OMB
APPROVAL
|
OMB
Number: 3235-0145
|
Expires: February
28, 2009
|
Estimated
average burden
Hours
per
response 14.5
|
----------------------------------------------------------
|
||||
CUSIP
No. 72388R101
|
||||
----------------------------------------------------------
|
||||
-------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
1
|
Names
of Reporting Persons
|
|||
I.R.S.
Identification Nos. of above persons (entities
only)
|
||||
Bulldog
Investors General Partnership
|
||||
56-2585535
|
||||
-------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
2
|
Check
the Appropriate Box if a Member of a Group (See
Instructions)
|
|||
(a) [ ]
|
||||
(b) [
X ]
|
||||
------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
3
|
SEC
Use Only
|
|||
------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
4
|
Source
of Funds (See Instructions)
|
|||
WC
|
||||
------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
5
|
Check
if Disclosure of legal Proceedings is Required Pursuant to Items
2(d) or
2(e) [ ]
|
|||
------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
6
|
Citizenship
or Place of Organization
|
|||
New
York
|
||||
------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
Number
of
|
7
|
Sole
Voting
Power 2,368,652
|
||
------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
Shares
|
||||
Beneficially
|
8
|
Shared
Voting
Power
0
|
||
------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
Owned
by
|
||||
Each
|
9
|
Sole
Dispositive
Power
2,368,652
|
||
------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
Reporting
|
||||
Person
With:
|
10
|
Shared
Dispositive
Power 0
|
||
------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
11
|
Aggregate
Amount Beneficially Owned by Each Reporting
Person
|
|||
2,368,652
|
||||
-----------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
12
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
|
|||
-----------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
13
|
Percent
of Class Represented by Amount in Row (11)
|
|||
8.3%
|
||||
-----------------------------------------------------------------------------------------------------------------------------------------------------------
|
||||
14
|
Type
of Reporting Person (See Instructions)
|
|||
PN
|
||||
-----------------------------------------------------------------------------------------------------------------------------------------------------------
|
This
Amendment No. 2 amends the Schedule 13D filed September 7, 2007
(the
“Schedule 13D”), as amended by Amendment No. 1 filed October 30, 2007, and
is filed by Bulldog Investors General Partnership (the “Reporting
Person”), with respect to the Common Stock of PBF. Capitalized
terms used herein but not defined herein shall have the meanings
attributed to them in the Schedule 13D.
|
|
Item
4. Purpose
of Transaction
|
|
Item
4 of the Schedule 13D is supplemented as follows:
On
October 30, 2007, the Reporting Person commenced a tender offer
(the
"Tender Offer") to purchase up to 1,500,000 shares of Common Stock
of PBF
from each of the shareholders of PBF upon the terms and subject
to the
conditions set forth in the Offer to Purchase, dated October 30,
2007, and
in the related Letter of Transmittal, as each may be supplemented
or
amended from time to time (see the Schedule TO and Exhibits thereto
filed
by the Reporting Person on October 31, 2007).
|
|
Item
7. Material
to be Filed as Exhibits
|
|
Exhibit
No.
1.
|
Description
Press
Release, issued October 30, 2007, announcing the commencement of
the Tender Offer.
|
DATE: November
6, 2007
|
|
BULLDOG
INVESTORS GENERAL PARTNERSHIP
|
|
By: KIMBALL
& WINTHROP, INC., general partner
|
|
By:
/s/ Phillip Goldstein
|
|
Name:
Phillip Goldstein
|
|
Title:
President
|
|