Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 51869-51870 [E8-20550]
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Federal Register / Vol. 73, No. 173 / Friday, September 5, 2008 / Notices
providers include a request that the
recipient send the source information to
the beneficial shareholder if the
recipient is other than the beneficial
shareholder of the stock to which the
notice relates.
5. Another concern underlying
section 19(b) and rule 19b–1 is that
frequent long-term capital gains
distributions could facilitate improper
distribution practices, including, in
particular, the practice of urging an
investor to purchase fund shares on the
basis of an upcoming dividend (‘‘selling
the dividend’’) where the dividend
results in an immediate corresponding
reduction in net asset value and would
be, in effect, a return of the investor’s
capital. Applicants state that the
‘‘selling the dividend’’ concern is not
applicable to Auction Market Preferred
Stock, which entitles a holder to a
specified periodic dividend and no
more, and like a debt security, is
initially sold at a price based on its
liquidation preference, credit quality,
dividend rate and frequency of
payment.
6. Applicants state that another
concern leading to the adoption of
section 19 and rule 19b–1, an increase
in administrative costs, is not present
because the Funds will make the same
number of distributions with respect to
their Auction Market Preferred Stock
regardless of whether the
characterization of such distributions is
income or long-term capital gains.
7. Section 6(c) of the Act provides that
the Commission may exempt any
person, security, or transaction or class
or classes of any persons, securities, or
transactions from any provision of the
Act, if and to the extent that the
exemption is necessary or appropriate
in the public interest and consistent
with the protection of investors and the
purposes fairly intended by the policy
and provisions of the Act. For the
reasons stated above, applicants believe
that the requested relief satisfies this
standard.
mstockstill on PROD1PC66 with NOTICES
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–20615 Filed 9–4–08; 8:45 am]
BILLING CODE 8010–01–P
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–28371]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
August 29, 2008.
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of August,
2008. A copy of each application may be
obtained for a fee at the Commission’s
Public Reference Room, 100 F Street,
NE., Washington, DC 20549–1520 (tel.
202–551–5850). An order granting each
application will be issued unless the
SEC orders a hearing. Interested persons
may request a hearing on any
application by writing to the SEC’s
Secretary at the address below and
serving the relevant applicant with a
copy of the request, personally or by
mail. Hearing requests should be
received by the SEC by 5:30 p.m. on
September 23, 2008, and should be
accompanied by proof of service on the
applicant, in the form of an affidavit or,
for lawyers, a certificate of service.
Hearing requests should state the nature
of the writer’s interest, the reason for the
request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
writing to the Secretary, U.S. Securities
and Exchange Commission, 100 F
Street, NE., Washington, DC 20549–
1090.
For Further Information Contact:
Diane L. Titus at (202) 551–6810, SEC,
Division of Investment Management,
Office of Investment Company
Regulation, 100 F Street, NE.,
Washington, DC 20549–4041.
Credit Suisse Japan Equity Fund, Inc.
[File No. 811–7371]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On April 22,
2008, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $48,327
incurred in connection with the
liquidation were paid by Credit Suisse
Asset Management, LLC, applicant’s
investment adviser. Applicant has
retained $41,722 in cash for the
payment of outstanding expenses.
Filing Date: The application was filed
on July 24, 2008.
Applicant’s Address: c/o Credit
Suisse Asset Management, LLC, Eleven
Madison Ave., New York, NY 10010.
PO 00000
Frm 00088
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51869
AIM Select Real Estate Income Fund
[File No. 811–21048]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On March 12,
2007, applicant transferred its assets to
a corresponding series of AIM
Counselor Series Trust, based on net
asset value. Expenses of $502,800
incurred in connection with the
reorganization were paid by applicant.
Filing Date: The application was filed
on August 8, 2008.
Applicant’s Address: 11 Greenway
Plaza, Suite 100, Houston, TX 77046–
1173.
SEI Opportunity Master Fund, L.P. [File
No. 811–21352]
Summary: Applicant, a closed-end
investment company and a master fund
in a master-feeder structure, seeks an
order declaring that it has ceased to be
an investment company. On July 23,
2008, applicant made a final liquidating
distribution to its three feeder funds,
based on net asset value. Expenses of
$3,250 incurred in connection with the
liquidation were paid by applicant.
Filing Date: The application was filed
on August 8, 2008.
Applicant’s Address: One Freedom
Valley Dr., Oaks, PA 19456.
CGM Capital Development Fund [File
No. 811–933]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On June 27, 2008,
applicant transferred its assets to CGM
Focus Fund, a series of CGM Trust,
based on net asset value. Expenses of
$335,000 incurred in connection with
the reorganization were paid by Capital
Growth Management Limited
Partnership, applicant’s investment
adviser.
Filing Date: The application was filed
on August 11, 2008.
Applicant’s Address: One
International Place, Boston, MA 02110.
AllianceBernstein International
Research Growth Fund, Inc. [File No.
811–8527]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On July 25, 2008,
applicant transferred its assets to
AllianceBernstein International Growth
Fund, Inc., based on net asset value.
Expenses of $269,000 incurred in
connection with the reorganization were
paid by applicant.
Filing Date: The application was filed
on August 11, 2008.
Applicant’s Address: 1345 Avenue of
the Americas, New York, NY 10105.
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51870
Federal Register / Vol. 73, No. 173 / Friday, September 5, 2008 / Notices
UBS Health Sciences Fund, L.L.C. [File
No. 811–9985]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On June 19, 2008,
applicant made a final liquidating
distribution to its shareholders, based
on net asset value. Expenses of $11,045
incurred in connection with the
liquidation were paid by applicant.
Filing Dates: The application was
filed on June 30, 2008 and amended on
August 15, 2008.
Applicant’s Address: c/o UBS
Financial Services, Inc., 51 West 52nd
St., New York, NY 10019.
mstockstill on PROD1PC66 with NOTICES
IQ Tax Advantaged Dividend Income
Fund Inc. [File No. 811–21555]; S&P
500 GEAREDSM Fund V Inc. [File No.
811–21692]; NASDAQ–100 GEAREDSM
Fund Inc. [File No. 811–21693]; S&P
500 GEAREDSM Fund II Inc. [File No.
811–21794]
Summary: Each applicant, a closedend investment company, seeks an
order declaring that it has ceased to be
an investment company. Applicants
have never made a public offering of
their securities and do not propose to
make a public offering or engage in
business of any kind.
Filing Date: The applications were
filed on July 24, 2008.
Applicants’ Address: 2 World
Financial Center, 7th Floor, 225 Liberty
St., New York, NY 10281.
Eaton Vance Prime Rate Reserves [File
No. 811–5808]; EV Classic Senior
Floating-Rate Fund [File No. 811–7946];
Eaton Vance Advisers Senior FloatingRate Fund [File No. 811–8671]; Eaton
Vance Institutional Senior FloatingRate Fund [File No. 811–9249]
Summary: Each applicant, a closedend investment company, seeks an
order declaring that it has ceased to be
an investment company. On March 14,
2008, each applicant transferred its
assets to Eaton Vance Floating-Rate
Advantage Fund, a series of Eaton
Vance Mutual Funds Trust, based on net
asset value. Expenses of $240,232,
$238,662, $88,464 and $30,397,
respectively, incurred in connection
with the reorganizations were paid by
applicants.
Filing Date: The applications were
filed on July 23, 2008.
Applicants’ Address: The Eaton
Vance Building, 255 State St., Boston,
MA 02109.
Sage Life Investment Trust [File No.
811–8623]
Summary: Applicant seeks an order
declaring that it has ceased to be an
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investment company. On May 29, 2003,
Applicant’s board of directors approved
Applicant’s liquidation. On May 30,
2003, Applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of
$35,050.15 incurred in connection with
the liquidation were paid by Applicant
and its investment advisor, Sage
Advisors, Inc. Applicant has no assets
or liabilities and is not now engaged, or
intending to engage, in any business
activities other than those necessary for
winding up its affairs.
Filing Dates: The application was
filed on December 24, 2003, and
amended on June 24, 2008.
Applicant’s Address: 175 King Street,
Armonk, New York, 10504.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–20550 Filed 9–4–08; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of Continental Beverage
and Nutrition, Inc.; Order of
Suspension of Trading
September 3, 2008.
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–58436; File No. SR–DTC–
2008–11]
Self-Regulatory Organizations; The
Depository Trust Company; Notice of
Filing of a Proposed Rule Change To
Implement a New Service to Allow
Issuers To Track and Limit the Number
of Beneficial Owners for an Individual
CUSIP
August 27, 2008.
Pursuant to section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 notice is hereby given that on
August 6, 2008, The Depository Trust
Company (‘‘DTC’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared primarily by DTC. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The purpose of the rule change is to
implement a new service that will allow
issuers, either themselves or through an
issuer-designated administrator, to track
and limit the number of beneficial
owners for an individual CUSIP. This
service would be called the Security
Holder Tracking Service (‘‘SH Tracking
Service’’).
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Continental
Beverage and Nutrition, Inc.
(‘‘Continental’’) because it has not filed
any periodic reports since it filed a
Form 10–QSB for the period ended
November 30, 2006.
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of Continental.
Therefore, it is ordered, pursuant to
Section 12(k) of the Securities Exchange
Act of 1934, that trading in the
securities of Continental is suspended
for the period from 9:30 a.m. EDT on
September 3, 2008, through 11:59 p.m.
EDT on September 16, 2008.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
By the Commission.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–20707 Filed 9–3–08; 11:15 am]
A group of investment banks
requested that DTC assist them in
providing greater liquidity and access to
capital for securities of closely held
BILLING CODE 8010–01–P
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In its filing with the Commission,
DTC included statements concerning
the purpose of and basis for the
proposed rule change and discussed any
comments it received on the proposed
rule change. The text of these statements
may be examined at the places specified
in Item IV below. DTC has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Background
1 15
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U.S.C. 78s(b)(1).
05SEN1
]]>Agencies
[Federal Register Volume 73, Number 173 (Friday, September 5, 2008)]
[Notices]
[Pages 51869-51870]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-20550]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-28371]
Notice of Applications for Deregistration Under Section 8(f) of
the Investment Company Act of 1940
August 29, 2008.
The following is a notice of applications for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
August, 2008. A copy of each application may be obtained for a fee at
the Commission's Public Reference Room, 100 F Street, NE., Washington,
DC 20549-1520 (tel. 202-551-5850). An order granting each application
will be issued unless the SEC orders a hearing. Interested persons may
request a hearing on any application by writing to the SEC's Secretary
at the address below and serving the relevant applicant with a copy of
the request, personally or by mail. Hearing requests should be received
by the SEC by 5:30 p.m. on September 23, 2008, and should be
accompanied by proof of service on the applicant, in the form of an
affidavit or, for lawyers, a certificate of service. Hearing requests
should state the nature of the writer's interest, the reason for the
request, and the issues contested. Persons who wish to be notified of a
hearing may request notification by writing to the Secretary, U.S.
Securities and Exchange Commission, 100 F Street, NE., Washington, DC
20549-1090.
For Further Information Contact: Diane L. Titus at (202) 551-6810,
SEC, Division of Investment Management, Office of Investment Company
Regulation, 100 F Street, NE., Washington, DC 20549-4041.
Credit Suisse Japan Equity Fund, Inc. [File No. 811-7371]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On April 22, 2008, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of $48,327 incurred in connection with the liquidation were
paid by Credit Suisse Asset Management, LLC, applicant's investment
adviser. Applicant has retained $41,722 in cash for the payment of
outstanding expenses.
Filing Date: The application was filed on July 24, 2008.
Applicant's Address: c/o Credit Suisse Asset Management, LLC,
Eleven Madison Ave., New York, NY 10010.
AIM Select Real Estate Income Fund [File No. 811-21048]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On March 12,
2007, applicant transferred its assets to a corresponding series of AIM
Counselor Series Trust, based on net asset value. Expenses of $502,800
incurred in connection with the reorganization were paid by applicant.
Filing Date: The application was filed on August 8, 2008.
Applicant's Address: 11 Greenway Plaza, Suite 100, Houston, TX
77046-1173.
SEI Opportunity Master Fund, L.P. [File No. 811-21352]
Summary: Applicant, a closed-end investment company and a master
fund in a master-feeder structure, seeks an order declaring that it has
ceased to be an investment company. On July 23, 2008, applicant made a
final liquidating distribution to its three feeder funds, based on net
asset value. Expenses of $3,250 incurred in connection with the
liquidation were paid by applicant.
Filing Date: The application was filed on August 8, 2008.
Applicant's Address: One Freedom Valley Dr., Oaks, PA 19456.
CGM Capital Development Fund [File No. 811-933]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On June 27, 2008, applicant transferred its
assets to CGM Focus Fund, a series of CGM Trust, based on net asset
value. Expenses of $335,000 incurred in connection with the
reorganization were paid by Capital Growth Management Limited
Partnership, applicant's investment adviser.
Filing Date: The application was filed on August 11, 2008.
Applicant's Address: One International Place, Boston, MA 02110.
AllianceBernstein International Research Growth Fund, Inc. [File No.
811-8527]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On July 25, 2008, applicant transferred its
assets to AllianceBernstein International Growth Fund, Inc., based on
net asset value. Expenses of $269,000 incurred in connection with the
reorganization were paid by applicant.
Filing Date: The application was filed on August 11, 2008.
Applicant's Address: 1345 Avenue of the Americas, New York, NY
10105.
[[Page 51870]]
UBS Health Sciences Fund, L.L.C. [File No. 811-9985]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On June 19,
2008, applicant made a final liquidating distribution to its
shareholders, based on net asset value. Expenses of $11,045 incurred in
connection with the liquidation were paid by applicant.
Filing Dates: The application was filed on June 30, 2008 and
amended on August 15, 2008.
Applicant's Address: c/o UBS Financial Services, Inc., 51 West 52nd
St., New York, NY 10019.
IQ Tax Advantaged Dividend Income Fund Inc. [File No. 811-21555]; S&P
500 GEAREDSM Fund V Inc. [File No. 811-21692]; NASDAQ-100 GEAREDSM Fund
Inc. [File No. 811-21693]; S&P 500 GEAREDSM Fund II Inc. [File No. 811-
21794]
Summary: Each applicant, a closed-end investment company, seeks an
order declaring that it has ceased to be an investment company.
Applicants have never made a public offering of their securities and do
not propose to make a public offering or engage in business of any
kind.
Filing Date: The applications were filed on July 24, 2008.
Applicants' Address: 2 World Financial Center, 7th Floor, 225
Liberty St., New York, NY 10281.
Eaton Vance Prime Rate Reserves [File No. 811-5808]; EV Classic Senior
Floating-Rate Fund [File No. 811-7946]; Eaton Vance Advisers Senior
Floating-Rate Fund [File No. 811-8671]; Eaton Vance Institutional
Senior Floating-Rate Fund [File No. 811-9249]
Summary: Each applicant, a closed-end investment company, seeks an
order declaring that it has ceased to be an investment company. On
March 14, 2008, each applicant transferred its assets to Eaton Vance
Floating-Rate Advantage Fund, a series of Eaton Vance Mutual Funds
Trust, based on net asset value. Expenses of $240,232, $238,662,
$88,464 and $30,397, respectively, incurred in connection with the
reorganizations were paid by applicants.
Filing Date: The applications were filed on July 23, 2008.
Applicants' Address: The Eaton Vance Building, 255 State St.,
Boston, MA 02109.
Sage Life Investment Trust [File No. 811-8623]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On May 29, 2003, Applicant's board of
directors approved Applicant's liquidation. On May 30, 2003, Applicant
made a liquidating distribution to its shareholders, based on net asset
value. Expenses of $35,050.15 incurred in connection with the
liquidation were paid by Applicant and its investment advisor, Sage
Advisors, Inc. Applicant has no assets or liabilities and is not now
engaged, orintending to engage, in any business activities other than
those necessary for winding up its affairs.
Filing Dates: The application was filed on December 24, 2003, and
amended on June 24, 2008.
Applicant's Address: 175 King Street, Armonk, New York, 10504.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-20550 Filed 9-4-08; 8:45 am]
BILLING CODE 8010-01-P
