UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
SIZELER PROPERTY INVESTORS, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
830137105
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(CUSIP Number)
December 31, 2004
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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. 830137105
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1. NAME OF REPORTING PERSONS Palisade Capital Management, L.L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 22-3330049
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* N/A
(a) |_|
(b) |_|
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey
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NUMBER OF 5. SOLE VOTING POWER
SHARES 957,000*
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY N/A
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 984,000*
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PERSON 8. SHARED DISPOSITIVE POWER
WITH N/A
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
984,000*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A |_|
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.43%
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12. TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
* The shares of the Issuer beneficially owned by the reporting person are
held on behalf of the reporting person's clients in accounts over which
the reporting person has complete investment discretion. No other person
has the right to receive or the power to direct the receipt of dividends
from, or the proceeds from, the sale of such shares. The principals of
Palisade Capital Management (L.L.C.) ("Palisade") and certain of their
family members beneficially own in the aggregate 31,872 additional shares.
Palisade does not beneficially own nor does it have voting or dispositive
power over any of such 31,872 shares. Palisade, its principals and such
family members disclaim any membership in a "group" for purposes of Rule
13d-5(b) of the Exchange Act.
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CUSIP No. 830137105
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1. NAME OF REPORTING PERSONS Martin L. Berman
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* N/A
(a) |_|
(b) |_|
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF 5. SOLE VOTING POWER
SHARES 17,054*
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 974,054*
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 17,054*
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PERSON 8. SHARED DISPOSITIVE POWER
WITH 984,000*
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
974,054*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A |_|
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.36%
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12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
* Martin L. Berman, individually beneficially owns 17,054 shares. Mr. Berman
has shared voting and dispositive power over such 17,054 shares held in
various accounts for himself and family members. Mr. Berman, as a
principal of Palisade, has shared voting and dispositive power over the
984,000 shares beneficially owned by Palisade, but disclaims beneficial
ownership of these shares pursuant to Rule 13d-4.
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CUSIP No. 830137105
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1. NAME OF REPORTING PERSONS Steven E. Berman
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* N/A
(a) |_|
(b) |_|
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF 5. SOLE VOTING POWER
SHARES 1,000*
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 958,000*
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,000*
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PERSON 8. SHARED DISPOSITIVE POWER
WITH 984,000*
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
958,000*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A |_|
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.24%
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12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
* Steven E. Berman, individually beneficially owns 1,000 shares. Mr. Berman
has sole voting and dispositive power over such 1,000 shares. Mr. Berman,
as a principal of Palisade, has shared voting and dispositive power over
the 984,000 shares beneficially owned by Palisade, but disclaims
beneficial ownership of these shares pursuant to Rule 13d-4.
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CUSIP No. 830137105
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1. NAME OF REPORTING PERSONS Jack Feiler
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* N/A
(a) |_|
(b) |_|
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF 5. SOLE VOTING POWER
SHARES 13,818*
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 970,818*
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 13,818*
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PERSON 8. SHARED DISPOSITIVE POWER
WITH 984,000*
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
970,818*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A |_|
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.33%
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12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
* Jack Feiler individually beneficially owns 13,818 shares. Mr. Feiler has
sole voting and dispositive power over such 13,818 shares held in various
accounts for himself and family members. Mr. Feiler, as a principal of
Palisade, has shared voting and dispositive power over the 984,000 shares
beneficially owned by Palisade, but disclaims beneficial ownership of
these shares pursuant to Rule 13d-4.
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Item 1.
(a) Name Of Issuer: SIZELER PROPERTY INVESTORS, INC.
(b) Address of Issuer's Principal Executive Offices: 2542 Williams Boulevard,
Kenner, LA 70062.
Item 2.
(a) Name of Person Filing: Palisade Capital Management, L.L.C.
(b) Address of Principal Business Office or, if none, Residence: One Bridge
Plaza, Suite 695, Fort Lee, NJ 07024
(c) Citizenship: New Jersey
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 830137105
Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Act (15 U.S.C.
78o);
(b) |_| Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
(c) |_| Insurance company as defined in Section 3(a)(19) of the Act (15
U.S.C. 78c);
(d) |_| Investment company registered under Section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8);
(e) |X| An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G);
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(h) |_| A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned: 957,000
(b) Percent of Class: 7.23%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 957,000
(ii) Shared power to vote or to direct the vote N/A
(iii) Sole power to dispose or to direct the disposition of 984,000
(iv) Shared power to dispose or to direct the disposition of N/A
Item 5. Ownership of Five Percent or Less of a Class.
N/A
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
The shares of the Issuer beneficially owned by the reporting person are
held on behalf of the reporting person's clients in accounts over which the
reporting person has complete investment discretion. No other person has the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such shares. No other person's interest relates to
more than five percent of the class. No client account contains more than five
percent of the class. The principals of Palisade and certain of their family
members beneficially own in the aggregate 31,872 additional shares. Palisade
does not beneficially own nor does it have voting or dispositive power over any
of such 31,872 shares. Palisade, its principals and such family members disclaim
any membership in a "group" for purposes of Rule 13d-5(b) of the Exchange Act.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
N/A
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Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification.
By signing below, I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
such securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect.
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.
February 10, 2005
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Date
Palisade Capital Management, LLC
By: /s/ Steven E. Berman
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Steven E. Berman, Member
/s/ Martin L. Berman
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Martin L. Berman
/s/ Steven E. Berman
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Steven E. Berman
/s/ Jack Feiler
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Jack Feiler
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
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