UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
Foxby Corp.
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(Name of Issuer)
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Common Stock
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(Title of Class of Securities)
351645106
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(CUSIP Number)
Gregg T. Abella
Investment Partners Asset Management, Inc.
1 Highland Avenue
Metuchen, New Jersey 08840
732-205-0391
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
April 22, 2008
(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
*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 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 351645106
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Investment Partners Asset Management, Inc.
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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 ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Investment Partners Asset Management, Inc. is organized under the
laws of Delaware.
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7 SOLE VOTING POWER
68,873
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 68,873
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10 SHARED DISPOSITIVE POWER
177,629
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
246,502
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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)
9.44%
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14 TYPE OF REPORTING PERSON
IA
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Item 1. Security and Issuer
Foxby Corp. is located at 11 Hanover Square, NY, NY 10005.
Item 2. Identity and Background
(a) Investment Partners Asset Management, Inc. is a corporation formed in
the State of Delaware.
(b) The principal place of business of the reporting person is 1 Highland
Avenue, Metuchen, NJ 08840.
(c) Investment Advisor
(d) None
(e) None
(f) Delaware
Item 3. Source and Amount of Funds or Other Consideration
Client assets.
Item 4. Purpose of Transaction
The purpose of the acquisition is investment. The reporting person may from
time to time recommend actions to the issuer's board of directors or management
for the purpose of increasing the market value of the issuer's shares generally.
A proposal dated April 22, 2008 for inclusion in the issuer's proxy statement
from a client for whom the reporting person has sole dispositive power and sole
voting power is attached as an exhibit hereto.
Item 5. Interest in Securities of the Issuer
a) The reporting person believes that the number of shares of the issuer that
are outstanding is 2,610,049 as of March 5, 2008. As of April 28, 2008, the
reporting person may have been deemed the beneficial owner of 246,502
shares, or approximately 9.44% of the total number of shares outstanding.
b) The reporting person has sole power to vote and sole dispositive power for
68,873 shares, or approximately 2.64% of the total number of shares
outstanding, held by one of its clients, the Remington Value & Special
Situation Fund, LLC.
The reporting person has shared voting power for no shares and shared
dispositive power for 177,629 shares, approximately 6.81% of the total number of
shares outstanding.
c) Clients of the reporting person have not purchased nor sold any shares of
the issuer within the past 60 days.
d) Clients of the Reporting Person are entitled to receive all dividends,
distributions and proceeds of sale.
e) Not Applicable
Item 6. Contracts, Arrangements, Understandings, or Relationships with
Respect to Securities of the Issuer
None
Item 7. Material to be Filed as Exhibits
Letter
SIGNATURES
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.
Date: April 28, 2008
Investment Partners Asset Management, Inc.
By: /s/ Gregg T. Abella
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Name: Gregg T. Abella
Title: Officer