SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
4/14/2010
1. NAME OF REPORTING PERSON
Bulldog Investors, Phillip Goldstein and Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
1,396,647
8. SHARED VOTING POWER
621,739
9. SOLE DISPOSITIVE POWER
2,018,386
_______________________________________________________
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
2,018,386
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
6.38%
14. TYPE OF REPORTING PERSON
IA
_______________________________________________________
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock
of Navios Maritime Acquisition Corporation.("NNA" or the "Issuer").
The principal executive offices of NNA are located at
85 Akti Miaouli Street
Piraeus, Greece 185 38
Item 2. IDENTITY AND BACKGROUND
This statement is filed on behalf of Bulldog Investors, Phillip Goldstein,
60 Heritage Drive Pleasantville, NY 10570 a principal of Bulldog Investors
and Andrew Dakos, Park 80 West,Saddle Brook, NJ 07663, also a principal
of Bulldog Investors. Mr.Goldstein and Mr. Dakos are self-employed
investment advisors.
On January 31, 2007 the Acting Director of the Securities Division of the
Massachusetts Secretary of State (the Securities Division) filed a complaint
against Bulldog Investors, Messrs. Goldstein, Samuels, Dakos and Das and
certain related parties (the Bulldog Parties) alleging that they violated
Massachusetts law by making information about certain unregistered investments
available on their website and by sending material about such investments to
an individual who requested it. On October 17, 2007 the Secretary issued a
cease and desist order based on the same allegations and ordered that a fine
be imposed on the Bulldog Parties of $25,000. On November 15, 2007 the
Bulldog Parties filed an appeal of the Secretary's October 17, 2007 order in
the Massachusetts Superior Court. On February 12, 2009, the Massachusetts
Superior Court upheld the Secretary's October 17, 2007 order. The Bulldog
Parties further appealed the ruling of the Massachusetts Superior Court to
Massachusetts Appeals Court. On October 21, 2009 the Massachusetts Supreme
Judicial Court, the state's highest court, unilaterally transferred the case
from the Massachusetts Appeals Court to the Supreme Judicial Court, which
will decide the appeal.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of managed
accounts.
ITEM 4. PURPOSE OF TRANSACTION
The filing persons have entered into an agreement with a third party whereby
they have (1) granted the party an option to purchase their shares,
(2) unless and until the option is exercised, agreed to vote their shares
against any transaction proposed by the issuer and to convert their shares
to cash, and (3) in the event the option is exercised, agreed to vote their
shares as directed by the party or its assignee.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As per the Form 20-F filed on April 15,2009 there were 31,625,000 shares
of common stock outstanding as of 04/10/09 The percentage set forth in item 5
was derived using such number. Bulldog Investors, Phillip Goldstein and
Andrew Dakos beneficially own an aggregate of 2,018,386 shares of NNA or
6.38% of the outstanding shares.Power to dispose of and vote securities
resides either with Mr. Goldstein, Mr. Dakos or with clients.
c) During the past 60 days the following shares of NNA were purchased:
Date: Shares: Price:
03/22/10 650,000 $9.85
04/09/10 60,848 $9.87
d) Beneficiaries of managed accounts are entitled to receive any
dividends or sales proceeds.
e) NA
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
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: 04/21/2010
By: /s/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos