Federal Salary Council; Meeting, 61404 [2013-24267]
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61404
Federal Register / Vol. 78, No. 192 / Thursday, October 3, 2013 / Notices
OFFICE OF PERSONNEL
MANAGEMENT
SECURITIES AND EXCHANGE
COMMISSION
Federal Salary Council; Meeting
[Release No. IC–30739; File No. 812–14061]
Office of Personnel
Management.
Stellus Capital Investment
Corporation, et al.; Notice of
Application
AGENCY:
ACTION:
Notice of meeting.
September 30, 2013.
The Federal Salary Council
will meet on November 5, 2013, at the
time and location shown below. The
Council is an advisory body composed
of representatives of Federal employee
organizations and experts in the fields
of labor relations and pay policy. The
Council makes recommendations to the
President’s Pay Agent (the Secretary of
Labor and the Directors of the Office of
Management and Budget and the Office
of Personnel Management) about the
locality pay program for General
Schedule employees under section 5304
of title 5, United States Code. The
Council’s recommendations cover the
establishment or modification of locality
pay areas, the coverage of salary
surveys, the process of comparing
Federal and non-Federal rates of pay,
and the level of comparability payments
that should be paid.
The Council will hear public
testimony about the locality pay
program, review the results of pay
comparisons, and formulate its
recommendations to the President’s Pay
Agent on pay comparison methods,
locality pay rates, and locality pay areas
and boundaries for 2015. The meeting is
open to the public. Please contact the
Office of Personnel Management at the
address shown below if you wish to
submit testimony or present material to
the Council at the meeting.
SUMMARY:
DATES:
November 5, 2013, at 9:00 a.m.
Location: Office of
Personnel Management, 1900 E Street
NW., Pendleton Room 5th Floor,
Washington, DC.
ADDRESSES:
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FOR FURTHER INFORMATION CONTACT:
Mark A. Allen, Acting Deputy Associate
Director, Pay and Leave, Office of
Personnel Management, 1900 E Street
NW., Room 7H31, Washington, DC
20415–8200. Phone (202) 606–2838;
FAX (202) 606–0824; or email at payleave-policy@opm.gov.
For The President’s Pay Agent.
Elaine Kaplan,
Acting Director.
[FR Doc. 2013–24267 Filed 10–2–13; 8:45 am]
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Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of application for an
order under section 57(a)(4) and 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.
AGENCY:
Applicants
request an order to permit a business
development company (‘‘BDC’’) to coinvest with certain affiliated investment
funds in portfolio companies.
APPLICANTS: Stellus Capital Investment
Corporation (the ‘‘Company’’), Stellus
Credit Fund I, LP (the ‘‘Existing Fund’’),
Stellus Credit Fund GP, LLC (the ‘‘Fund
GP’’) and Stellus Capital Management,
LLC (the ‘‘Adviser’’).
DATES: Filing Dates: The application
was filed on July 20, 2012, and amended
on January 10, 2013, May 22, 2013,
September 20, 2013, and September 26,
2013.
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 22, 2013 and
should be accompanied by proof of
service on applicants, 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
Commission’s Secretary.
ADDRESSES: Elizabeth M. Murphy,
Secretary, U.S. Securities and Exchange
Commission, 100 F St. NE., Washington,
DC 20549–1090. Applicants: Robert T.
Ladd, Stellus Capital Investment
Corporation, 4400 Post Oak Parkway,
Suite 2200, Houston, TX 77027.
FOR FURTHER INFORMATION CONTACT:
Barbara T. Heussler, Senior Counsel, at
(202) 551–6990, or Jennifer L. Sawin,
Branch Chief, at (202) 551–6821
(Exemptive Applications Office,
Division of Investment Management).
SUMMARY OF APPLICATION:
PO 00000
Frm 00084
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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 for 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
has elected to be regulated as a BDC
under the Act.1 The Company’s
investment objective is to maximize
total return to its stockholders in the
form of current income and capital
appreciation by primarily investing in
private middle-market companies
(typically with $5 million to $50 million
of EBITDA) through first lien, second
lien, unitranche and mezzanine debt
financing and corresponding equity
investments. The Company’s board of
directors currently consists of seven
members (the ‘‘Board’’), four of whom
are not ‘‘interested persons’’ of the
Company within the meaning of section
2(a)(19) of the Act (the ‘‘Independent
Directors’’).
2. The Adviser is registered as an
investment adviser under the
Investment Advisers Act of 1940 (the
‘‘Advisers Act’’). The Adviser serves as
investment adviser to the Company
pursuant to an investment advisory
agreement and also serves as investment
adviser to each Fund.2
3. The Existing Fund was formed as
a Delaware limited partnership. In
reliance on the exclusion from the
definition of ‘‘investment company’’
provided by section 3(c)(1) or 3(c)(7) of
the Act, none of the Funds will be
registered under the Act. The Existing
Fund and any Future Fund that coinvests with the Company has, or will
have, investment objectives and
strategies that are identical to the
Company’s Objectives and Strategies.3
SUPPLEMENTARY INFORMATION:
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.
2 ‘‘Fund’’ means (i) the Existing Fund and (ii) any
Future Fund. Future Fund means an entity (i)
whose investment adviser is the Adviser; and (ii)
that would be an investment company but for
section 3(c)(1) or 3(c)(7) of the Act.
3 ‘‘Objectives and Strategies’’ means the
Company’s investment objectives and strategies, as
described in the Company’s registration statement
on Form N–2, other filings the Company has made
with the Commission under the Securities Act of
1933, as amended (the ‘‘1933 Act’’) or under the
Securities Exchange Act of 1934, as amended, and
the Company’s reports to stockholders.
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[Federal Register Volume 78, Number 192 (Thursday, October 3, 2013)]
[Notices]
[Page 61404]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-24267]
[[Page 61404]]
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OFFICE OF PERSONNEL MANAGEMENT
Federal Salary Council; Meeting
AGENCY: Office of Personnel Management.
ACTION: Notice of meeting.
-----------------------------------------------------------------------
SUMMARY: The Federal Salary Council will meet on November 5, 2013, at
the time and location shown below. The Council is an advisory body
composed of representatives of Federal employee organizations and
experts in the fields of labor relations and pay policy. The Council
makes recommendations to the President's Pay Agent (the Secretary of
Labor and the Directors of the Office of Management and Budget and the
Office of Personnel Management) about the locality pay program for
General Schedule employees under section 5304 of title 5, United States
Code. The Council's recommendations cover the establishment or
modification of locality pay areas, the coverage of salary surveys, the
process of comparing Federal and non-Federal rates of pay, and the
level of comparability payments that should be paid.
The Council will hear public testimony about the locality pay
program, review the results of pay comparisons, and formulate its
recommendations to the President's Pay Agent on pay comparison methods,
locality pay rates, and locality pay areas and boundaries for 2015. The
meeting is open to the public. Please contact the Office of Personnel
Management at the address shown below if you wish to submit testimony
or present material to the Council at the meeting.
DATES: November 5, 2013, at 9:00 a.m.
ADDRESSES: Location: Office of Personnel Management, 1900 E Street NW.,
Pendleton Room 5th Floor, Washington, DC.
FOR FURTHER INFORMATION CONTACT: Mark A. Allen, Acting Deputy Associate
Director, Pay and Leave, Office of Personnel Management, 1900 E Street
NW., Room 7H31, Washington, DC 20415-8200. Phone (202) 606-2838; FAX
(202) 606-0824; or email at pay-leave-policy@opm.gov.
For The President's Pay Agent.
Elaine Kaplan,
Acting Director.
[FR Doc. 2013-24267 Filed 10-2-13; 8:45 am]
BILLING CODE 6325-39-P
