Karpus discloses 11.99% stake in SC II Acquisition

Karpus Management, Inc., doing business as Karpus Investment Management, has disclosed a significant ownership position in SC II Acquisition Corp. common stock.

Accepted by SEC EDGAR 02/06/2026 - 04:02 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Karpus Management, Inc., doing business as Karpus Investment Management, has disclosed a significant ownership position in SC II Acquisition Corp. common stock. Karpus reports beneficial ownership of 2,985,904 shares, representing 11.99% of the class, with sole voting and dispositive power over all reported shares.

Karpus is a New York–based registered investment adviser and states that the shares are held in accounts it manages in the ordinary course of business. It also certifies that the investment is not intended to change or influence control of SC II Acquisition Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Karpus Management disclose about its SCII ownership in this Schedule 13G?

Karpus Management disclosed beneficial ownership of 2,985,904 shares of SC II Acquisition Corp. common stock, equal to 11.99% of the class. It reports sole voting and dispositive power over all these shares through accounts it manages as an investment adviser.

Who is the reporting person in the SCII Schedule 13G filing?

The reporting person is Karpus Management, Inc., doing business as Karpus Investment Management. It is a New York corporation and a registered investment adviser, filing on behalf of client accounts that directly own the SC II Acquisition Corp. common shares reported.

Does Karpus Management intend to influence control of SC II Acquisition Corp (SCII)?

Karpus Management certifies the SC II Acquisition Corp. shares were acquired and are held in the ordinary course of business. It states they were not acquired and are not held for the purpose of changing or influencing control of the company or in connection with such a transaction.

What level of voting power does Karpus Management have over SCII shares?

Karpus reports sole voting power over 2,985,904 SC II Acquisition Corp. common shares and no shared voting power. It also reports sole dispositive power over the same number of shares, meaning it directs how these shares are voted and potentially sold for client accounts.

How large is Karpus Management’s percentage stake in SCII common stock?

Karpus Management reports beneficial ownership of 11.99% of SC II Acquisition Corp.’s outstanding common stock. This percentage is based on 2,985,904 shares held for its managed accounts and exceeds the 5% threshold that requires public Schedule 13G disclosure to the market.

How is Karpus Management related to City of London Investment Group in this SCII filing?

Karpus Management is controlled by City of London Investment Group plc, but states effective informational barriers exist. As a result, voting and investment power over SC II Acquisition Corp. securities are exercised independently by Karpus, and beneficial ownership is not attributed between the two entities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SC II Acquisition Corp.

(Name of Issuer)

Common

(Title of Class of Securities)

G7866D102

(CUSIP Number)

01/30/2026

(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. G7866D102

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 2,985,904.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,985,904.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,985,904.00

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)

11.99 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SC II Acquisition Corp.
(b)	Address of issuer's principal executive offices: 575 Fifth Avenue, 14th Floor, New York, NY 10017
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.: G7866D102
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: 2,985,904.00
(b)	Percent of class: 11.99 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,985,904.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 2,985,904.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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:	02/06/2026