Sunshine Act Meeting, 35215 [E9-17234]
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Federal Register / Vol. 74, No. 137 / Monday, July 20, 2009 / Notices
erowe on DSK5CLS3C1PROD with NOTICES
information as may be reasonably
necessary to make an informed
determination of whether the Plan
should be continued or continued after
amendment;
(b) Will determine whether
continuation, or continuation after
amendment, of the Plan is consistent
with the Fund’s investment objective(s)
and policies and in the best interests of
the Fund and its shareholders, after
considering the information in
condition V.B.1(a) above; including,
without limitation:
(1) Whether the Plan is accomplishing
its purpose(s);
(2) The reasonably foreseeable
material effects of the Plan on the
Fund’s long-term total return in relation
to the market price and NAV of the
Fund’s common shares; and
(3) The Fund’s current distribution
rate, as described in condition V.B
above, compared with the Fund’s
average annual taxable income or total
return over the 2-year period, as
described in condition V.B, or such
longer period as the Board deems
appropriate; and
(c) Based upon that determination,
will approve or disapprove the
continuation, or continuation after
amendment, of the Plan; and
2. The Board will record the
information considered by it, including
its consideration of the factors listed in
condition V.B.1(b) above, and the basis
for its approval or disapproval of the
continuation, or continuation after
amendment, of the Plan in its meeting
minutes, which must be made and
preserved for a period of not less than
six years from the date of such meeting,
the first two years in an easily accessible
place.
VI. Public Offerings
A Fund will not make a public
offering of the Fund’s common shares
other than:
A. A rights offering below NAV to
holders of the Fund’s common shares;
B. An offering in connection with a
dividend reinvestment plan, merger,
consolidation, acquisition, spin-off or
reorganization of the Fund; or
C. An offering other than an offering
described in conditions VI.A and VI.B
above, provided that, with respect to
such other offering:
1. The Fund’s annualized distribution
rate for the six months ending on the
last day of the month ended
immediately prior to the most recent
distribution record date,5 expressed as a
5 If the Fund has been in operation fewer than six
months, the measured period will being
immediately following the Fund’s first public
offering.
VerDate Nov<24>2008
15:18 Jul 17, 2009
Jkt 217001
percentage of NAV per share as of such
date, is no more than 1 percentage point
greater than the Fund’s average annual
total return for the 5-year period ending
on such date; 6 and
2. The transmittal letter
accompanying any registration
statement filed with the Commission in
connection with such offering discloses
that the Fund has received an order
under section 19(b) to permit it to make
periodic distributions of long-term
capital gains with respect to its common
stock as frequently as twelve times each
year, and as frequently as distributions
are specified in accordance with the
terms of any outstanding preferred stock
as such Fund may issue.
VII. Amendments to Rule 19b–1
The requested relief will expire on the
effective date of any amendment to rule
19b–1 that provides relief permitting
certain closed-end investment
companies to make periodic
distributions of long-term capital gains
with respect to their outstanding
common stock as frequently as twelve
times each year.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–17140 Filed 7–17–09; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold an Open Meeting
on Wednesday, July 22, 2009 at 2 p.m.,
in the Auditorium, Room L–002.
The subject matter of the Open
Meeting will be:
The Commission will consider
whether to propose a rule to address
‘‘pay to play’’ practices by investment
advisers. The proposal is designed,
among other things, to prohibit advisers
from seeking to influence the award of
advisory contracts by public entities
through political contributions to or for
those officials who are in a position to
influence the awards.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact: The Office of the Secretary at
(202) 551–5400.
Dated: July 15, 2009.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9–17234 Filed 7–17–09; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–60295; File No. SR–CBOE–
2009–049]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Related to Market-Maker
Guidelines
July 13, 2009.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on July 9,
2009, the Chicago Board Options
Exchange, Incorporated (‘‘Exchange’’ or
‘‘CBOE’’) filed with the Securities and
Exchange Commission (the
‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the Exchange. The
Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change
pursuant to Section 19(b)(3)(A)(iii) of
the Act 3 and Rule 19b–4(f)(6)
thereunder.4 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 Exchange is proposing to amend
Rule 8.7, Obligations of Market-Makers,
to: (i) Eliminate the provision providing
for bids (offers) to be no more than $1
lower (higher) than the last preceding
transaction plus or minus the aggregate
change in the last sale price of the
underlying, and (ii) amend the
provision pertaining to trades that are
more than $0.25 below parity. The text
of the proposed rule change is available
on the Exchange’s Web site (https://
www.cboe.org/Legal), at the Exchange’s
Office of the Secretary and at the
Commission.
1 15
the Fund has been in operation fewer than five
years, the measured period will being immediately
following the Fund’s first public offering.
PO 00000
6 If
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35215
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(iii).
4 17 CFR 240.19b–4(f)(6).
2 17
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[Federal Register Volume 74, Number 137 (Monday, July 20, 2009)]
[Notices]
[Page 35215]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-17234]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold an Open Meeting on Wednesday, July
22, 2009 at 2 p.m., in the Auditorium, Room L-002.
The subject matter of the Open Meeting will be:
The Commission will consider whether to propose a rule to address
``pay to play'' practices by investment advisers. The proposal is
designed, among other things, to prohibit advisers from seeking to
influence the award of advisory contracts by public entities through
political contributions to or for those officials who are in a position
to influence the awards.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed, please contact: The Office of the
Secretary at (202) 551-5400.
Dated: July 15, 2009.
Elizabeth M. Murphy,
Secretary.
[FR Doc. E9-17234 Filed 7-17-09; 8:45 am]
BILLING CODE 8010-01-P
