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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
The Brazil Fund, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
105759104
(CUSIP Number)
Barry M. Olliff
c/o City of London Investment Management Company Limited
10 Eastcheap, London EC3M ILX, England
+44 207 711 0771
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
August 31, 2005
(Date of Event Which Requires Filing of This Statement)
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(e), (f) or (g), check the following box / /.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
City of London Investment Group PLC, a company incorporated under
the laws of England and Wales.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |_|
(B) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(D) OR 2(E)
|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
England and Wales
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NUMBER OF 7 SOLE VOTING POWER
SHARES 984,400
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 984,400
------ -------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
984,400
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.06%
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14 TYPE OF REPORTING PERSON*
HC
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
City of London Investment Management Company Limited, a company
incorporated under the laws of England and Wales.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |_|
(B) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) OR 2(E)
|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
England and Wales
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NUMBER OF 7 SOLE VOTING POWER
SHARES 984,400
------ -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ------ -------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
984,400
PERSON ------ -------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
984,400
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.06%
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TYPE OF REPORTING PERSON*
14 IA
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This Amendment No. 1 to Schedule 13D (this "Amendment No. 1") should be read in
conjunction with the Schedule 13D filed with the U.S. Securities and Exchange
Commission (the "SEC") on August 5, 2005 (the "Original Schedule 13D") by City
of London Investment Group PLC ("City of London") and City of London Investment
Management Company Limited relating to the shares of common stock, par value
$0.01 per share (the "Shares"), of The Brazil Fund, Inc. (the "Fund"). This
Amendment No. 1 amends Item 5 of the Original Schedule 13D. All other
information in the Original Schedule 13D remains in effect. All capitalized
terms used herein and not otherwise defined shall have the meanings ascribed
thereto in the Original Schedule 13D.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
Items 5(a) and 5(b) below are hereby amended and restated in their
entirety and Item 5(c) is hereby amended as follows:
(a) and (b). As of the date hereof, EWF, FOCUS, FREE, GEM, GFM, IEM,
TDX, and Accounts owned directly 74,870, 25,000, 152,617, 261,256,
36,122, 210,375, 7,500, 216,660 Shares, respectively, representing
approximately 0.46%, 0.15%, 0.94%, 1.61%, 0.22%, 1.30%, 0.05%, 1.33%,
respectively, of the Shares outstanding (based on the most recent
Share information publicly disclosed by the Fund).
As of the date hereof, CLIG, through its control of CLIM, is the
beneficial owner of 984,400 Shares, representing approximately 6.06%
of the Shares outstanding (based on the most recent Share information
publicly disclosed by the Fund).
As of the date hereof, CLIM, through EWF, GEM, IEM, FREE, GFM, FOCUS
and the Accounts, is the beneficial owner 984,400 Shares, representing
approximately 6.06% of the Shares outstanding (based on the most
recent Share information publicly disclosed by the Fund).
(c). Except as described below, no transactions in the Shares were
effected by the Reporting Persons, or, to their knowledge, any of the
persons identified in Item 2, since the filing of the Schedule 13D.
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FUND TRADE TRANSACTION NUMBER OF TRADE
DATE PRICE SHARES PRICE
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IEM 8/31/2005 Purchase 5,600 41.2041
IEM 8/30/2005 Purchase 3,900 40.3546
Accounts 8/29/2005 Purchase 2,100 39.8736
IEM 8/29/2005 Purchase 14,700 39.8736
GFM 8/29/2005 Purchase 1,200 39.8736
TDX 8/26/2005 Purchase 3,000 39.4242
IEM 8/26/2005 Purchase 55,000 39.4242
GEM 8/26/2005 Purchase 10,800 39.4242
Accounts 8/26/2005 Purchase 22,000 39.4242
TDX 8/25/2005 Sale 500 41.2300
EWF 8/18/2005 Purchase 5,970 40.6821
GEM 8/18/2005 Purchase 13,930 40.6821
IEM 8/15/2005 Purchase 1,200 41.8388
IEM 8/12/2005 Purchase 21,075 40.3879
FREE 8/12/2005 Purchase 5,620 40.3879
Accounts 8/12/2005 Purchase 3,653 40.3879
GEM 8/12/2005 Purchase 16,860 40.3879
EWF 8/12/2005 Purchase 8,430 40.3879
GFM 8/12/2005 Purchase 562 40.3879
Accounts 8/11/2005 Purchase 4,100 41.7412
GEM 8/9/2005 Purchase 4,200 41.7619
GEM 8/8/2005 Purchase 3,500 41.3349
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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.
Dated: September 2, 2005
CITY OF LONDON INVESTMENT GROUP PLC
/s/ Barry M. Olliff
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Name: Barry M. Olliff
Title: Director
CITY OF LONDON INVESTMENT MANAGEMENT
COMPANY LIMITED
/s/ Barry M. Olliff
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Name: Barry M. Olliff
Title: Director