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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment |_|: Amendment Number:
This Amendment (Check only one.):
|_| is a restatement.
|_| adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Schafer Cullen Capital Management, Inc.
Address: 645 Fifth Ave., New York, New York 10022
Form 13F File Number: 28-4310
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person signing the
report is authorized to submit it, that all information contained herein
is true, correct and complete, and that it is understood that all required
items, statements, schedules, lists, and tables, are considered integral
parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Brendan J. Spillane
Title: Treasurer
Phone: (212) 644-1800
Signature, Place, and Date of Signing:
/s/ Brendan J. Spillane
- -----------------------
New York, New York
September 7, 1999
Report Type (Check only one.):
|X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
|_| 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
|_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
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<CAPTION>
SCHAFER CULLEN CAPITAL MANAGEMENT, INC.
FORM 13F
JUNE 30, 1999
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT&T COM 001957109 232 4155 SH SOLE 4155
Aegon N.V. ADR COM 007924103 5436 73519 SH SOLE 73519
Aetna COM 008117103 277 3100 SH SOLE 3100
Allstate COM 020002101 8760 244178 SH SOLE 244178
American Express COM 025816109 534 4102 SH SOLE 4102
American Genl Corp. COM 026351106 632 8382 SH SOLE 8382
American Greetings COM 026375105 769 25520 SH SOLE 25520
Ameritech COM 030954101 323 4400 SH SOLE 4400
Archer Daniels COM 039483102 6415 415556 SH SOLE 415556
Armstrong World COM 042476101 9606 166157 SH SOLE 166157
Arrow Electronics COM 042735100 224 11770 SH SOLE 11770
Asia Pulp & Paper COM 04516V100 142 14760 SH SOLE 14760
Atlantic Richfield COM 048825103 918 10988 SH SOLE 10988
Avnet Inc COM 053807103 6796 146144 SH SOLE 146144
BEC Energy COM 05538M101 740 17950 SH SOLE 17950
BP Amoco PLC COM 055622104 6591 60744 SH SOLE 60744
Banc One Corp COM 06423A103 734 12322 SH SOLE 12322
Bancfirst Corp COM 05945F103 205 6000 SH SOLE 6000
Banctec Inc. COM 059784108 296 16500 SH SOLE 16500
Bank United COM 065412108 253 6300 SH SOLE 6300
Bank of America COM 060505104 957 13049 SH SOLE 13049
Bank of New York COM 064057102 774 21100 SH SOLE 21100
BankBoston Corp. COM 06605R106 3383 66172 SH SOLE 66172
Baxter Intn'l COM 071813109 337 5560 SH SOLE 5560
Bell Atlantic Corp COM 077853109 255 3908 SH SOLE 3908
Bellsouth Corp COM 079860102 1330 28833 SH SOLE 28833
Benchmark Electronics COM 08160H101 252 7000 SH SOLE 7000
Berkley (W.R.) COM 084423102 803 32105 SH SOLE 32105
Boeing Co COM 097023105 932 21180 SH SOLE 21180
Borg Warner Auto COM 099724106 12795 232629 SH SOLE 232629
Bristol Meyers COM 110122108 704 10000 SH SOLE 10000
British Airways COM 110419306 622 8700 SH SOLE 8700
Burlington Nth'n COM 12189T104 1860 59985 SH SOLE 59985
CMS Energy Cl G COM 125896209 721 30660 SH SOLE 30660
CSX Corp COM 126408103 622 13704 SH SOLE 13704
Cadbury Schwepps COM 127209302 935 35112 SH SOLE 35112
Cadence Design COM 127387108 6004 475560 SH SOLE 475560
Canadian National COM 136375102 15671 233895 SH SOLE 233895
Canadian Pacific Ltd COM 135923100 428 17990 SH SOLE 17990
Carpenter Tech COM 144285103 915 32043 SH SOLE 32043
Chase Manhattan COM 16161A108 10778 124601 SH SOLE 124601
Chubb Corp COM 171232101 2127 30604 SH SOLE 30604
Citigroup, Inc. COM 172967101 379 7984 SH SOLE 7984
Cleveland-Cliffs COM 185896107 1428 44102 SH SOLE 44102
Compaq Computer COM 204493100 269 11350 SH SOLE 11350
Complete Business Solutions COM 20452F107 248 13800 SH SOLE 13800
Corn Products COM 219023108 228 7500 SH SOLE 7500
Cummins Engine Inc COM 231021106 6553 114718 SH SOLE 114718
Cyprus Amax COM 232809103 587 38461 SH SOLE 38461
DaimlerChrysler COM D1668R123 2120 23822 SH SOLE 23822
Dayton Superior COM 240028100 371 20000 SH SOLE 20000
DeBeers Cons Mines COM 240253302 3520 147420 SH SOLE 147420
Delphi Automotive COM 247126105 1766 95486 SH SOLE 95486
Diamond Offshore COM 25271C102 10361 365160 SH SOLE 365160
Diebold Inc. COM 253651103 903 31400 SH SOLE 31400
DuPont de Nemours COM 263534109 337 4940 SH SOLE 4940
ECI Telecom Ltd. COM 268258100 7918 238570 SH SOLE 238570
Eastman Kodak COM 277461109 415 6120 SH SOLE 6120
Exxon Corp. COM 302290101 789 10236 SH SOLE 10236
FDX Corp COM 31304N107 7231 133298 SH SOLE 133298
</TABLE>
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<TABLE>
<CAPTION>
SCHAFER CULLEN CAPITAL MANAGEMENT, INC.
FORM 13F
JUNE 30, 1999
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
First Union Corp COM 337358105 3272 69425 SH SOLE 69425
First VA Banks Inc COM 337477103 368 7500 SH SOLE 7500
Fleet Financial Group COM 338915101 449 10120 SH SOLE 10120
Flow International COM 343468104 120 11078 SH SOLE 11078
Ford Motor Co. COM 345370100 2322 41136 SH SOLE 41136
Fortune Brands COM 349631101 221 5350 SH SOLE 5350
GTE Corp COM 362320103 3179 42111 SH SOLE 42111
Gallaher Group ADS COM 363595109 1253 51290 SH SOLE 51290
General Electric COM 369604103 440 3895 SH SOLE 3895
General Motors COM 370442105 9517 144199 SH SOLE 144199
Georgia Pacific Crp COM 373298108 222 4680 SH SOLE 4680
Glaxo COM 37733W105 213 3770 SH SOLE 3770
Goodyr Tire & Rub COM 382550101 4097 69664 SH SOLE 69664
HJ Heinz CO COM 423074103 770 15360 SH SOLE 15360
Halliburton Company COM 406216101 224 4960 SH SOLE 4960
Harman Int'l COM 413086109 3748 85190 SH SOLE 85190
Hartford Financial COM 416515104 398 6830 SH SOLE 6830
Hellenic Telecomm. COM 423325307 1267 114530 SH SOLE 114530
Hewlett Packard COM 428236103 401 3990 SH SOLE 3990
IBM COM 459200101 707 5470 SH SOLE 5470
ICN Pharmaceutical COM 448924100 10164 315790 SH SOLE 315790
Innkeepers USA COM 4576J0104 243 24300 SH SOLE 24300
Iowa Beef Products COM 449223106 9487 399435 SH SOLE 399435
Jo Ann Stores Inc. Cl B COM 47758P208 177 13600 SH SOLE 13600
Key Corp COM 493267108 4031 125494 SH SOLE 125494
Kimberly Clark COM 494368103 272 4768 SH SOLE 4768
Klm Royal Dutch COM 482516101 10471 366609 SH SOLE 366609
LaSalle Re Holdings COM G5383Q101 2132 125424 SH SOLE 125424
Lafarge Corp. COM 505862102 13858 391055 SH SOLE 391055
Lockheed Martin COM 539830109 691 18540 SH SOLE 18540
Mack-Cali Realty Corp COM 554489104 1247 40316 SH SOLE 40316
May Dept. Stores COM 577778103 3787 92642 SH SOLE 92642
Maytag Corporation COM 578592107 1560 22350 SH SOLE 22350
Mellon Bank COM 585509102 11627 319632 SH SOLE 319632
Mercury Computer Systems Inc. COM 589378108 277 8600 SH SOLE 8600
Merrill Lynch & Co. COM 590188108 2364 29740 SH SOLE 29740
Metamor Worldwide Inc. COM 59133P100 361 15000 SH SOLE 15000
Midcoast Energy COM 59563W104 198 12250 SH SOLE 12250
Minn. Min. & Manuf. COM 604059105 528 6074 SH SOLE 6074
Mobil Corp COM 607059102 229 2316 SH SOLE 2316
Morgan JP & Co. COM 616880100 233 1658 SH SOLE 1658
Morgan Stanley,Dean Witter,Dis COM 617446448 392 3818 SH SOLE 3818
Mylan Laboratories COM 628530107 803 30290 SH SOLE 30290
Nat. Bank of Canada COM 633067103 7947 604780 SH SOLE 604780
National Power ADR COM 637194408 332 10790 SH SOLE 10790
New Holland COM N62648105 1025 59874 SH SOLE 59874
Nicor Inc. COM 654086107 202 5300 SH SOLE 5300
Northrop Grumman COM 666807102 6886 103840 SH SOLE 103840
Novartis AD COM 800057101 270 3700 SH SOLE 3700
Ocwen Financial Corp. COM 675746101 158 17800 SH SOLE 17800
Old Republic Int'l COM 680223104 7549 436051 SH SOLE 436051
Omnicare, Inc. COM 681904108 4899 388070 SH SOLE 388070
Orcad Inc. COM 685568107 228 18000 SH SOLE 18000
Owens Corning Inc. COM 69073F103 1343 39059 SH SOLE 39059
Owens Illinois COM 690768403 1886 57700 SH SOLE 57700
PNC Bank Corp COM 693475105 1779 30869 SH SOLE 30869
Paine Webber Group COM 695629105 18260 390586 SH SOLE 390586
Partner Re Ltd COM G6852T105 1527 40860 SH SOLE 40860
Pfizer Inc. COM 717081103 480 4400 SH SOLE 4400
Phelps Dodge Corp. COM 717265102 285 4600 SH SOLE 4600
</TABLE>
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<CAPTION>
SCHAFER CULLEN CAPITAL MANAGEMENT, INC.
FORM 13F
JUNE 30, 1999
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Philip Morris COM 718154107 621 15450 SH SOLE 15450
Philips Electronics COM 500472204 16615 164710 SH SOLE 164710
Phillips Petroleum COM 718507106 8322 165412 SH SOLE 165412
Progressive Corp. COM 743315103 797 5500 SH SOLE 5500
Public Svc Ent. Grp. COM 744573106 279 6840 SH SOLE 6840
Raytheon Cl A COM 755111309 12136 176208 SH SOLE 176208
Repsol COM 76026T205 13335 656491 SH SOLE 656491
Roslyn Bancorp. Inc. COM 778162107 266 15500 SH SOLE 15500
Royal Dutch Petrol COM 780257804 2322 38543 SH SOLE 38543
SBC Communications COM 78387G103 8224 141791 SH SOLE 141791
Scana Corp. COM 805898103 1684 72040 SH SOLE 72040
Seamed Corp COM 81218Q100 388 33000 SH SOLE 33000
Sears Roebuck & Co COM 812387108 1550 34790 SH SOLE 34790
Smart Modular Technologies COM 831690102 344 19800 SH SOLE 19800
Southdown Inc. COM 841297104 768 11950 SH SOLE 11950
Storage Technology COM 862111200 409 18000 SH SOLE 18000
StudentLoan Mkt COM 78442A109 414 9030 SH SOLE 9030
Summit Bancorp COM 866005101 7878 188405 SH SOLE 188405
Sun Communities COM 866674104 1490 41974 SH SOLE 41974
Sunoco Inc. COM 86764P109 1105 36590 SH SOLE 36590
Tele Danmark COM 879242105 896 34780 SH SOLE 34780
Texas Utilities COM 882848104 1405 33918 SH SOLE 33918
Trigen Energy Corp. COM 895930105 323 17000 SH SOLE 17000
UCAR Int'l Inc. COM 90262K109 808 32000 SH SOLE 32000
US West INC. COM 91273H101 1674 28490 SH SOLE 28490
Ultramar Diamond COM 904000106 3509 160853 SH SOLE 160853
Unilever NV COM 904784501 373 5354 SH SOLE 5354
Union Planters Corp COM 908068109 1736 38851 SH SOLE 38851
United Tech Corp COM 913017109 216 3000 SH SOLE 3000
Vodafone Group PLC COM 92857T107 202 1025 SH SOLE 1025
Wash Mutual COM 939322103 238 6800 SH SOLE 6800
Wells Fargo & Co COM 949746101 554 12960 SH SOLE 12960
Western Resources COM 959425109 1164 43730 SH SOLE 43730
YPF Sociedad COM 984245100 624 16430 SH SOLE 16430
Zenith Natl Insurance COM 989390109 264 10710 SH SOLE 10710
</TABLE>
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