Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 50846-50849 [E9-23669]
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PWALKER on DSK8KYBLC1PROD with NOTICES
50846
Federal Register / Vol. 74, No. 189 / Thursday, October 1, 2009 / Notices
FOR FURTHER INFORMATION CONTACT:
Enrollees may call 1–800–LTC–FEDS
(1–800–582–3337) (TTY: 1–800–843–
3557) or visit https://www.ltcfeds.com.
For purposes of this Federal Register
notice only, the contact at OPM is John
Cutler, Senior Policy Analyst, Strategic
Human Resources Policy Division, at
john.cutler@opm.gov or (202) 606–0735.
SUPPLEMENTARY INFORMATION: The LongTerm Care Security Act (Pub. L. 106–
265) directs OPM to provide periodic
opportunities for eligible persons to
apply for coverage in the FLTCIP. OPM
has issued regulations (5 CFR 875.402–
875.404) which set forth procedures for
FLTCIP open seasons. This notice is
issued under the provisions of
§ 875.402(b). The Special Decision
Period described in this Notice is solely
for current enrollees to make coverage
changes. Eligible enrollees will be
notified directly about the Special
Decision Period by Long Term Care
Partners, the program administrator.
Enrollees who have plan options
subject to a rate increase beginning in
January 2010 will be offered a specified
‘‘landing spot’’ to allow them to reduce
their coverage in order to keep their
premium approximately the same
amount as it is today. Eligible enrollees
will also be given an opportunity to
change to the new FLTCIP plan design
which offers some features different
than those currently available. Enrollees
who make coverage changes outside of
this Special Decision Period may be
subject to full underwriting, as specified
in § 875.403, and different premium
calculation rules.
Qualified enrollees under these
special rules: Persons enrolled in the
FLTCIP standard plan as of October 1,
2009, and those individuals whose
application for the standard plan was
received on or before September 30,
2009, and whose enrollment was
approved are eligible to make changes
during the Special Decision Period,
provided they are not in benefit eligible
status.
Underwriting requirements: Eligible
enrollees who wish to reduce their
coverage or keep their current coverage
(subject to any applicable rate increases)
will be able to do so without
underwriting. They may also change to
the specified ‘‘landing spot’’ without
underwriting. No enrollee’s coverage
will change unless he or she voluntarily
chooses to change it. Other coverage
changes may require underwriting.
If underwriting is required, eligible
enrollees who are active workforce
members or spouses of active workforce
members will be subject to the
abbreviated underwriting standards in
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effect for the FLTCIP as of October 1,
2009. In accordance with
§ 875.404(b)(2), active workforce
members who seek to make changes that
require underwriting must be actively at
work in order for coverage changes to
become effective. For decision period
changes with a January 1, 2010, effective
date, actively at work requirements are
modified. For a coverage change to
become effective January 1, 2010, the
active workforce member must be
actively at work one day during the
month of December 2009. If
underwriting is required for any other
eligible enrollees, they will be subject to
the full underwriting standards in effect
for the FLTCIP as of October 1, 2009.
Billing age: For enrollees who retain
their current benefits, premiums are
based on the enrollee’s age at purchase.
For enrollees who choose to change
their benefits, premiums will be
determined on a blended rate basis,
taking into account the enrollee’s age at
purchase and the enrollee’s attained age
as of January 1, 2010.
Premiums: Certain current enrollees
in the FLTCIP will experience a
premium increase, effective January 1,
2010. The premium increase affects
current enrollees who applied to the
FLTCIP on or before September 30,
2009, who have the Automatic
Compound Inflation Option (ACIO) and
whose age at purchase was under 70.
Enrollees affected by the premium
increase will receive detailed written
information about the specific amount
of the increase from Long Term Care
Partners. Long Term Care Partners will
also provide information on how
enrollees may reduce their benefits in
order to avoid the premium increase
and keep their new premium
approximately the same as their current
premium. All eligible enrollees will also
be given an opportunity to change to the
new FLTCIP plan design. Premiums for
coverage changes will vary according to
the enrollee’s age and the coverage
options selected.
Effective date: The effective date of
coverage changes that do not require
underwriting will be January 1, 2010,
regardless of when the Special Decision
Period request is received. Coverage
changes requiring underwriting will be
effective January 1, 2010, or the first day
of the month following approval of the
request, whichever is later.
Enrollees who make coverage changes
under these provisions will receive a
revised Benefit Booklet and Schedule of
Benefits. Enrollees will have 30 days
after the date these items are mailed to
cancel their Special Decision Period
coverage changes and revert to their
original coverage or to make another
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Special Decision Period choice.
Enrollees will receive a refund of any
difference in premiums paid for a
coverage change that is cancelled within
those 30 days. If enrollees cancel the
coverage change after 30 days, they will
not receive a refund of any difference in
premiums paid for the changed
coverage, unless those premiums are for
a period after the effective date of the
cancellation.
OPM expects to hold a FLTCIP Open
Season for all individuals eligible to
apply in late 2010. We will issue a
separate Notice in the Federal Register
describing the procedures for that Open
Season at a later time.
Authority: 5 U.S.C. 9008; 5 CFR 875.402.
U.S. Office of Personnel Management.
John Berry,
Director.
[FR Doc. E9–23727 Filed 9–30–09; 8:45 am]
BILLING CODE 6325–39–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–28930]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
September 25, 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 September,
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
October 20, 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.
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Federal Register / Vol. 74, No. 189 / Thursday, October 1, 2009 / Notices
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.
Keystone Tax Exempt Trust [File No.
811–4334]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about
March 1, 1996, applicant transferred its
assets to Keystone Tax Free Fund, based
on net asset value. Expenses incurred in
connection with the reorganization were
paid by applicant.
Filing Date: The application was filed
on September 3, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
Keystone Hartwell Growth Fund [File
No. 811–1380]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about July
31, 1997, applicant transferred its assets
Keystone Omega Fund, based on net
asset value. Expenses incurred in
connection with the reorganization were
paid by applicant.
Filing Date: The application was filed
on September 3, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
PWALKER on DSK8KYBLC1PROD with NOTICES
Eagle Growth Shares, Inc. [File No.
811–1935]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On June 17, 2009,
applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of
approximately $82,682 incurred in
connection with the liquidation were
paid by applicant. Applicant has
retained approximately $36,384 in cash
to pay certain remaining liabilities.
Filing Date: The application was filed
on September 10, 2009.
Applicant’s Address: 1200 North
Federal Hwy., Suite 424, Boca Raton, FL
33432.
Surgeons Diversified Investment Fund
[File No. 811–21868]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On April 20,
2009, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $53,816
incurred in connection with the
liquidation were paid by Surgeons Asset
Management, LLC, applicant’s
investment adviser.
Filing Date: The application was filed
on August 20, 2009.
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Applicant’s Address: Surgeons Asset
Management, LLC, 633 North St. Clair
St., Chicago, IL 60611.
Keystone Precious Metals Holdings, Inc.
[File No. 811–2303]
50847
Applicant’s Address: 60 State St.,
Boston, MA 02109.
Pioneer Growth Shares [File No. 811–
1604]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about
December 22, 1997, applicant
transferred its assets to Evergreen
Precious Metals Fund, a series of
Evergreen International Trust, based on
net asset value. Expenses incurred in
connection with the reorganization were
paid by applicant.
Filing Date: The application was filed
on August 20, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On December 7,
2007, applicant transferred its assets to
Pioneer Independence Fund, based on
net asset value. Expenses of
approximately $221,761 incurred in
connection with the reorganization were
paid by applicant, the acquiring fund,
and Pioneer Investment Management,
Inc., applicant’s investment adviser.
Filing Date: The application was filed
on September 9, 2009.
Applicant’s Address: 60 State St.,
Boston, MA 02109.
Keystone Omega Fund [File No. 811–
1600]
Keystone Strategic Development Fund
[File No. 811–8694]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about
December 22, 1997, applicant
transferred its assets to Evergreen
Omega Fund, a series of Evergreen
Equity Trust, based on net asset value.
Expenses incurred in connection with
the reorganization were paid by
applicant.
Filing Date: The application was filed
on August 20, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about
December 22, 1997, applicant
transferred its assets to Evergreen
Natural Resources Fund, a series of
Evergreen International Trust, based on
net asset value. Expenses incurred in
connection with the reorganization were
paid by applicant.
Filing Date: The application was filed
on September 1, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
Ralph Parks Portfolios Trust [File No.
811–21845]
Keystone World Bond Fund [File No.
811–4830]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On June 29, 2009,
applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $12,764
incurred in connection with the
liquidation were paid by applicant and
Ralph Parks Investment Group,
applicant’s investment adviser.
Filing Date: The application was filed
on August 18, 2009.
Applicant’s Address: Meadowgate
Office Park, 101 Sully’s Trail, Bldg. 10,
Pittsford, NY 14534.
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about July
31, 1997, applicant transferred its assets
to Keystone Strategic Income Fund,
based on net asset value. Expenses
incurred in connection with the
reorganization were paid by applicant.
Filing Date: The application was filed
on September 1, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
Pioneer Independence Plans [File No.
811–8551]
Summary: Applicant, a unit
investment trust, seeks an order
declaring that it has ceased to be an
investment company. On June 22, 2007,
applicant made a liquidating
distribution to its planholders, based on
net asset value. Applicant incurred no
expenses in connection with the
liquidation.
Filing Date: The application was filed
on September 9, 2009.
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Keystone Strategic Growth Fund (K–2)
[File No. 811–97]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about
December 22, 1997, applicant
transferred its assets to Evergreen
Strategic Growth Fund, a series of
Evergreen Equity Trust, based on net
asset value. Expenses incurred in
connection with the reorganization were
paid by applicant.
Filing Date: The application was filed
on August 31, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
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50848
Federal Register / Vol. 74, No. 189 / Thursday, October 1, 2009 / Notices
Keystone International Fund Inc. [File
No. 811–1231]
Waddell & Reed Advisors Vanguard
Fund, Inc. [File No. 811–1806]
Keystone Balanced Fund II [File No.
811–7679]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about
December 22, 1997, applicant
transferred its assets to Evergreen
International Growth Fund, a series of
Evergreen International Trust, based on
net asset value. Expenses incurred in
connection with the reorganization were
paid by applicant.
Filing Date: The application was filed
on August 17, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
Waddell & Reed Advisors International
Growth Fund, Inc. [File No. 811–2004]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about July
17, 1997, applicant transferred its assets
to Evergreen Foundation Trust, based on
net asset value. Expenses incurred in
connection with the reorganization were
paid by applicant.
Filing Dates: The application was
filed on July 27, 2009, and amended on
August 31, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
Western Asset/Claymore U.S. Treasury
Inflation Protected Securities Fund 3
[File No. 811–21559]
Summary: Applicant, a closed-end
investment company, 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 August 14, 2009.
Applicant’s Address: 385 East
Colorado Blvd., Pasadena, CA 91101.
Keystone Liquid Trust [File No. 811–
2521]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about July
31, 1997, applicant transferred its assets
to Evergreen Money Market Fund, a
series of Evergreen Money Market Trust,
based on net asset value. Expenses
incurred in connection with the
reorganization were paid by applicant.
Filing Date: The application was filed
on August 19, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
PWALKER on DSK8KYBLC1PROD with NOTICES
Keystone Strategic Income Fund [File
No. 811–4947]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On or about
December 22, 1997, applicant
transferred its assets to Evergreen
Strategic Income Fund, a series of
Evergreen Fixed Income Trust, based on
net asset value. Expenses incurred in
connection with the reorganization were
paid by applicant.
Filing Date: The application was filed
on August 20, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
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Waddell & Reed Advisors Continental
Income Fund, Inc. [File No. 811–2008]
Waddell & Reed Advisors Retirement
Shares, Inc. [File No. 811–2263]
Waddell & Reed Advisors Funds, Inc.
[File No. 811–2552]
Waddell & Reed Advisors New
Concepts Fund, Inc. [File No. 811–3695]
Waddell & Reed Advisors Asset
Strategy Fund, Inc. [File No. 811–7217]
Waddell & Reed Advisors Tax-Managed
Equity Fund, Inc. [File No. 811–9789]
Waddell & Reed Advisors Select Funds,
Inc. [File No. 811–10135]
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 $120,269,
$62,712, $29,428, $34,751, $584,038,
$117,640, $192,396, $14,266 and
$135,564, respectively, incurred in
connection with the reorganizations
were paid by each applicant.
Filing Date: The applications were
filed on August 27, 2009.
Applicants’ Address: 6300 Lamar
Ave., Shawnee Mission, KS 66202–
4200.
Kayne Anderson Canadian Energy
Income Fund, Inc. [File No. 811–21945]
Summary: Applicant, a closed-end
investment company, 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 Dates: The application was
filed on July 17, 2009, and amended on
September 2, 2009.
Applicant’s Address: 717 Texas Ave.,
Suite 3100, Houston, TX 77002.
Keystone Emerging Markets Fund [File
No. 811–7551]
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 Dates: The application was
filed on July 28, 2009, and amended on
September 2, 2009.
Applicant’s Address: 200 Berkeley St.,
Boston, MA 02116.
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AIM Core Allocation Portfolio Series
[File No. 811–21792]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Each series of
applicant was liquidated at net asset
value through a series of shareholder
redemptions that was completed on
February 26, 2009. Expenses of
approximately $422 incurred in
connection with the liquidation were
paid by Invesco Aim Advisors, Inc.,
applicant’s investment adviser.
Filing Dates: The application was
filed on August 14, 2009, and amended
on September 17, 2009.
Applicant’s Address: 11 Greenway
Plaza, Suite 100, Houston, TX 77046–
1173.
E*TRADE Funds [File No. 811–9093]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On March 30,
2009 and April 27, 2009, applicant
made liquidating distributions to its
shareholders, based on net asset value.
Expenses of $50,000 incurred in
connection with the liquidation were
paid by E*TRADE Asset Management,
Inc., applicant’s investment adviser.
Filing Date: The application was filed
on August 20, 2009.
Applicant’s Address: 4500 Bohannon
Dr., Menlo Park, CA 94025.
Servus Life Insurance Company
Separate Account One [File No. 811–
9031]
Servus Life Insurance Company
Separate Account Two [File No. 811–
9043]
Summary: Applicants seeks an order
declaring that they have ceased to be
investment companies. Applicants
request deregistration based on
abandonment of registration. Applicants
have not commenced operations and are
not now engaged, or intending to
engage, in any business activities other
than those necessary for winding up
their affairs.
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Federal Register / Vol. 74, No. 189 / Thursday, October 1, 2009 / Notices
Filing Date: The applications were
filed on July 23, 2009.
Applicants’ Address: Seaview House,
70 Seaview Avenue, Stamford, CT
06902–6040.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–23669 Filed 9–30–09; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–28931; File No. 812–13569]
Ridgewood Capital Energy Growth
Fund, LLC, et al.; Notice of Application
September 25, 2009.
PWALKER on DSK8KYBLC1PROD with NOTICES
AGENCY: Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of application for an
order under section 57(i) of the
Investment Company Act of 1940 (the
‘‘Act’’) and rule 17d–1 under the Act to
permit certain joint transactions
otherwise prohibited by section 57(a)(4)
of the Act and under section 17(d) of the
Act and rule 17d–1 under the Act
authorizing certain joint transactions.
SUMMARY OF APPLICATION: Applicants
request an order to permit a business
development company (‘‘BDC’’) to coinvest with certain affiliated investment
funds in portfolio companies.
APPLICANTS: Ridgewood Capital Energy
Growth Fund, LLC (the ‘‘Company’’),
Ridgewood Capital Fund IV, LLC,
Ridgewood Capital Fund IV–B, LLC,
Ridgewood Capital Fund IV–C, LLC,
Ridgewood Capital QP Fund IV, LLC,
Ridgewood Capital QP Fund IV–B, LLC,
Ridgewood Capital QP Fund IV–C, LLC,
Ridgewood QP Fund III LLC, and
Ridgewood Venture Fund III LLC (each
individually, a ‘‘Fund’’ and collectively,
the ‘‘Funds’’), and Ridgewood Capital
Management, LLC (the ‘‘Adviser’’).
FILING DATES: The application was filed
on August 25, 2008 and amended on
February 6, 2009, June 4, 2009, and
September 24, 2009.
HEARING OR NOTIFICATION OF HEARING:
An order granting the requested relief
will be issued unless the Commission
orders a hearing. Interested persons may
request a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on October 20, 2009, and
should be accompanied by proof of
service on applicants, in the form of an
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19:32 Sep 30, 2009
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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
Commission’s Secretary.
ADDRESSES: Secretary, U.S. Securities
and Exchange Commission, 100 F St.,
NE., Washington, DC 20549–1090.
Applicants: c/o Daniel V. Gulino, Esq.,
Ridgewood Capital Energy Growth
Fund, LLC, 947 Linwood Avenue,
Ridgewood, New Jersey 07450.
FOR FURTHER INFORMATION CONTACT: Jill
Ehrlich, Attorney Advisor, at (202) 551–
6819, or Mary Kay Frech, Branch Chief,
at (202) 551–6821 (Office of Investment
Company Regulation, Division of
Investment Management).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete 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.
Applicants’ Representations
1. The Company is an externally
managed, non-diversified, closed-end
management investment company that
intends to elect to be regulated as a BDC
under the Act.1 The Company intends to
operate as a specialty investment
company focused on providing
customized financing to a limited
number of energy or renewable energy,
technology, and growth-based
companies from the early stages of
development to the expansion and later
stages of development. The Company’s
investment objective is to generate longterm capital appreciation from these
equity-related investments. The
Company will have a five-member board
of directors (the ‘‘Board’’) of which three
members are not ‘‘interested persons’’ of
the Company within the meaning of
section 2(a)(19) of the Act (the
‘‘Independent Directors’’). The Adviser
is an investment adviser registered
under the Investment Advisers Act of
1940 and will manage the investment
activities of the Company pursuant to an
investment advisory agreement.
2. Each of the Funds is a Delaware
limited liability company of which the
1 Section 2(a)(48) defines a BDC to be any closedend investment company that operates for the
purpose of making investments in securities
described in sections 55(a)(1) through 55(a)(3) of the
Act and makes available significant managerial
assistance with respect to the issuers of such
securities.
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50849
Adviser is the managing member and is
a separate and distinct legal entity. Each
is excluded from the definition of
investment company by either section
3(c)(1) or 3(c)(7) of the Act. The Funds’
investment objectives are essentially the
same as those of the Company. Each
Fund is operated in accordance with a
limited liability company agreement
(collectively, the ‘‘Agreements’’). The
Agreements also serve effectively as the
advisory contracts between the Adviser
and each Fund and provide the Adviser
with full, exclusive and complete
discretion in the management and
control of the Funds. The Adviser may
in the future advise other entities that
are affiliated persons of the Company as
defined in section 2(a)(3)(C) of the Act
(the ‘‘Future Co-Investment
Affiliates’’).2
3. Applicants request relief permitting
the Company, the Funds and any Future
Co-Investment Affiliate to co-invest in
portfolio companies (the ‘‘CoInvestment Program’’ and each
investment, a ‘‘Co-Investment
Transaction’’).3 Each Co-Investment
Transaction would be allocated among
the Company, on the one hand, and the
Funds, on the other hand. In selecting
investments for the Company, the
Adviser will consider only the
investment objective, investment
policies, investment position, capital
available for investment, and other
pertinent factors applicable to the
Company. While co-investment would
be the norm, each transaction and the
proposed allocation of each investment
opportunity would be approved prior to
the actual investment by the required
majority (within the meaning of section
57(o)) (the ‘‘Required Majority’’).4
Applicants’ Legal Analysis
1. Section 57(a)(4) of the Act prohibits
certain affiliated persons of a BDC from
participating in a joint transaction with
the BDC in contravention of rules as
prescribed by the Commission. Under
section 57(b)(2) of the Act, any person
who is directly or indirectly controlling,
controlled by or under common control
with a BDC is subject to section 57(a)(4).
2 Sections 2(a)(3)(C) defines an ‘‘affiliated person’’
of another person as any person directly or
indirectly controlling, controlled by, or under
common control with, such other person.
3 All existing entities that currently intend to rely
on the order have been named as applicants and
any future entities that may rely on the order in the
future will comply with its terms and conditions.
4 The term ‘‘Required Majority,’’ when used with
respect to the approval of a proposed transaction,
plan, or arrangement, means both a majority of a
BDC’s directors or general partners who have no
financial interest in such transaction, plan, or
arrangement and a majority of such directors or
general partners who are not interested persons of
such company.
E:\FR\FM\01OCN1.SGM
01OCN1
]]>Agencies
[Federal Register Volume 74, Number 189 (Thursday, October 1, 2009)]
[Notices]
[Pages 50846-50849]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-23669]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-28930]
Notice of Applications for Deregistration Under Section 8(f) of
the Investment Company Act of 1940
September 25, 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
September, 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 October 20, 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.
[[Page 50847]]
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.
Keystone Tax Exempt Trust [File No. 811-4334]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about March 1, 1996, applicant
transferred its assets to Keystone Tax Free Fund, based on net asset
value. Expenses incurred in connection with the reorganization were
paid by applicant.
Filing Date: The application was filed on September 3, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
Keystone Hartwell Growth Fund [File No. 811-1380]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about July 31, 1997, applicant
transferred its assets Keystone Omega Fund, based on net asset value.
Expenses incurred in connection with the reorganization were paid by
applicant.
Filing Date: The application was filed on September 3, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
Eagle Growth Shares, Inc. [File No. 811-1935]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On June 17, 2009, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of approximately $82,682 incurred in connection with the
liquidation were paid by applicant. Applicant has retained
approximately $36,384 in cash to pay certain remaining liabilities.
Filing Date: The application was filed on September 10, 2009.
Applicant's Address: 1200 North Federal Hwy., Suite 424, Boca
Raton, FL 33432.
Surgeons Diversified Investment Fund [File No. 811-21868]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On April 20, 2009, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of $53,816 incurred in connection with the liquidation were
paid by Surgeons Asset Management, LLC, applicant's investment adviser.
Filing Date: The application was filed on August 20, 2009.
Applicant's Address: Surgeons Asset Management, LLC, 633 North St.
Clair St., Chicago, IL 60611.
Keystone Precious Metals Holdings, Inc. [File No. 811-2303]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about December 22, 1997, applicant
transferred its assets to Evergreen Precious Metals Fund, a series of
Evergreen International Trust, based on net asset value. Expenses
incurred in connection with the reorganization were paid by applicant.
Filing Date: The application was filed on August 20, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
Keystone Omega Fund [File No. 811-1600]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about December 22, 1997, applicant
transferred its assets to Evergreen Omega Fund, a series of Evergreen
Equity Trust, based on net asset value. Expenses incurred in connection
with the reorganization were paid by applicant.
Filing Date: The application was filed on August 20, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
Ralph Parks Portfolios Trust [File No. 811-21845]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On June 29, 2009, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of $12,764 incurred in connection with the liquidation were
paid by applicant and Ralph Parks Investment Group, applicant's
investment adviser.
Filing Date: The application was filed on August 18, 2009.
Applicant's Address: Meadowgate Office Park, 101 Sully's Trail,
Bldg. 10, Pittsford, NY 14534.
Pioneer Independence Plans [File No. 811-8551]
Summary: Applicant, a unit investment trust, seeks an order
declaring that it has ceased to be an investment company. On June 22,
2007, applicant made a liquidating distribution to its planholders,
based on net asset value. Applicant incurred no expenses in connection
with the liquidation.
Filing Date: The application was filed on September 9, 2009.
Applicant's Address: 60 State St., Boston, MA 02109.
Pioneer Growth Shares [File No. 811-1604]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On December 7, 2007, applicant transferred
its assets to Pioneer Independence Fund, based on net asset value.
Expenses of approximately $221,761 incurred in connection with the
reorganization were paid by applicant, the acquiring fund, and Pioneer
Investment Management, Inc., applicant's investment adviser.
Filing Date: The application was filed on September 9, 2009.
Applicant's Address: 60 State St., Boston, MA 02109.
Keystone Strategic Development Fund [File No. 811-8694]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about December 22, 1997, applicant
transferred its assets to Evergreen Natural Resources Fund, a series of
Evergreen International Trust, based on net asset value. Expenses
incurred in connection with the reorganization were paid by applicant.
Filing Date: The application was filed on September 1, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
Keystone World Bond Fund [File No. 811-4830]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about July 31, 1997, applicant
transferred its assets to Keystone Strategic Income Fund, based on net
asset value. Expenses incurred in connection with the reorganization
were paid by applicant.
Filing Date: The application was filed on September 1, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
Keystone Strategic Growth Fund (K-2) [File No. 811-97]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about December 22, 1997, applicant
transferred its assets to Evergreen Strategic Growth Fund, a series of
Evergreen Equity Trust, based on net asset value. Expenses incurred in
connection with the reorganization were paid by applicant.
Filing Date: The application was filed on August 31, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
[[Page 50848]]
Keystone International Fund Inc. [File No. 811-1231]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about December 22, 1997, applicant
transferred its assets to Evergreen International Growth Fund, a series
of Evergreen International Trust, based on net asset value. Expenses
incurred in connection with the reorganization were paid by applicant.
Filing Date: The application was filed on August 17, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
Western Asset/Claymore U.S. Treasury Inflation Protected Securities
Fund 3 [File No. 811-21559]
Summary: Applicant, a closed-end investment company, 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 August 14, 2009.
Applicant's Address: 385 East Colorado Blvd., Pasadena, CA 91101.
Keystone Liquid Trust [File No. 811-2521]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about July 31, 1997, applicant
transferred its assets to Evergreen Money Market Fund, a series of
Evergreen Money Market Trust, based on net asset value. Expenses
incurred in connection with the reorganization were paid by applicant.
Filing Date: The application was filed on August 19, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
Keystone Strategic Income Fund [File No. 811-4947]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about December 22, 1997, applicant
transferred its assets to Evergreen Strategic Income Fund, a series of
Evergreen Fixed Income Trust, based on net asset value. Expenses
incurred in connection with the reorganization were paid by applicant.
Filing Date: The application was filed on August 20, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
Waddell & Reed Advisors Vanguard Fund, Inc. [File No. 811-1806]
Waddell & Reed Advisors International Growth Fund, Inc. [File No. 811-
2004]
Waddell & Reed Advisors Continental Income Fund, Inc. [File No. 811-
2008]
Waddell & Reed Advisors Retirement Shares, Inc. [File No. 811-2263]
Waddell & Reed Advisors Funds, Inc. [File No. 811-2552]
Waddell & Reed Advisors New Concepts Fund, Inc. [File No. 811-3695]
Waddell & Reed Advisors Asset Strategy Fund, Inc. [File No. 811-7217]
Waddell & Reed Advisors Tax-Managed Equity Fund, Inc. [File No. 811-
9789]
Waddell & Reed Advisors Select Funds, Inc. [File No. 811-10135]
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 $120,269, $62,712, $29,428,
$34,751, $584,038, $117,640, $192,396, $14,266 and $135,564,
respectively, incurred in connection with the reorganizations were paid
by each applicant.
Filing Date: The applications were filed on August 27, 2009.
Applicants' Address: 6300 Lamar Ave., Shawnee Mission, KS 66202-
4200.
Kayne Anderson Canadian Energy Income Fund, Inc. [File No. 811-21945]
Summary: Applicant, a closed-end investment company, 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 Dates: The application was filed on July 17, 2009, and
amended on September 2, 2009.
Applicant's Address: 717 Texas Ave., Suite 3100, Houston, TX 77002.
Keystone Emerging Markets Fund [File No. 811-7551]
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 Dates: The application was filed on July 28, 2009, and
amended on September 2, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
Keystone Balanced Fund II [File No. 811-7679]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On or about July 17, 1997, applicant
transferred its assets to Evergreen Foundation Trust, based on net
asset value. Expenses incurred in connection with the reorganization
were paid by applicant.
Filing Dates: The application was filed on July 27, 2009, and
amended on August 31, 2009.
Applicant's Address: 200 Berkeley St., Boston, MA 02116.
AIM Core Allocation Portfolio Series [File No. 811-21792]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Each series of applicant was liquidated at
net asset value through a series of shareholder redemptions that was
completed on February 26, 2009. Expenses of approximately $422 incurred
in connection with the liquidation were paid by Invesco Aim Advisors,
Inc., applicant's investment adviser.
Filing Dates: The application was filed on August 14, 2009, and
amended on September 17, 2009.
Applicant's Address: 11 Greenway Plaza, Suite 100, Houston, TX
77046-1173.
E*TRADE Funds [File No. 811-9093]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On March 30, 2009 and April 27, 2009,
applicant made liquidating distributions to its shareholders, based on
net asset value. Expenses of $50,000 incurred in connection with the
liquidation were paid by E*TRADE Asset Management, Inc., applicant's
investment adviser.
Filing Date: The application was filed on August 20, 2009.
Applicant's Address: 4500 Bohannon Dr., Menlo Park, CA 94025.
Servus Life Insurance Company Separate Account One [File No. 811-9031]
Servus Life Insurance Company Separate Account Two [File No. 811-9043]
Summary: Applicants seeks an order declaring that they have ceased
to be investment companies. Applicants request deregistration based on
abandonment of registration. Applicants have not commenced operations
and are not now engaged, or intending to engage, in any business
activities other than those necessary for winding up their affairs.
[[Page 50849]]
Filing Date: The applications were filed on July 23, 2009.
Applicants' Address: Seaview House, 70 Seaview Avenue, Stamford, CT
06902-6040.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-23669 Filed 9-30-09; 8:45 am]
BILLING CODE 8011-01-P
