<SEC-DOCUMENT>0001162044-13-000871.txt : 20130801
<SEC-HEADER>0001162044-13-000871.hdr.sgml : 20130801
<ACCEPTANCE-DATETIME>20130801154727
ACCESSION NUMBER:		0001162044-13-000871
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20130801
DATE AS OF CHANGE:		20130801

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EAGLE CAPITAL GROWTH FUND, INC.
		CENTRAL INDEX KEY:			0000850027
		IRS NUMBER:				311274796
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-59173
		FILM NUMBER:		131002576

	BUSINESS ADDRESS:	
		STREET 1:		225 EAST MASON STREET
		STREET 2:		SUITE 802
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
		BUSINESS PHONE:		414-765-1107

	MAIL ADDRESS:	
		STREET 1:		225 EAST MASON STREET
		STREET 2:		SUITE 802
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NAIC GROWTH FUND INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BETTER INVESTING FUND INC
		DATE OF NAME CHANGE:	19890716

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ancora Advisors, LLC
		CENTRAL INDEX KEY:			0001446114
		IRS NUMBER:				331033773
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		2000 AUBURN DRIVE, SUITE 300
		CITY:			CLEVELAND
		STATE:			X1
		ZIP:			44122
		BUSINESS PHONE:		2168254000

	MAIL ADDRESS:	
		STREET 1:		2000 AUBURN DRIVE, SUITE 300
		CITY:			CLEVELAND
		STATE:			X1
		ZIP:			44122
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>ancorasc13d201308.htm
<TEXT>
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<HEAD>
<TITLE>--------------------------</TITLE>
<META NAME="author" CONTENT="LJS">
<META NAME="date" CONTENT="08/01/2013">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:576px"><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Courier New" align=center>--------------------------</P>
<P style="margin:0px; font-family:Courier New" align=center>UNITED STATES</P>
<P style="margin:0px; font-family:Courier New" align=center>SECURITIES AND EXCHANGE COMMISSION</P>
<P style="margin:0px; font-family:Courier New" align=center>Washington, D.C. 20549</P>
<P style="margin:0px; font-family:Courier New" align=center>SCHEDULE 13D</P>
<P style="margin:0px; font-family:Courier New" align=center>Under the Securities Exchange Act of 1934</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Courier New" align=center>Eagle Capital Growth Fund, Inc.</P>
<P style="margin:0px; font-family:Courier New" align=center>-------------------------------------------------------------------------------</P>
<P style="margin:0px; font-family:Courier New" align=center>(Name of Issuer)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Courier New" align=center>COMMON SHARES</P>
<P style="margin:0px; font-family:Courier New" align=center>-------------------------------------------------------------------------------</P>
<P style="margin:0px; font-family:Courier New" align=center>(Title of Class of Securities)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Courier New" align=center>269451100</P>
<P style="margin:0px; font-family:Courier New" align=center>-----------------</P>
<P style="margin:0px; font-family:Courier New" align=center>(CUSIP Number)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Courier New" align=center>Frederick DiSanto</P>
<P style="margin:0px; font-family:Courier New" align=center>C/O Ancora Advisors, LLC</P>
<P style="margin:0px; font-family:Courier New" align=center>ONE CHAGRIN HIGHLANDS</P>
<P style="margin:0px; font-family:Courier New" align=center>2000 AUBURN DRIVE, SUITE 300</P>
<P style="margin:0px; font-family:Courier New" align=center>CLEVELAND, OHIO 44122</P>
<P style="margin:0px; font-family:Courier New" align=center>(216) 825-4000</P>
<P style="margin:0px; font-family:Courier New" align=center>-------------------------------------------------------------------------------</P>
<P style="margin:0px; font-family:Courier New" align=center>(Name, Address and Telephone Number of Person Authorized to</P>
<P style="margin:0px; font-family:Courier New" align=center>Receive Notice and Communications)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Courier New" align=center>July 31, 2013</P>
<P style="margin:0px; font-family:Courier New" align=center>--------------------------------------------------------</P>
<P style="margin:0px; font-family:Courier New" align=center>(Date of Event which Requires Filing of this Statement)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Courier New" align=justify>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-1(b)(3) or (4), check the following box |__|.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Courier New">Check the following box if a fee is being paid with the statement &nbsp;|___|. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Courier New">SCHEDULE 13D</P>
<P style="margin:0px; font-family:Courier New">--------------------------------------------------------------------------------CUSIP NO. 269451100</P>
<P style="margin:0px; font-family:Courier New">--------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">1</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">NAME OF REPORTING PERSON</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">ANCORA ADVISORS, LLC</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">2</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_|</P>
<P style="margin:0px; font-family:Courier New; clear:left">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">3</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">SEC USE ONLY</P>
<P style="margin:0px; font-family:Courier New; clear:left">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">4</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">SOURCE OF FUNDS*</P>
<P style="margin:0px; text-indent:96px; font-family:Courier New; clear:left">OO</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">5</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">ITEMS 2(d) or 2(e) |_|</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">6</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">State of Nevada, U.S.A.</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:144px; width:192px; font-family:Courier New; float:left">7</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-family:Courier New">SOLE VOTING POWER</P>
<P style="margin:0px; font-family:Courier New; clear:left">NUMBER OF &nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; float:left">SHARES</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">99,500</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; clear:left; float:left">BENEFICIALLY</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">-----------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Courier New; clear:left; float:left">OWNED BY &nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">8</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">SHARED VOTING POWER</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; clear:left; float:left">EACH &nbsp;</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">0</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; clear:left; float:left">REPORTING </P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">-----------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Courier New; clear:left; float:left">PERSON</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">9</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">SOLE DISPOSITIVE POWER</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; clear:left; float:left">WITH</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">99,500</P>
<P style="margin:0px; padding-left:144px; text-indent:48px; font-family:Courier New; clear:left">-----------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:144px; width:192px; font-family:Courier New; float:left">10</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-family:Courier New">SHARED DISPOSITIVE POWER</P>
<P style="margin:0px; padding-left:144px; text-indent:48px; font-family:Courier New; clear:left">0</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">11</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">99,500</P>
<P style="margin:0px; font-family:Courier New">----------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">12</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">|_| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">13</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">3.18%</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">14 </P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">TYPE OF REPORTING PERSON*</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">IA</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Courier New">SCHEDULE 13D</P>
<P style="margin:0px; font-family:Courier New">--------------------------------------------------------------------------------CUSIP NO. 269451100</P>
<P style="margin:0px; font-family:Courier New">--------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">1</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">NAME OF REPORTING PERSON</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">Frederick DiSanto</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">2</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_|</P>
<P style="margin:0px; font-family:Courier New; clear:left">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">3</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">SEC USE ONLY</P>
<P style="margin:0px; font-family:Courier New; clear:left">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">4</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">SOURCE OF FUNDS*</P>
<P style="margin:0px; text-indent:96px; font-family:Courier New; clear:left">OO</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">5</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">ITEMS 2(d) or 2(e) |_|</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">6</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">United States of America</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:144px; width:192px; font-family:Courier New; float:left">7</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-family:Courier New">SOLE VOTING POWER</P>
<P style="margin:0px; font-family:Courier New; clear:left">NUMBER OF &nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; float:left">SHARES</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">2,000</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; clear:left; float:left">BENEFICIALLY</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">-----------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Courier New; clear:left; float:left">OWNED BY &nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">8</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">SHARED VOTING POWER</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; clear:left; float:left">EACH &nbsp;</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">0</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; clear:left; float:left">REPORTING </P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">-----------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:144px; font-family:Courier New; clear:left; float:left">PERSON</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">9</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">SOLE DISPOSITIVE POWER</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; clear:left; float:left">WITH</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">2,000</P>
<P style="margin:0px; padding-left:144px; text-indent:48px; font-family:Courier New; clear:left">-----------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:144px; width:192px; font-family:Courier New; float:left">10</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-family:Courier New">SHARED DISPOSITIVE POWER</P>
<P style="margin:0px; padding-left:144px; text-indent:48px; font-family:Courier New; clear:left">0</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">11</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">2,000</P>
<P style="margin:0px; font-family:Courier New">----------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">12</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">|_| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">13</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">0.06%</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Courier New; float:left">14 </P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">TYPE OF REPORTING PERSON*</P>
<P style="margin:0px; padding-left:48px; text-indent:48px; font-family:Courier New; clear:left">IN</P>
<P style="margin:0px; font-family:Courier New">-------------------------------------------------------------------------------</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Courier New" align=justify>The following constitutes to the Schedule 13D filed by the undersigned</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Courier New; float:left">Item 1.</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">Security and Issuer</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-family:Courier New" align=justify>This statement relates to the shares of the Eagle Capital Growth Fund Inc. &nbsp;The address of the issuer is 225 East Mason Street, Suite 802, Milwaukee, WI 53202.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Courier New; float:left">Item 2.</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">Identity and Background</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-family:Courier New">This statement is filed on behalf of Ancora Advisors LLC. &nbsp;Ancora Advisors LLC is registered as an investment advisor with the SEC under the Investment Advisors Act, as amended. Ancora Advisors LLC is the investment advisor to the Ancora Trust, which includes the Ancora Income Fund, Ancora Equity Fund, Ancora Special Opportunity Fund, Ancora/Thelen Small-Mid Cap Fund, and Ancora MicroCap Fund (Ancora Family of Mutual Funds), which are registered with the SEC as investment companies under the Investment Company Act, as amended. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Courier New">Ancora Advisors LLC has the power to dispose of the shares owned by the investment clients for which it acts as advisor, including Merlin Partners, the Ancora Merger Arbitrage Fund LP, and the Ancora Greater China Fund LP for which it is also the General Partner, and the Ancora Family of Mutual Funds. Ancora Advisors disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest therein. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Courier New" align=justify>During the last five years the Reporting Person has not been convicted in a criminal proceeding, nor been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Courier New; float:left">Item 3.</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">Source and Amount of Funds or Other Consideration</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Courier New" align=justify>Ancora Advisors owns no Shares directly but Ancora Advisors may be deemed to own (within the meaning of Rule 13(d)(3) of the Securities Exchange Act of 1934) Shares purchased for or transferred to the accounts of investment management clients. &nbsp;Ancora Advisors disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest therein.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Courier New" align=justify>Merlin Partners, Ancora Merger Arbitrage Fund LP, Ancora Greater China Fund LP, Ancora Family of Mutual Funds, Employees of Ancora Advisors LLC and Owners of Ancora Advisors LLC. have used available and uncommitted cash to purchase shares of the Issuer.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Courier New; float:left">Item 4.</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">Purpose of Transaction</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-family:Courier New">The shares of Common Stock covered by this Schedule 13D were acquired in recent months by Ancora Advisors, LLC for investment purposes in the ordinary course of business. &nbsp;The Reporting Persons reserve the right to take any and all actions that they may deem appropriate to maximize the value of their respective investment in the Issuer, including, among other things, purchasing or otherwise acquiring additional securities of the Issuer, selling or otherwise disposing of any securities of the Issuer beneficially owned by them, in each case in the open market or in privately negotiated transactions, or formulating other plans or proposals regarding the Issuer or its securities to the extent deemed advisable by the Reporting Persons in light of their respective general investment policies, market conditions, subsequent developments affecting the Issuer and the general business and future prospects of the Issuer. The Reporting Persons may take any other action with respect to the Issuer or any of the Issuer&#146;s debt or equity securities in any manner permitted by applicable law. &nbsp;Ancora Advisors, LLC may engage management and/or the board of directors to discuss potential options to remedy the significant discount to NAV at which the fund currently trades.</P>
<P style="margin:0px; font-family:Courier New">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Courier New; float:left">Item 5.</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">Interest in Securities of the Issuer</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-family:Courier New" align=justify>Set forth below, Ancora Advisors LLC, in the aggregate, are the number of Shares which may be deemed to be beneficially owned as of July 31, 2013 and the percentage of the Shares outstanding represented by such ownership (based on 3,125,124 shares outstanding as of June 30, 2013):</P>
<P style="margin:0px"><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=265.2 /><TD width=132 /><TD width=180 /></TR>
<TR><TD style="margin-top:0px" valign=top width=265.2><P style="margin:0px; font-family:Courier New; font-size:11pt"><B><U>Name</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=132><P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B><U>No. Of Shares</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=180><P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B><U>Percent of Class</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=265.2><P style="margin:0px; font-family:Courier New">Ancora Owners/Employees (1)</P>
</TD><TD style="margin-top:0px" valign=top width=132><P style="margin:0px; font-family:Courier New" align=center>60,794</P>
</TD><TD style="margin-top:0px" valign=top width=180><P style="margin:0px; font-family:Courier New" align=center>1.95%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=265.2><P style="margin:0px; font-family:Courier New">Ancora Funds &amp; Partnerships (2)</P>
</TD><TD style="margin-top:0px" valign=top width=132><P style="margin:0px; font-family:Courier New" align=center>93,000</P>
</TD><TD style="margin-top:0px" valign=top width=180><P style="margin:0px; font-family:Courier New" align=center>2.98%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=265.2><P style="margin:0px; font-family:Courier New">Ancora Advisors SMA (3)</P>
</TD><TD style="margin-top:0px" valign=top width=132><P style="margin:0px; font-family:Courier New" align=center><U>6,500</U></P>
</TD><TD style="margin-top:0px" valign=top width=180><P style="margin:0px; font-family:Courier New" align=center><U>0.21%</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=265.2><P style="margin:0px; font-family:Courier New; font-size:11pt"><B>Total</B></P>
</TD><TD style="margin-top:0px" valign=top width=132><P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>160,294</B></P>
</TD><TD style="margin-top:0px" valign=top width=180><P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>5.13%</B></P>
</TD></TR>
</TABLE>
<DIV style="width:576px"><P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px; font-family:Courier New,Times New Roman" align=justify>(1) These Shares are owned by the owners and employees of Ancora Advisors LLC including Mr. DiSanto. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px; font-family:Courier New,Times New Roman" align=justify>(2) These Shares are owned by the Ancora Family of Mutual Funds and/or Investment Partnerships, including Merlin Partners, the Ancora Merger Arbitrage Fund LP, and the Ancora Greater China Fund LP for which it is also the General Partner, of which Ancora Advisors acts as the discretionary portfolio manager.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px; font-family:Courier New,Times New Roman" align=justify>(3) These Shares are owned by investment clients of Ancora Advisors. Ancora Advisors does not own these shares directly, but by virtue of Ancora Advisors Investment Management Agreement with the investment clients of Ancora Advisors, each may be deemed to beneficially own Shares by reason of their power to dispose of such Shares. Ancora Advisors disclaims beneficial ownership of such Shares. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Courier New,Times New Roman; float:left">Item 6.</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px; font-family:Courier New,Times New Roman">Contracts, Arrangements, Understanding or Relationships with Respect to Securities of the Issuer.</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-family:Courier New,Times New Roman" align=justify>Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Courier New,Times New Roman; float:left">Item 7.</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New,Times New Roman">Material to be Filed as Exhibits</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:96px; font-family:Courier New,Times New Roman">Exhibit A: &#147;Relevant Transactions in Shares&#148; in the past 60 days.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=82.667 /><TD width=64 /><TD width=81.133 /><TD width=70.067 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=82.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=64><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=81.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=70.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border:1px solid #000000" valign=bottom width=82.667><P style="margin:0px; font-family:Arial" align=center><U>Date</U></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial" align=center><U>Buy/Sell</U></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=center><U>Quantity</U></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center><U>Price</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>6/5/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>2,318</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.4698</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>6/13/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>501</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.7863</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>6/21/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>712</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.57</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>6/25/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>3,288</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.5686</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>7/1/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>5,150</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.6945</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>7/3/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>950</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.5196</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>7/5/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>200</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.72</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>7/17/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>700</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.8299</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>7/18/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>1,000</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.83</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>7/23/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>200</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.895</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>7/26/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>1,200</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.82</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>7/30/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>200</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.7676</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=82.667><P style="margin:0px; font-family:Arial" align=right>7/31/13</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=64><P style="margin:0px; font-family:Arial">Buy</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>13,400</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.067><P style="margin:0px; font-family:Arial" align=center>7.7171</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=82.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=64><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=81.133><P style="margin:0px; font-family:Arial" align=right>29,819</P>
</TD><TD style="margin-top:0px" valign=bottom width=70.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
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<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Courier New" align=justify>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.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:Courier New; float:left">Dated:</P>
<P style="margin-top:0px; margin-bottom:-2px; width:192px; font-family:Courier New; float:left">August 1, 2013 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">ANCORA ADVISORS, LLC</P>
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<P style="margin:0px; padding-left:288px; font-family:Courier New">By: <U>/s/ Frederick DiSanto</U></P>
<P style="margin:0px; padding-left:288px; font-family:Courier New">&nbsp;&nbsp;&nbsp;&nbsp;Frederick DiSanto</P>
<P style="margin-top:0px; margin-bottom:-2px; width:288px; font-family:Courier New; float:left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px; text-indent:-2px; font-family:Courier New">&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer</P>
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