YHN Acquisition I: Karpus holds 2.26% stake

Karpus Management reports a 2.26% beneficial stake in YHN Acquisition I Ltd’s common shares with sole voting and dispositive power.

Rhea-AI Filing Summary

YHN Acquisition I Ltd (YHNA) received an amended Schedule 13G from Karpus Management, Inc. reporting its beneficial ownership of the company’s common shares. Karpus reports beneficial ownership of 96,975 common shares, representing 2.26% of the class, with sole voting and dispositive power over all such shares.

Karpus files as a registered investment adviser, stating that the shares are owned directly by accounts it manages and that it exercises voting and investment power independently of its parent, City of London Investment Group plc.

Key Figures

Beneficially owned shares: 96,975 shares Percent of class: 2.26% Sole voting power: 96,975 shares +3 more

6 metrics

Beneficially owned shares 96,975 shares Common shares of YHN Acquisition I Ltd reported by Karpus Management, Inc.

Percent of class 2.26% Portion of YHN Acquisition I Ltd’s common stock beneficially owned by Karpus

Sole voting power 96,975 shares Shares over which Karpus has sole power to vote or direct the vote

Sole dispositive power 96,975 shares Shares over which Karpus has sole power to dispose or direct disposition

Ownership threshold status 5 percent or less Ownership of 5 percent or less of a class as indicated in Item 5

Filing signature date September 4, 2026 Date signed by Jodi L. Hedberg, Chief Compliance Officer

Key Terms

beneficial ownership, sole dispositive power, sole voting power, registered investment adviser, +1 more

5 terms

beneficial ownership financial

"The Shares to which this relates are owned directly by the accounts managed by Karpus."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

sole dispositive power financial

"Sole Dispositive Power 96,975.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

sole voting power financial

"Sole Voting Power 96,975.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

registered investment adviser regulatory

"Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940."

A registered investment adviser (RIA) is a firm or individual legally registered with regulators to give personalized investment advice and manage clients' money, with a duty to put clients’ interests ahead of their own. Think of an RIA as a licensed financial guide who must disclose fees, conflicts and how they are paid; that transparency and legal duty matter to investors because it reduces the risk of hidden costs or biased recommendations.

Schedule 13G regulatory

"The Shares to which this relates are owned directly by the accounts managed by Karpus."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

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

What percentage of YHN Acquisition I Ltd (YHNA) does Karpus Management, Inc. report owning?

Karpus Management, Inc. reports beneficial ownership of 2.26% of YHN Acquisition I Ltd’s common shares. This is based on its holding of 96,975 common shares as disclosed in the amended Schedule 13G.

How many YHNA shares does Karpus Management, Inc. beneficially own?

Karpus Management, Inc. reports beneficial ownership of 96,975 common shares of YHN Acquisition I Ltd. It indicates that these shares are held in accounts managed by Karpus.

Does Karpus Management, Inc. have sole or shared voting power over its YHNA shares?

Karpus Management, Inc. reports sole voting power over 96,975 shares and no shared voting power. It also reports sole dispositive power over the same 96,975 shares, with no shared dispositive power.

What type of filer is Karpus Management, Inc. in relation to YHN Acquisition I Ltd (YHNA)?

Karpus Management, Inc. is described as a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. The reported YHNA shares are owned directly by accounts managed by Karpus.

What does the Schedule 13G/A say about Karpus’s ownership level in YHN Acquisition I Ltd?

The filing indicates that Karpus’s beneficial ownership is 5 percent or less of the class of YHN Acquisition I Ltd’s common shares, with the specific reported percentage at 2.26%.

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

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Available on EDGAR 09/04/2026 - 04:07 PM EDT Accepted by SEC EDGAR 09/04/2026 - 04:07 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

YHN Acquisition I Limited

(Name of Issuer)

Common

(Title of Class of Securities)

G1514D101

(CUSIP Number)

08/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G1514D101

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 96,975.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 96,975.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

96,975.00

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)

2.26 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: YHN Acquisition I Limited
(b)	Address of issuer's principal executive offices: 2/F, Hang Seng Building, 200 Hennessy Road, Wan Chai, Hong Kong
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.: G1514D101
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: 96,975.00
(b)	Percent of class: 2.26 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 96,975.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 96,975.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	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:	09/04/2026