Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 73064-73065 [2012-29570]
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Federal Register / Vol. 77, No. 236 / Friday, December 7, 2012 / Notices
The estimated total annual burden is
being increased from 395,779 hours to
517,228 hours. This net increase is
attributable to a combination of factors,
including a decrease in the number of
money market funds and fund
complexes, and updated information
from money market funds regarding
hourly burdens, including revised staff
estimates of the burden hours required
to comply with rule 2a–7 as a result of
new information received from
surveyed fund representatives.
These estimates of burden hours are
made solely for the purposes of the
Paperwork Reduction Act. The
estimates are not derived from a
comprehensive or even a representative
survey or study of Commission rules.
Commission staff estimates that in
addition to the costs described above,
money market funds will incur costs to
preserve records, as required under rule
2a–7. These costs will vary significantly
for individual funds, depending on the
amount of assets under fund
management and whether the fund
preserves its records in a storage facility
in hard copy or has developed and
maintains a computer system to create
and preserve compliance records.
Commission staff estimates that the
amount an individual fund may spend
ranges from $100 per year to $300,000.
Based on a cost of $0.0051295 per dollar
of assets under management for small
funds, $0.0005041 per dollar assets
under management for medium funds,
and $0.0000009 per dollar of assets
under management for large funds, the
staff estimates compliance with the
record storage requirements of rule
2a–7 costs the fund industry
approximately $57.3 million per year.
Based on responses from individuals in
the money market fund industry, the
staff estimates that some of the largest
fund complexes have created computer
programs for maintaining and
preserving compliance records for rule
2a–7. Based on a cost of $0.0000132 per
dollar of assets under management for
large funds, the staff estimates that total
annualized capital/startup costs range
from $0 for small funds to $35.6 million
for all large funds. Commission staff
further estimates that, even absent the
requirements of rule 2a–7, money
market funds would spend at least half
of the amount for capital costs ($17.8
million) and for record preservation
($28.65 million) to establish and
maintain these records and the systems
for preserving them as a part of sound
business practices to ensure
diversification and minimal credit risk
in a portfolio for a fund that seeks to
maintain a stable price per share.
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The collections of information
required by rule 2a–7 are necessary to
obtain the benefits described above.
Notices to the Commission will not be
kept confidential. An agency may not
conduct or sponsor, and a person is not
required to respond to, a collection of
information unless it displays a
currently valid control number.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
Please direct your written comments
to Thomas Bayer, Chief Information
Officer, Securities and Exchange
Commission, c/o Remi Pavlik-Simon,
6432 General Green Way, Alexandria,
VA 22312; or send an email to:
PRA_Mailbox@sec.gov.
Dated: December 3, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–29571 Filed 12–6–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–30287]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
November 30, 2012.
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of November
2012. A copy of each application may be
obtained via the Commission’s Web site
by searching for the file number, or for
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
PO 00000
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copy of the request, personally or by
mail. Hearing requests should be
received by the SEC by 5:30 p.m. on
December 26, 2012, 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 20549–8010.
Triangle Fund LLC [File No. 811–22637]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On August 31,
2012, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of
approximately $101,533 incurred in
connection with the liquidation were
paid by applicant.
Filing Dates: The application was
filed on September 18, 2012 and
amended on October 19, 2012,
November 7, 2012 and November 27,
2012.
Applicant’s Address: 745 Seventh
Ave., New York, NY 10019.
del Ray Global Investors Funds [File
No. 811–22434]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On September 7,
2012 and September 10, 2012, applicant
made liquidating distributions to its
shareholders, based on net asset value.
Expenses of $23,100 incurred in
connection with the liquidation were
paid by applicant and del Ray Global
Investors, LLC, applicant’s investment
adviser. Applicant has retained
approximately $46,441 in cash to cover
expenses accrued but not yet invoiced.
Filing Date: The application was filed
on October 31, 2012.
Applicant’s Address: 6701 Center
Drive West, Suite 655, Los Angeles, CA
90045.
Kayne Anderson Energy/Infrastructure
Fund, Inc. [File No. 811–22065]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On December 31,
2007, applicant made a liquidating
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Federal Register / Vol. 77, No. 236 / Friday, December 7, 2012 / Notices
distribution to its shareholders, based
on net asset value. Expenses of $3,500
incurred in connection with the
liquidation were paid by KA Fund
Advisors, LLC, applicant’s investment
adviser.
Filing Dates: The application was
filed on September 18, 2012, and
amended on October 9, 2012 and
November 20, 2012.
Applicant’s Address: 717 Texas Ave.,
Suite 3100, Houston, TX 77002.
Defined Asset Funds Corporate Income
Fund 10th Insured Series [File No. 811–
2295]; Uncommon Values Unit Trust
1985 Series & Subsequent & Similar
Series [File No. 811–4281]; Penn State
Tax Exempt Investment Trust Series 1
[File No. 811–2787]; Shearson Lehman
Brothers Unit Trusts High Yield
Municipal Series 1 [File No. 811–5208];
Equity Opportunity Trust Growth Stock
Series 1 [File No. 811–3722]
Summary: Each applicant, a unit
investment trust, seeks an order
declaring that it has ceased to be an
investment company. On January 26,
2010, June 6, 2009, July 8, 2010, June
13, 2011 and August 30, 2011,
respectively, each applicant made a
liquidating distribution to its unit
holders, based on net asset value.
Applicants’ incurred no expenses in
connection with the liquidations.
Filing Dates: The applications were
filed on September 5, 2012 and
amended on November 20, 2012.
Applicants’ Address: 18925 Base
Camp Rd., Suite 203, Monument, CO
80132.
tkelley on DSK3SPTVN1PROD with
Hatteras Sector Select Fund [File No.
811–22614]; Hatteras Sector Select
Institutional Fund [File No. 811–22615]
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
engage in business of any kind.
Filing Dates: The applications were
filed on August 21, 2012 and amended
on November 15, 2012.
Applicant’s Address: 8540 Colonnade
Center Dr., Suite 401, Raleigh, NC
27615.
Genworth Variable Insurance Trust
[File No. 811–22205]
Summary: Applicant, an open-end
management company, seeks an order
declaring that it has ceased to be an
investment company. As of January 27,
2012, pursuant to a plan of substitution,
applicant’s shareholders tendered their
shares for redemption, based on net
asset value. Expenses of $217,001
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incurred in connection with the
liquidation were paid by Genworth
Financial Wealth Management, Inc., and
later reimbursed by the sponsor of the
substituting portfolios.
Filing Dates: The application was
filed on September 25, 2012, and
amended on October 23, 2012.
Applicant’s Address: 2300 Contra
Costa Boulevard, Suite 600, Pleasant
Hill, CA 94523.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–29570 Filed 12–6–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–30290]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
December 4, 2012.
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940. A copy of each application
may be obtained via the Commission’s
Web site by searching for the file
number, or for 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
December 26, 2012, 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 20549–8010.
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73065
EM Capital Management, LLC [File No.
811–22687]; Global Investor Trust [File
No. 811–22694]
Summary: Each applicant 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. EM Capital
Management, LLC represents that it
filed to register as an investment
company in error and that it is not, and
does not intend to operate as, an
investment company. EM Capital
Management, LLC will continue to
operate as an investment adviser. Global
Investor Trust will continue to operate
as a private investment fund in reliance
on section 3(c)(1) or 3(c)(7) of the Act.
Filing Dates: The applications were
filed on October 31, 2012. Global
Investor Trust filed an amended
application on November 30, 2012. EM
Capital Management, LLC filed
amended applications on December 3,
2012 and December 4, 2012.
Applicants’ Address: 920 Country
Club Dr., Suite 1E, Moraga, CA 94556.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2012–29624 Filed 12–6–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–68341; File No.10–207]
In the Matter of the Application of
Miami International Securities
Exchange, LLC for Registration as a
National Securities Exchange:
Findings, Opinion, and Order of the
Commission
December 3, 2012.
I. Introduction
On April 26, 2012, Miami
International Securities Exchange, LLC
(‘‘MIAX Exchange’’ or ‘‘MIAX’’)
submitted to the Securities and
Exchange Commission (‘‘Commission’’)
an Application for Registration as a
National Securities Exchange (‘‘Form 1
Application’’) under Section 6 of the
Securities Exchange Act of 1934
(‘‘Act’’).1 Notice of MIAX’s Form 1
Application was published for comment
in the Federal Register on August 20,
2012.2 The Commission received two
1 15
U.S.C. 78f.
Securities Exchange Act Release No. 67660
(August 15, 2012), 77 FR 50814 (‘‘Notice’’).
2 See
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]]>Agencies
[Federal Register Volume 77, Number 236 (Friday, December 7, 2012)]
[Notices]
[Pages 73064-73065]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-29570]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-30287]
Notice of Applications for Deregistration Under Section 8(f) of
the Investment Company Act of 1940
November 30, 2012.
The following is a notice of applications for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
November 2012. A copy of each application may be obtained via the
Commission's Web site by searching for the file number, or for 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 December 26, 2012, 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 20549-8010.
Triangle Fund LLC [File No. 811-22637]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On August 31,
2012, applicant made a liquidating distribution to its shareholders,
based on net asset value. Expenses of approximately $101,533 incurred
in connection with the liquidation were paid by applicant.
Filing Dates: The application was filed on September 18, 2012 and
amended on October 19, 2012, November 7, 2012 and November 27, 2012.
Applicant's Address: 745 Seventh Ave., New York, NY 10019.
del Ray Global Investors Funds [File No. 811-22434]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On September 7, 2012 and September 10, 2012,
applicant made liquidating distributions to its shareholders, based on
net asset value. Expenses of $23,100 incurred in connection with the
liquidation were paid by applicant and del Ray Global Investors, LLC,
applicant's investment adviser. Applicant has retained approximately
$46,441 in cash to cover expenses accrued but not yet invoiced.
Filing Date: The application was filed on October 31, 2012.
Applicant's Address: 6701 Center Drive West, Suite 655, Los
Angeles, CA 90045.
Kayne Anderson Energy/Infrastructure Fund, Inc. [File No. 811-22065]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On December
31, 2007, applicant made a liquidating
[[Page 73065]]
distribution to its shareholders, based on net asset value. Expenses of
$3,500 incurred in connection with the liquidation were paid by KA Fund
Advisors, LLC, applicant's investment adviser.
Filing Dates: The application was filed on September 18, 2012, and
amended on October 9, 2012 and November 20, 2012.
Applicant's Address: 717 Texas Ave., Suite 3100, Houston, TX 77002.
Defined Asset Funds Corporate Income Fund 10th Insured Series [File No.
811-2295]; Uncommon Values Unit Trust 1985 Series & Subsequent &
Similar Series [File No. 811-4281]; Penn State Tax Exempt Investment
Trust Series 1 [File No. 811-2787]; Shearson Lehman Brothers Unit
Trusts High Yield Municipal Series 1 [File No. 811-5208]; Equity
Opportunity Trust Growth Stock Series 1 [File No. 811-3722]
Summary: Each applicant, a unit investment trust, seeks an order
declaring that it has ceased to be an investment company. On January
26, 2010, June 6, 2009, July 8, 2010, June 13, 2011 and August 30,
2011, respectively, each applicant made a liquidating distribution to
its unit holders, based on net asset value. Applicants' incurred no
expenses in connection with the liquidations.
Filing Dates: The applications were filed on September 5, 2012 and
amended on November 20, 2012.
Applicants' Address: 18925 Base Camp Rd., Suite 203, Monument, CO
80132.
Hatteras Sector Select Fund [File No. 811-22614]; Hatteras Sector
Select Institutional Fund [File No. 811-22615]
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 engage in business of any kind.
Filing Dates: The applications were filed on August 21, 2012 and
amended on November 15, 2012.
Applicant's Address: 8540 Colonnade Center Dr., Suite 401, Raleigh,
NC 27615.
Genworth Variable Insurance Trust [File No. 811-22205]
Summary: Applicant, an open-end management company, seeks an order
declaring that it has ceased to be an investment company. As of January
27, 2012, pursuant to a plan of substitution, applicant's shareholders
tendered their shares for redemption, based on net asset value.
Expenses of $217,001 incurred in connection with the liquidation were
paid by Genworth Financial Wealth Management, Inc., and later
reimbursed by the sponsor of the substituting portfolios.
Filing Dates: The application was filed on September 25, 2012, and
amended on October 23, 2012.
Applicant's Address: 2300 Contra Costa Boulevard, Suite 600,
Pleasant Hill, CA 94523.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-29570 Filed 12-6-12; 8:45 am]
BILLING CODE 8011-01-P
