Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 39350-39352 [E9-18765]
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Federal Register / Vol. 74, No. 150 / Thursday, August 6, 2009 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–28840]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
July 31, 2009.
jlentini on DSKJ8SOYB1PROD with NOTICES
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of July, 2009.
A copy of each application may be
obtained via the Commission’s Web site
by searching for the file number, or an
applicant using the Company name box,
at https://www.sec.gov/search/
search.htm or by calling (202) 551–
8090. 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
August 25, 2009, 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.
Waddell & Reed Advisors Municipal
Bond Fund, Inc. [File No. 811–2657];
Waddell & Reed Advisors High Income
Fund, Inc. [File No. 811–2907]; Waddell
& Reed Advisors Cash Management,
Inc. [File No. 811–2922]; Waddell &
Reed Advisors Fixed Income Funds,
Inc. [File No. 811–3458]; Waddell &
Reed Advisors Municipal High Income
Fund, Inc. [File No. 811–4427]; Waddell
& Reed Advisors Global Bond Fund,
Inc. [File No. 811–4520]
Summary: Each applicant seeks an
order declaring that it has ceased to be
an investment company. On January 30,
2009, each applicant transferred its
assets to Waddell & Reed Advisors
Funds, based on net asset value.
Expenses of approximately $32,052,
$66,879, $109,131, $29,201, $31,474 and
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$46,466, respectively, incurred in
connection with the reorganizations
were paid by each applicant.
Filing Dates: The applications were
filed on May 28, 2009 and amended on
July 24, 2009.
Applicants’ Address: 6300 Lamar
Ave., Shawnee Mission, KS 66202–
4200.
Putnam High Yield Municipal Trust
[File No. 811–5795]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On February 19,
2008, common shares of applicant were
exchanged for common shares of
Putnam Managed Municipal Income
Trust (the ‘‘Surviving Fund’’), based on
the relative net asset values of each
fund. Applicant’s preferred shares were
exchanged for the preferred shares of
the Surviving Fund based on the
aggregate liquidation preference of each
fund. Expenses of approximately
$169,159 incurred in connection with
the reorganization were paid by
applicant.
Filing Dates: The application was
filed on May 28, 2009 and amended July
20, 2009.
Applicant’s Address: One Post Office
Sq., Boston, MA 02109.
First Investors Single Payment and
Periodic Payment Plans for the
Accumulation of Shares of First
Investors Global Fund, Inc. [File No.
811–575]; First Investors Single
Payment and Periodic Payment Plans II
for Investment in First Investors Global
Fund, Inc. [File No. 811–1359]; First
Investors Single Payment and Periodic
Payment Plans for Investment in First
Investors Fund for Income, Inc. [File
No. 811–1472]; First Investors Single
Payment and Periodic Payment Plans I
for Investment in First Investors Global
Fund, Inc. [File No. 811–1984]; First
Investors Periodic Payment Plans for
Investment in First Investors High;
Yield Fund, Inc. [File No. 811–2564];
First Investors Single Payment and
Periodic Payment Plans for Investment
in First Investors Insured Tax Exempt
Fund, Inc. [File No. 811–2691]; First
Investors Single Payment and Periodic
Payment Plans for Investment in First
Investors Government Fund, Inc. [File
No. 811–4609]
Summary: Each applicant, a unit
investment trust, seeks an order
declaring that it has ceased to be an
investment company. On or about
February 23, 2009, each applicant made
a liquidating distribution to its
unitholders, based on net asset value.
Expenses of $2,755, $1,174, $3,634,
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$252, $797, $1,551 and $1,450,
respectively, incurred in connection
with the liquidations were paid by
applicants’ sponsor, First Investors
Corporation.
Filing Dates: The applications were
filed on May 22, 2009 and amended on
July 16, 2009.
Applicants’ Address: 110 Wall St.,
New York, NY 10005.
RMR Real Estate Fund [File No. 811–
21241]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On June 17, 2009,
applicant transferred its assets to RMR
Real Estate Income Fund, based on net
asset value. Each holder of applicant’s
preferred shares received preferred
shares of RMR Real Estate Income Fund
having an aggregate liquidation
preference equal to the aggregate
liquidation preference attributable to
applicant’s preferred shares. Expenses
of $1,064,947 incurred in connection
with the reorganization were paid by
applicant.
Filing Date: The application was filed
on June 18, 2009.
Applicant’s Address: 400 Centre St.,
Newton, MA 02458.
Church Capital Investment Trust [File
No. 811–21753]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On March 25,
2009, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $24,328
incurred in connection with the
liquidation were paid by Church Capital
Management, LLC, applicant’s
investment adviser.
Filing Date: The application was filed
on July 7, 2009.
Applicant’s Address: The PNC
Financial Services Group, Two PNC
Plaza, 620 Liberty Ave., Pittsburgh, PA
15222.
Seligman Select Municipal Fund, Inc.
[File No. 811–5976]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On March 12,
2009, applicant redeemed all of its
outstanding shares of preferred stock.
On March 27, 2009, applicant
transferred its assets to National
Municipal Class, a series of Seligman
Municipal Fund Series, Inc., based on
net asset value. Expenses of $219,836
incurred in connection with the
reorganization were paid by
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Federal Register / Vol. 74, No. 150 / Thursday, August 6, 2009 / Notices
RiverSource Investments, LLC,
applicant’s investment adviser.
Filing Date: The application was filed
on June 10, 2009.
Applicant’s Address: 901 Marquette
Ave. South, Suite 2810, Minneapolis,
MN 55402–3268.
Morgan Stanley Nasdaq-100 Index
Fund [File No. 811–10343]; Morgan
Stanley Allocator Fund [File No. 811–
21248]; Morgan Stanley Institutional
Strategies Fund [File No. 811–21899]
Summary: Each applicant seeks an
order declaring that it has ceased to be
an investment company. On June 27,
2008, each applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of
approximately $6,636, $4,936 and
$2,690, respectively, incurred in
connection with the liquidations were
paid by Morgan Stanley Investment
Advisors Inc., applicants’ investment
adviser.
Filing Date: The applications were
filed on July 6, 2009.
Applicants’ Address: c/o Morgan
Stanley Investment Advisors Inc., 522
Fifth Ave., New York, NY 10036.
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On May 29, 2009,
applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $404,609
incurred in connection with the
liquidation were paid by applicant.
Filing Date: The application was filed
on June 29, 2009.
Applicant’s Address: 2455 Corporate
West Dr., Lisle, IL 60532.
Putnam Tax Smart Funds Trust [File
No. 811–9289]
jlentini on DSKJ8SOYB1PROD with NOTICES
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On December 29,
2008, applicant transferred its assets to
Putnam Investors Fund, based on net
asset value. Expenses of approximately
$66,055 incurred in connection with the
reorganization were paid by applicant.
Filing Date: The application was filed
on June 29, 2009.
Applicant’s Address: One Post Office
Sq., Boston, MA 02109.
Putnam Municipal Bond Fund [File No.
811–7270]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On February 22,
2008, applicant’s preferred shares were
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Morgan Stanley American Franchise
Fund [File No. 811–21699]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Applicant has
never made a public offering of its
securities and does not propose to make
a public offering or engage in business
of any kind.
Filing Date: The application was filed
on June 17, 2009.
Applicant’s Address: c/o Morgan
Stanley Investment Advisors Inc., 522
Fifth Ave., New York, NY 10036.
RMR Hospitality and Real Estate Fund
[File No. 811–21502]
Fiduciary/Claymore Dynamic Equity
Fund [File No. 811–21687]
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exchanged for preferred shares of
Putnam Municipal Opportunities Trust
based on the aggregate liquidation
preference of each fund. On February
25, 2008, applicant transferred its assets
to Putnam Municipal Opportunities
Trust, based on net asset value.
Expenses of approximately $261,103
incurred in connection with the
reorganization were paid by applicant.
Filing Date: The application was filed
on June 29, 2009.
Applicant’s Address: One Post Office
Sq., Boston, MA 02109.
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On June 19, 2009,
applicant transferred its assets to RMR
Real Estate Income Fund, based on net
asset value. Each holder of applicant’s
preferred shares received preferred
shares of RMR Real Estate Income Fund
having an aggregate liquidation
preference equal to the aggregate
liquidation preference attributable to
applicant’s preferred shares. Expenses
of $334,479 incurred in connection with
the reorganization were paid by
applicant.
Filing Date: The application was filed
on June 22, 2009.
Applicant’s Address: 400 Centre St.,
Newton, MA 02458.
Claymore/Raymond James SB–1 Equity
Fund [File No. 811–21863]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On September 3,
2008, applicant transferred its assets to
Claymore/Raymond James SB–1 Equity
ETF, a series of Claymore ExchangeTraded Fund Trust, based on net asset
value. Expenses of $390,462 incurred in
connection with the reorganization were
paid by applicant and Claymore
Advisors, LLC, applicant’s investment
adviser.
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39351
Filing Dates: The application was
filed on July 2, 2009 and amended on
July 10, 2009.
Applicant’s Address: 2455 Corporate
West Dr., Lisle, IL 60532.
Skyhawk Funds Trust [File No. 811–
21957]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On May 15, 2009,
applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of
approximately $1,300 incurred in
connection with the liquidation were
paid by Skyhawk Capital Management,
LLC, applicant’s investment adviser.
Filing Date: The application was filed
on July 15, 2009.
Applicant’s Address: 8000 Town
Centre Dr., Suite 400, Broadview
Heights, OH 44147.
Hatteras Global Private Equity
Partners, LLC [File No. 811–22237];
Hatteras Global Private Equity Partners
Master Fund, LLC [File No. 811–22256]
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 15, 2009.
Applicants’ Address: 8540 Colonnade
Center Dr., Suite 401, Raleigh, NC
27615.
Cash Management Trust of America
[File No. 811–2380]; U.S. Treasury
Money Fund of America [File No. 811–
6235]
Summary: Each applicant seeks an
order declaring that it has ceased to be
an investment company. On July 10,
2009, each applicant transferred its
assets to American Funds Money
Market Fund, based on net asset value.
Expenses of $1,317,159 and $260,568,
respectively, incurred in connection
with the reorganizations were paid by
each applicant.
Filing Date: The applications were
filed on July 13, 2009.
Applicants’ Address: 333 South Hope
St., Los Angeles, CA 90071.
Morgan Stanley Multi-Asset Class Fund
[File No. 811–8283]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On July 25, 2008,
applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $30,445
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39352
Federal Register / Vol. 74, No. 150 / Thursday, August 6, 2009 / Notices
incurred in connection with the
liquidation were paid by Morgan
Stanley Investment Advisors, Inc.,
applicant’s investment adviser.
Filing Date: The application was filed
on July 6, 2009.
Applicant’s Address: c/o Morgan
Stanley Investment Advisors Inc., 522
Fifth Ave., New York, NY 10036.
Old RMR Asia Pacific Real Estate Fund
[File No. 811–21856]; RMR Asia Real
Estate Fund [File No. 811–22007]
Summary: Each applicant, a closedend investment company, seeks an
order declaring that it has ceased to be
an investment company. On June 16,
2009, each applicant transferred its
assets to RMR Asia Pacific Real Estate
Fund, based on net asset value.
Expenses of $76,184 and $196,584,
respectively, incurred in connection
with the reorganizations were paid by
applicants.
Filing Dates: The applications were
filed on June 17, 2009.
Applicants’ Address: 400 Centre St.,
Newton, MA 02458.
JNLNY Variable Fund I LLC [File No.
811–9357]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. At a meeting held
August 21 and August 22, 2007,
Applicant’s Board of Managers
approved the liquidation and
deregistration of Applicant after all of
Applicant’s assets had previously been
distributed pursuant to a merger of each
series of Applicant into a series of
another fund. Applicant has no
remaining shareholders. Applicant’s
adviser, Jackson National Asset
Management, LLC, paid all expenses
incurred in connection with the
liquidation and deregistration.
Filing Dates: The application was
filed on January 22, 2009 and amended
on June 23, 2009.
Applicant’s Address: JNLNY Variable
Fund I LLC, 1 Corporate Way, Lansing,
MI 48951.
jlentini on DSKJ8SOYB1PROD with NOTICES
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–18765 Filed 8–5–09; 8:45 am]
BILLING CODE 8010–01–P
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. IA–2909]
Approval of Investment Adviser
Registration Depository Filing Fees
AGENCY: Securities and Exchange
Commission.
ACTION: Order.
SUMMARY: The Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’)
is, for five months, waiving Investment
Adviser Registration Depository annual
and initial filing fees for investment
advisers.
DATES: Effective Date: The order will
become effective on August 1, 2009.
FOR FURTHER INFORMATION CONTACT:
Keith Kanyan, IARD System Manager, at
202–551–6737, Daniel S. Kahl, Branch
Chief, at 202–551–6730, or
Iarules@sec.gov, Office of Investment
Adviser Regulation, Division of
Investment Management, Securities and
Exchange Commission, 100 F Street,
NE., Washington, DC 20549–8549.
SUPPLEMENTARY INFORMATION: Section
204(b) of the Investment Advisers Act of
1940 (‘‘Advisers Act’’) authorizes the
Commission to require investment
advisers to file applications and other
documents through an entity designated
by the Commission, and to pay
reasonable costs associated with such
filings.1 In 2000, the Commission
designated the Financial Industry
Regulatory Authority Regulation
(‘‘FINRA’’) as the operator of the
Investment Adviser Registration
Depository (‘‘IARD’’) system. At the
same time, the Commission approved,
as reasonable, filing fees.2 The
Commission later required advisers
registered or registering with the SEC to
file Form ADV through the IARD.3 Over
11,000 advisers now use the IARD to
register with the SEC and make state
notice filings electronically through the
Internet.
Commission staff, representatives of
the North American Securities
Administrators Association, Inc.
(‘‘NASAA’’),4 and representatives of
1 15
U.S.C. 80b–4(b).
of NASD Regulation, Inc., to
Establish and Maintain the Investment Adviser
Registration Depository; Approval of IARD Fees,
Investment Advisers Act Release No. 1888 (July 28,
2000) [65 FR 47807 (Aug. 3, 2000)]. FINRA was
formerly known as the National Association of
Securities Dealers, Inc.
3 Electronic Filing by Investment Advisers;
Amendments to Form ADV, Investment Advisers
Act Release No. 1897 (Sept. 12, 2000) [65 FR 57438
(Sept. 22, 2000)].
4 The IARD system is used by both advisers
registering or registered with the SEC and advisers
FINRA periodically hold discussions on
IARD system finances. In the early years
of operations, SEC-associated IARD
revenues exceeded projections while
SEC-associated IARD expenses were
lower than estimated, resulting in a
surplus. In 2005, FINRA wrote a letter
to SEC staff recommending a waiver of
annual fees for a one-year period. The
Commission concluded that this was
appropriate and waived the annual
fees.5 In 2006 and 2008, FINRA wrote to
the staff again, this time recommending
a two-year waiver and a nine-month
waiver, respectively, of all fees to
continue to reduce the surplus. The
Commission agreed and issued another
two orders waiving all IARD fees.6 As a
result of these three waivers, the surplus
was reduced from $9 million in 2005 to
approximately $3 million today.
FINRA has again written to
Commission staff, recommending that
the waiver of annual IARD fees and the
waiver of initial IARD filing fees for
SEC-registered advisers be extended for
an additional five months to December
31, 2009. Based on projections of
expected SEC-associated IARD revenues
and SEC-associated IARD expenses for
the next five months, the Commission
believes that the current SEC-associated
surplus exceeds the amount needed for
operations and system enhancements
during this period, and accordingly
believes that an extension of the current
waiver of both annual and initial filing
fees through December 31, 2009 is
appropriate in order to continue
reducing the SEC-associated surplus.
This action is expected to waive
approximately $300,000 in IARD system
fees that SEC-registered advisers would
incur, and should reduce the SECassociated surplus to approximately $2
million. The fee waiver will apply to all
annual updating amendments filed by
SEC-registered advisers from August 1,
2009 through December 31, 2009 and to
all initial applications for registration
filed by advisers applying for SEC
registration from August 1, 2009
through December 31, 2009.
It is therefore ordered, pursuant to
sections 204(b) and 206(A) of the
Investment Advisers Act of 1940, that:
For annual updating amendments to
Form ADV filed from August 1, 2009
2 Designation
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registered or registering with one or more state
securities authorities. NASAA represents the state
securities administrators in setting IARD filing fees
for state-registered advisers.
5 Approval of Investment Adviser Registration
Depository Filing Fees, Investment Advisers Act
Release No. 2439 (Oct. 7, 2005) [70 FR 59789 (Oct.
13, 2005)].
6 Approval of Investment Adviser Registration
Depository Filing Fees, Investment Advisers Act
Release Nos. 2564 (Oct. 26, 2006) and 2806 (Oct.
30, 2008) [73 FR 65900 (Nov. 5, 2008)].
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]]>Agencies
[Federal Register Volume 74, Number 150 (Thursday, August 6, 2009)]
[Notices]
[Pages 39350-39352]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-18765]
[[Page 39350]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-28840]
Notice of Applications for Deregistration Under Section 8(f) of
the Investment Company Act of 1940
July 31, 2009.
The following is a notice of applications for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
July, 2009. A copy of each application may be obtained via the
Commission's Web site by searching for the file number, or an applicant
using the Company name box, at https://www.sec.gov/search/search.htm or
by calling (202) 551-8090. 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 August 25, 2009, 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.
Waddell & Reed Advisors Municipal Bond Fund, Inc. [File No. 811-2657];
Waddell & Reed Advisors High Income Fund, Inc. [File No. 811-2907];
Waddell & Reed Advisors Cash Management, Inc. [File No. 811-2922];
Waddell & Reed Advisors Fixed Income Funds, Inc. [File No. 811-3458];
Waddell & Reed Advisors Municipal High Income Fund, Inc. [File No. 811-
4427]; Waddell & Reed Advisors Global Bond Fund, Inc. [File No. 811-
4520]
Summary: Each applicant seeks an order declaring that it has ceased
to be an investment company. On January 30, 2009, each applicant
transferred its assets to Waddell & Reed Advisors Funds, based on net
asset value. Expenses of approximately $32,052, $66,879, $109,131,
$29,201, $31,474 and $46,466, respectively, incurred in connection with
the reorganizations were paid by each applicant.
Filing Dates: The applications were filed on May 28, 2009 and
amended on July 24, 2009.
Applicants' Address: 6300 Lamar Ave., Shawnee Mission, KS 66202-
4200.
Putnam High Yield Municipal Trust [File No. 811-5795]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On February
19, 2008, common shares of applicant were exchanged for common shares
of Putnam Managed Municipal Income Trust (the ``Surviving Fund''),
based on the relative net asset values of each fund. Applicant's
preferred shares were exchanged for the preferred shares of the
Surviving Fund based on the aggregate liquidation preference of each
fund. Expenses of approximately $169,159 incurred in connection with
the reorganization were paid by applicant.
Filing Dates: The application was filed on May 28, 2009 and amended
July 20, 2009.
Applicant's Address: One Post Office Sq., Boston, MA 02109.
First Investors Single Payment and Periodic Payment Plans for the
Accumulation of Shares of First Investors Global Fund, Inc. [File No.
811-575]; First Investors Single Payment and Periodic Payment Plans II
for Investment in First Investors Global Fund, Inc. [File No. 811-
1359]; First Investors Single Payment and Periodic Payment Plans for
Investment in First Investors Fund for Income, Inc. [File No. 811-
1472]; First Investors Single Payment and Periodic Payment Plans I for
Investment in First Investors Global Fund, Inc. [File No. 811-1984];
First Investors Periodic Payment Plans for Investment in First
Investors High; Yield Fund, Inc. [File No. 811-2564]; First Investors
Single Payment and Periodic Payment Plans for Investment in First
Investors Insured Tax Exempt Fund, Inc. [File No. 811-2691]; First
Investors Single Payment and Periodic Payment Plans for Investment in
First Investors Government Fund, Inc. [File No. 811-4609]
Summary: Each applicant, a unit investment trust, seeks an order
declaring that it has ceased to be an investment company. On or about
February 23, 2009, each applicant made a liquidating distribution to
its unitholders, based on net asset value. Expenses of $2,755, $1,174,
$3,634, $252, $797, $1,551 and $1,450, respectively, incurred in
connection with the liquidations were paid by applicants' sponsor,
First Investors Corporation.
Filing Dates: The applications were filed on May 22, 2009 and
amended on July 16, 2009.
Applicants' Address: 110 Wall St., New York, NY 10005.
RMR Real Estate Fund [File No. 811-21241]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On June 17,
2009, applicant transferred its assets to RMR Real Estate Income Fund,
based on net asset value. Each holder of applicant's preferred shares
received preferred shares of RMR Real Estate Income Fund having an
aggregate liquidation preference equal to the aggregate liquidation
preference attributable to applicant's preferred shares. Expenses of
$1,064,947 incurred in connection with the reorganization were paid by
applicant.
Filing Date: The application was filed on June 18, 2009.
Applicant's Address: 400 Centre St., Newton, MA 02458.
Church Capital Investment Trust [File No. 811-21753]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On March 25, 2009, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of $24,328 incurred in connection with the liquidation were
paid by Church Capital Management, LLC, applicant's investment adviser.
Filing Date: The application was filed on July 7, 2009.
Applicant's Address: The PNC Financial Services Group, Two PNC
Plaza, 620 Liberty Ave., Pittsburgh, PA 15222.
Seligman Select Municipal Fund, Inc. [File No. 811-5976]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On March 12,
2009, applicant redeemed all of its outstanding shares of preferred
stock. On March 27, 2009, applicant transferred its assets to National
Municipal Class, a series of Seligman Municipal Fund Series, Inc.,
based on net asset value. Expenses of $219,836 incurred in connection
with the reorganization were paid by
[[Page 39351]]
RiverSource Investments, LLC, applicant's investment adviser.
Filing Date: The application was filed on June 10, 2009.
Applicant's Address: 901 Marquette Ave. South, Suite 2810,
Minneapolis, MN 55402-3268.
Morgan Stanley Nasdaq-100 Index Fund [File No. 811-10343]; Morgan
Stanley Allocator Fund [File No. 811-21248]; Morgan Stanley
Institutional Strategies Fund [File No. 811-21899]
Summary: Each applicant seeks an order declaring that it has ceased
to be an investment company. On June 27, 2008, each applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of approximately $6,636, $4,936 and $2,690, respectively,
incurred in connection with the liquidations were paid by Morgan
Stanley Investment Advisors Inc., applicants' investment adviser.
Filing Date: The applications were filed on July 6, 2009.
Applicants' Address: c/o Morgan Stanley Investment Advisors Inc.,
522 Fifth Ave., New York, NY 10036.
Fiduciary/Claymore Dynamic Equity Fund [File No. 811-21687]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On May 29,
2009, applicant made a liquidating distribution to its shareholders,
based on net asset value. Expenses of $404,609 incurred in connection
with the liquidation were paid by applicant.
Filing Date: The application was filed on June 29, 2009.
Applicant's Address: 2455 Corporate West Dr., Lisle, IL 60532.
Putnam Tax Smart Funds Trust [File No. 811-9289]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On December 29, 2008, applicant transferred
its assets to Putnam Investors Fund, based on net asset value. Expenses
of approximately $66,055 incurred in connection with the reorganization
were paid by applicant.
Filing Date: The application was filed on June 29, 2009.
Applicant's Address: One Post Office Sq., Boston, MA 02109.
Putnam Municipal Bond Fund [File No. 811-7270]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On February
22, 2008, applicant's preferred shares were exchanged for preferred
shares of Putnam Municipal Opportunities Trust based on the aggregate
liquidation preference of each fund. On February 25, 2008, applicant
transferred its assets to Putnam Municipal Opportunities Trust, based
on net asset value. Expenses of approximately $261,103 incurred in
connection with the reorganization were paid by applicant.
Filing Date: The application was filed on June 29, 2009.
Applicant's Address: One Post Office Sq., Boston, MA 02109.
Morgan Stanley American Franchise Fund [File No. 811-21699]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant has never made a public offering of
its securities and does not propose to make a public offering or engage
in business of any kind.
Filing Date: The application was filed on June 17, 2009.
Applicant's Address: c/o Morgan Stanley Investment Advisors Inc.,
522 Fifth Ave., New York, NY 10036.
RMR Hospitality and Real Estate Fund [File No. 811-21502]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On June 19,
2009, applicant transferred its assets to RMR Real Estate Income Fund,
based on net asset value. Each holder of applicant's preferred shares
received preferred shares of RMR Real Estate Income Fund having an
aggregate liquidation preference equal to the aggregate liquidation
preference attributable to applicant's preferred shares. Expenses of
$334,479 incurred in connection with the reorganization were paid by
applicant.
Filing Date: The application was filed on June 22, 2009.
Applicant's Address: 400 Centre St., Newton, MA 02458.
Claymore/Raymond James SB-1 Equity Fund [File No. 811-21863]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On September
3, 2008, applicant transferred its assets to Claymore/Raymond James SB-
1 Equity ETF, a series of Claymore Exchange-Traded Fund Trust, based on
net asset value. Expenses of $390,462 incurred in connection with the
reorganization were paid by applicant and Claymore Advisors, LLC,
applicant's investment adviser.
Filing Dates: The application was filed on July 2, 2009 and amended
on July 10, 2009.
Applicant's Address: 2455 Corporate West Dr., Lisle, IL 60532.
Skyhawk Funds Trust [File No. 811-21957]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On May 15, 2009, applicant made a liquidating
distribution to its shareholders, based on net asset value. Expenses of
approximately $1,300 incurred in connection with the liquidation were
paid by Skyhawk Capital Management, LLC, applicant's investment
adviser.
Filing Date: The application was filed on July 15, 2009.
Applicant's Address: 8000 Town Centre Dr., Suite 400, Broadview
Heights, OH 44147.
Hatteras Global Private Equity Partners, LLC [File No. 811-22237];
Hatteras Global Private Equity Partners Master Fund, LLC [File No. 811-
22256]
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 15, 2009.
Applicants' Address: 8540 Colonnade Center Dr., Suite 401, Raleigh,
NC 27615.
Cash Management Trust of America [File No. 811-2380]; U.S. Treasury
Money Fund of America [File No. 811-6235]
Summary: Each applicant seeks an order declaring that it has ceased
to be an investment company. On July 10, 2009, each applicant
transferred its assets to American Funds Money Market Fund, based on
net asset value. Expenses of $1,317,159 and $260,568, respectively,
incurred in connection with the reorganizations were paid by each
applicant.
Filing Date: The applications were filed on July 13, 2009.
Applicants' Address: 333 South Hope St., Los Angeles, CA 90071.
Morgan Stanley Multi-Asset Class Fund [File No. 811-8283]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On July 25, 2008, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of $30,445
[[Page 39352]]
incurred in connection with the liquidation were paid by Morgan Stanley
Investment Advisors, Inc., applicant's investment adviser.
Filing Date: The application was filed on July 6, 2009.
Applicant's Address: c/o Morgan Stanley Investment Advisors Inc.,
522 Fifth Ave., New York, NY 10036.
Old RMR Asia Pacific Real Estate Fund [File No. 811-21856]; RMR Asia
Real Estate Fund [File No. 811-22007]
Summary: Each applicant, a closed-end investment company, seeks an
order declaring that it has ceased to be an investment company. On June
16, 2009, each applicant transferred its assets to RMR Asia Pacific
Real Estate Fund, based on net asset value. Expenses of $76,184 and
$196,584, respectively, incurred in connection with the reorganizations
were paid by applicants.
Filing Dates: The applications were filed on June 17, 2009.
Applicants' Address: 400 Centre St., Newton, MA 02458.
JNLNY Variable Fund I LLC [File No. 811-9357]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. At a meeting held August 21 and August 22,
2007, Applicant's Board of Managers approved the liquidation and
deregistration of Applicant after all of Applicant's assets had
previously been distributed pursuant to a merger of each series of
Applicant into a series of another fund. Applicant has no remaining
shareholders. Applicant's adviser, Jackson National Asset Management,
LLC, paid all expenses incurred in connection with the liquidation and
deregistration.
Filing Dates: The application was filed on January 22, 2009 and
amended on June 23, 2009.
Applicant's Address: JNLNY Variable Fund I LLC, 1 Corporate Way,
Lansing, MI 48951.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-18765 Filed 8-5-09; 8:45 am]
BILLING CODE 8010-01-P
