 688,967 shares, representing 5.83% of the common stock.

Is Karpus filing this as a passive investor or seeking control?

The filing is a Schedule 13G/A with a certification that the shares were acquired and are held in the ordinary course of business and not to change or influence control.

What is Karpus Management's relationship to City of London Investment Group?

Karpus is controlled by City of London Investment Group plc, but the filing states informational barriers have been established so Karpus exercises voting and investment power independently.

Who signed the Schedule 13G/A for Karpus?

The filing is signed by Jodi L. Hedberg, Chief Compliance Officer, dated August 14, 2025.

What class and CUSIP are reported in the filing?

The filing reports the issuer's Common shares with CUSIP G20873108.