Notice of Applications For Deregistration Under Section 8(f) of the Investment Company Act of 1940, 1770-1772 [2016-32041]
Download as PDF
<![CDATA[
1770
Federal Register / Vol. 82, No. 4 / Friday, January 6, 2017 / Notices
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File No. SR–
NYSEMKT–2016–123 on the subject
line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
sradovich on DSK3GMQ082PROD with NOTICES
All submissions should refer to File No.
SR–NYSEMKT–2016–123. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE.,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change;
the Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File No. SR–NYSEMKT–
2016–123, and should be submitted on
or before January 27, 2017.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.18
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2016–32040 Filed 1–5–17; 8:45 am]
BILLING CODE 8011–01–P
18 17
CFR 200.30–3(a)(12).
VerDate Sep<11>2014
18:06 Jan 05, 2017
Jkt 241001
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–32407]
Notice of Applications For
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
December 30, 2016.
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of December
2016. 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
January 24, 2017, and should be
accompanied by proof of service on
applicants, in the form of an affidavit or,
for lawyers, a certificate of service.
Pursuant to Rule 0–5 under the Act,
hearing requests should state the nature
of the writer’s interest, any facts bearing
upon the desirability of a hearing on the
matter, 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.
ADDRESS: The Commission: Secretary,
U.S. Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
FOR FURTHER INFORMATION CONTACT:
Hae-Sung Lee, Attorney-Adviser, at
(202) 551–7345 or Chief Counsel’s
Office at (202) 551–6821; SEC, Division
of Investment Management, Chief
Counsel’s Office, 100 F Street NE.,
Washington, DC 20549–8010.
Davlin Philanthropic Funds [File No.
811–22178]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On September 30,
2016, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $5,159
incurred in connection with the
liquidation were paid by applicant’s
investment adviser.
Filing Date: The application was filed
on October 18, 2016.
PO 00000
Frm 00086
Fmt 4703
Sfmt 4703
Applicant’s Address: 44 River Road,
Suite A, Wayland, Massachusetts 01778.
AllianceBernstein Income Fund, Inc.
[File No. 811–05207]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. Applicant has
transferred its assets to AB Income
Fund, a series of AB Bond Fund, Inc.,
and, on April 22, 2016, made a final
distribution to its shareholders based on
net asset value. Expenses of $723,279
incurred in connection with the
reorganization were paid by applicant
and applicant’s investment adviser.
Filing Date: The application was filed
on November 18, 2016.
Applicant’s Address: 1345 Avenue of
the Americas, New York, NY 10105.
Destra Investment Trust II [File No.
811–22523]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Applicant has
transferred its assets to Destra
Investment Trust, and, on September 30,
2016, made a final distribution to its
shareholders based on net asset value.
Expenses of $32,000 incurred in
connection with the reorganization were
paid by applicant’s investment adviser.
Filing Date: The application was filed
on November 22, 2016.
Applicant’s Address: One North
Wacker Drive, 48th Floor, Chicago, IL
60606.
Realty Capital Income Funds Trust
[File No. 811–22785]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Applicant has
transferred its assets to SCM Trust, and,
on November 7, 2016, made a final
distribution to its shareholders based on
net asset value. Expenses of $82,000
incurred in connection with the
reorganization were paid by applicant’s
investment adviser.
Filing Date: The application was filed
on November 22, 2016.
Applicant’s Address: 405 Park
Avenue, 14th Floor, New York, NY
10022.
AIP Series Trust [File No. 811–22789]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On May 25, 2016,
applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of $9,264
incurred in connection with the
liquidation were paid by applicant.
Filing Dates: The application was
filed on October 28, 2016, and amended
on November 28, 2016.
E:\FR\FM\06JAN1.SGM
06JAN1
Federal Register / Vol. 82, No. 4 / Friday, January 6, 2017 / Notices
Applicant’s Address: c/o Morgan
Stanley AIP GP LP, 522 Fifth Avenue,
New York, New York 10036.
Montgomery Street Income Securities,
Inc. [File No. 811–02340]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On December 29,
2015 applicant made a liquidating
distribution to its transfer agent, based
on net asset value. The applicant’s
transfer agent began making liquidating
distributions to shareholders on January
4, 2016 and will continue to make
liquidating distributions to shareholders
pursuant to a Plan of Dissolution and
Liquidation. If the applicant’s transfer
agent is unable to make a distribution
due to inability to locate shareholders to
whom distributions are payable, the
transfer agent will manage the
distributions in accordance with
applicable abandoned property laws.
Expenses of $347,689 incurred in
connection with the liquidation were
paid by applicant.
Filing Dates: The application was
filed on November 1, 2016, and
amended on November 28, 2016.
Applicant’s Address: c/o Atlantic
Fund Administration, LLC, Three Canal
Plaza, Suite 600, Portland, Maine 04101.
Stralem Fund [File No. 811–01920]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to a corresponding
series of Ultimus Managers Trust and,
on October 14, 2016, made a final
distribution to its shareholders based on
net asset value. Expenses of $110,700
incurred in connection with the
reorganization were paid by applicant’s
investment adviser.
Filing Dates: The application was
filed on October 28, 2016, and amended
on November 28, 2016.
Applicant’s Address: 225 Pictoria
Drive, Suite 450, Cincinnati, Ohio
45246.
sradovich on DSK3GMQ082PROD with NOTICES
First Trust Dividend & Income Fund
[File No. 811–22080]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to First Trust High
Income ETF, a series of First Trust
Exchange-Traded Fund VI, and, on
October 21, 2016, made a final
distribution to its shareholders based on
net asset value. Expenses of $375,115
incurred in connection with the
reorganization were paid by applicant,
VerDate Sep<11>2014
18:06 Jan 05, 2017
Jkt 241001
applicant’s investment adviser, and the
acquiring fund.
Filing Dates: The application was
filed on October 31, 2016, and amended
on November 30, 2016.
Applicant’s Address: 120 East Liberty
Drive, Suite 400, Wheaton, Illinois
60187.
BPV Family of Funds [File No. 811–
22588]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On August 29,
2016, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of
approximately $118,949 incurred in
connection with the liquidation were
paid by applicant.
Filing Date: The application was filed
on December 1, 2016.
Applicant’s Address: c/o BPV Capital
Management, LLC, 9202 Northshore Dr.,
Suite 300, Knoxville, Tennessee 37922.
Western Asset Emerging Markets
Income Fund Inc. [File No. 811–07066]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to Western Asset
Emerging Markets Income Fund Inc.
and, on October 31, 2008, made a final
distribution to its shareholders based on
net asset value. Expenses of $105,000
incurred in connection with the
reorganization were paid by applicant,
Legg Mason, Inc., and the acquiring
fund.
Filing Dates: The application was
filed on October 21, 2016, and amended
on December 7, 2016.
Applicant’s Address: 55 Water Street,
New York, New York 10041.
Western Asset Emerging Markets
Floating Rate Fund Inc. [File No. 811–
08338]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to Western Asset
Emerging Markets Debt Fund Inc. and,
on September 14, 2009, made a final
distribution to its shareholders based on
net asset value. Expenses of $105,000
incurred in connection with the
reorganization were paid by applicant,
Legg Mason, Inc., and the acquiring
fund.
Filing Dates: The application was
filed on October 21, 2016, and amended
on December 7, 2016.
Applicant’s Address: 55 Water Street,
New York, New York 10041.
PO 00000
Frm 00087
Fmt 4703
Sfmt 4703
1771
Western Asset High Income Fund Inc.
[File No. 811–07162]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to Western Asset
High Income Opportunity Fund Inc.
and, on June 24, 2013, made a final
distribution to its shareholders based on
net asset value. Expenses of $176,000
incurred in connection with the
reorganization were paid by applicant
and applicant’s investment adviser.
Filing Dates: The application was
filed on October 21, 2016, and amended
on December 7, 2016.
Applicant’s Address: 620 Eighth
Avenue, 49th Floor, New York, New
York 10018.
Western Asset Municipal Partners Fund
II Inc. [File No. 811–07812]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to Western Asset
Municipal Partners Fund Inc. and, on
June 23, 2007, made a final distribution
to its shareholders based on net asset
value. Expenses of $195,000 incurred in
connection with the reorganization were
paid by applicant and the acquiring
fund.
Filing Dates: The application was
filed on October 21, 2016, and amended
on December 7, 2016.
Applicant’s Address: 125 Broad
Street, New York, New York 10004.
Westport Funds [File No. 811–08359]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Applicant has
transferred its assets to Hennessy
Cornerstone Mid Cap 30 Fund, a series
of Hennessy Funds Trust, and, on
September 22, 2016, made a final
distribution to its shareholders based on
net asset value. Expenses of
approximately $380,873 incurred in
connection with the reorganization were
paid by applicant’s investment adviser
and the acquiring fund’s investment
adviser.
Filing Dates: The application was
filed on November 10, 2016, and
amended on December 14, 2016.
Applicant’s Address: 253 Riverside
Avenue, Westport, Connecticut 06880.
City National Rochdale International
Trade Fixed Income Fund [File No.
811–22552]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On November 18,
E:\FR\FM\06JAN1.SGM
06JAN1
1772
Federal Register / Vol. 82, No. 4 / Friday, January 6, 2017 / Notices
2016, applicant made a final liquidating
distribution to its shareholders, based
on net asset value. Expenses of $33,332
incurred in connection with the
liquidation were paid by applicant.
Filing Dates: The application was
filed on December 23, 2014, and
amended on December 7, 2016 and
December 22, 2016.
Applicant’s Address: 400 Park
Avenue, New York, New York 10022.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2016–32041 Filed 1–5–17; 8:45 am]
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79713; File No. SR–
NYSEARCA–2016–166]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Amending NYSE Arca
Equities Rule 7.35(d)(4)
December 30, 2016.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on December
16, 2016, NYSE Arca, Inc. (the
‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with
the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I and II below, which Items have
been prepared by the self-regulatory
organization. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
sradovich on DSK3GMQ082PROD with NOTICES
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
NYSE Arca Equities Rule 7.35(d)(4) to
provide that the Exchange would not
report an Official Closing Price, as
defined under NYSE Arca Equities Rule
1.1(gg)(1), if there were no consolidated
last-sale eligible trades on a trading day.
The proposed rule change is available
on the Exchange’s Web site at
www.nyse.com, at the principal office of
the Exchange, and at the Commission’s
Public Reference Room.
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
VerDate Sep<11>2014
18:06 Jan 05, 2017
Jkt 241001
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
self-regulatory organization included
statements concerning the purpose of,
and basis for, the proposed rule change
and discussed any comments it received
on the proposed rule change. The text
of those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in sections A, B, and C below,
of the most significant parts of such
statements.
1. Purpose
The Exchange proposes to amend
NYSE Arca Equities Rule 7.35(d)(4) to
provide that the Exchange would not
report an Official Closing Price, as
defined under NYSE Arca Equities Rule
1.1(gg)(1), if there were no consolidated
last-sale eligible trades on a trading day.
This proposed rule change would not
change how the Official Closing Price
would be determined and disseminated
if the Exchange is unable to conduct a
closing transaction in one or more
securities due to a systems or technical
issue, as described in NYSE Arca
Equities Rules 1.1(gg)(2)–(4).
The Exchange reports an Official
Closing Price to the securities
information processor (‘‘SIP’’) as an ‘‘M’’
sale condition.4 As set forth in the SIP
Specifications, a price reported to the
SIP by an exchange under the ‘‘M’’ sale
condition, which is called the ‘‘Market
Center Official Close,’’ is not used for
purposes of determining a consolidated
last sale price or the high or low price
of a security and does not include any
volume information. Each exchange
determines what price could be reported
to the SIP as its ‘‘Market Center Official
Close.’’ As provided for in Rule
4 For a description of all sale conditions that are
reportable to the SIP, including the ‘‘M’’ and ‘‘6’’
sale conditions, see the Consolidated Tape System
Participant Communications Interface
Specification, dated September 15, 2016, at 87,
available here: https://www.ctaplan.com/
publicdocs/ctaplan/notifications/trader-update/cts_
input_spec.pdf, and the UTP Plan Trade Data Feed
Direct Subscriber Interface Specification, dated
November 2015, at 7–3, available here: https://
www.utpplan.com/DOC/utdfspecification.pdf
(together, ‘‘SIP Specifications’’). A trade reported to
the SIP as a Market Center Closing Trade with a ‘‘6’’
sale condition includes volume information, is
included in the consolidated last sale, and is
included in the high or low price of a security. The
Exchange reports to the SIP closing auction trades
of a round lot or more with a ‘‘6’’ sale condition.
PO 00000
Frm 00088
Fmt 4703
Sfmt 4703
7.35(d)(4), the Exchange publishes an
Official Closing Price for all securities
that trade on the NYSE Arca
Marketplace. The term ‘‘Official Closing
Price’’ is defined in Rule 1.1(gg).
The Exchange is proposing to amend
NYSE Arca Equities Rule 7.35(d)(4) to
provide that an Official Closing Price, as
defined in NYSE Arca Equities Rule
1.1(gg)(1), would not be reported for a
security if there were no consolidated
last-sale eligible trades in such security
on a trading day.5 The Exchange does
not believe that it should publish an
Official Closing Price to the SIP as an
‘‘M’’ value if there has not been a
consolidated last-sale eligible trade in a
security on a trading day. For example,
based on feedback from industry
participants, the Exchange understands
that certain market participants, such as
index providers and mutual funds,
follow a different method of
determining a security’s closing price
when there have not been any last-sale
eligible trades on a trading day. Under
these circumstances, the Exchange
understands that an Official Closing
Price reported to the SIP as an ‘‘M’’ sale
condition that differs from how an
industry market participant may
determine such value for its own
purposes could lead to confusion if a
market participant’s systems read the
‘‘M’’ value published by the SIP that
differs from their calculation.
Accordingly, this proposed rule
change is intended to amend NYSE Arca
Equities Rule 7.35(d)(4) to provide that
the Exchange would not report an
Official Closing Price, as defined in Rule
1.1(gg)(1), in a security as an ‘‘M’’ sale
condition to the SIP if there were no
consolidated last-sale eligible trades in
such security on a trading day. And, as
noted above, this proposed rule change
would not alter how the Official Closing
Price would be disseminated under
NYSE Arca Equities Rules 1.1(gg)(2)–(4).
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
Section 6(b) of the Act,6 in general, and
furthers the objectives of Section 6(b)(5)
of the Act,7 in particular, in that it is
designed to prevent fraudulent and
manipulative acts and practices, to
promote just and equitable principles of
trade, to foster cooperation and
coordination with persons engaged in
5 The Exchange also proposes to amend NYSE
Arca Equities Rule 7.35(d)(4) to provide that the
Exchange would ‘‘report’’ an Official Closing Price,
rather than ‘‘publish’’ an ‘‘Official Closing Price,’’
because the SIP, and not the Exchange, publishes
the Official Closing Price.
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(5).
E:\FR\FM\06JAN1.SGM
06JAN1
]]>Agencies
[Federal Register Volume 82, Number 4 (Friday, January 6, 2017)]
[Notices]
[Pages 1770-1772]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-32041]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-32407]
Notice of Applications For Deregistration Under Section 8(f) of
the Investment Company Act of 1940
December 30, 2016.
The following is a notice of applications for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
December 2016. 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 January 24, 2017, and
should be accompanied by proof of service on applicants, in the form of
an affidavit or, for lawyers, a certificate of service. Pursuant to
Rule 0-5 under the Act, hearing requests should state the nature of the
writer's interest, any facts bearing upon the desirability of a hearing
on the matter, 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.
Address: The Commission: Secretary, U.S. Securities and Exchange
Commission, 100 F Street NE., Washington, DC 20549-1090.
For Further Information Contact: Hae-Sung Lee, Attorney-Adviser, at
(202) 551-7345 or Chief Counsel's Office at (202) 551-6821; SEC,
Division of Investment Management, Chief Counsel's Office, 100 F Street
NE., Washington, DC 20549-8010.
Davlin Philanthropic Funds [File No. 811-22178]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On September 30, 2016, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of $5,159 incurred in connection with the liquidation were
paid by applicant's investment adviser.
Filing Date: The application was filed on October 18, 2016.
Applicant's Address: 44 River Road, Suite A, Wayland, Massachusetts
01778.
AllianceBernstein Income Fund, Inc. [File No. 811-05207]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. Applicant has
transferred its assets to AB Income Fund, a series of AB Bond Fund,
Inc., and, on April 22, 2016, made a final distribution to its
shareholders based on net asset value. Expenses of $723,279 incurred in
connection with the reorganization were paid by applicant and
applicant's investment adviser.
Filing Date: The application was filed on November 18, 2016.
Applicant's Address: 1345 Avenue of the Americas, New York, NY
10105.
Destra Investment Trust II [File No. 811-22523]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant has transferred its assets to
Destra Investment Trust, and, on September 30, 2016, made a final
distribution to its shareholders based on net asset value. Expenses of
$32,000 incurred in connection with the reorganization were paid by
applicant's investment adviser.
Filing Date: The application was filed on November 22, 2016.
Applicant's Address: One North Wacker Drive, 48th Floor, Chicago,
IL 60606.
Realty Capital Income Funds Trust [File No. 811-22785]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant has transferred its assets to SCM
Trust, and, on November 7, 2016, made a final distribution to its
shareholders based on net asset value. Expenses of $82,000 incurred in
connection with the reorganization were paid by applicant's investment
adviser.
Filing Date: The application was filed on November 22, 2016.
Applicant's Address: 405 Park Avenue, 14th Floor, New York, NY
10022.
AIP Series Trust [File No. 811-22789]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On May 25, 2016, applicant made a liquidating
distribution to its shareholders, based on net asset value. Expenses of
$9,264 incurred in connection with the liquidation were paid by
applicant.
Filing Dates: The application was filed on October 28, 2016, and
amended on November 28, 2016.
[[Page 1771]]
Applicant's Address: c/o Morgan Stanley AIP GP LP, 522 Fifth
Avenue, New York, New York 10036.
Montgomery Street Income Securities, Inc. [File No. 811-02340]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On December
29, 2015 applicant made a liquidating distribution to its transfer
agent, based on net asset value. The applicant's transfer agent began
making liquidating distributions to shareholders on January 4, 2016 and
will continue to make liquidating distributions to shareholders
pursuant to a Plan of Dissolution and Liquidation. If the applicant's
transfer agent is unable to make a distribution due to inability to
locate shareholders to whom distributions are payable, the transfer
agent will manage the distributions in accordance with applicable
abandoned property laws. Expenses of $347,689 incurred in connection
with the liquidation were paid by applicant.
Filing Dates: The application was filed on November 1, 2016, and
amended on November 28, 2016.
Applicant's Address: c/o Atlantic Fund Administration, LLC, Three
Canal Plaza, Suite 600, Portland, Maine 04101.
Stralem Fund [File No. 811-01920]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. The applicant has transferred its assets to a
corresponding series of Ultimus Managers Trust and, on October 14,
2016, made a final distribution to its shareholders based on net asset
value. Expenses of $110,700 incurred in connection with the
reorganization were paid by applicant's investment adviser.
Filing Dates: The application was filed on October 28, 2016, and
amended on November 28, 2016.
Applicant's Address: 225 Pictoria Drive, Suite 450, Cincinnati,
Ohio 45246.
First Trust Dividend & Income Fund [File No. 811-22080]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. The applicant
has transferred its assets to First Trust High Income ETF, a series of
First Trust Exchange-Traded Fund VI, and, on October 21, 2016, made a
final distribution to its shareholders based on net asset value.
Expenses of $375,115 incurred in connection with the reorganization
were paid by applicant, applicant's investment adviser, and the
acquiring fund.
Filing Dates: The application was filed on October 31, 2016, and
amended on November 30, 2016.
Applicant's Address: 120 East Liberty Drive, Suite 400, Wheaton,
Illinois 60187.
BPV Family of Funds [File No. 811-22588]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On August 29, 2016, applicant made a
liquidating distribution to its shareholders, based on net asset value.
Expenses of approximately $118,949 incurred in connection with the
liquidation were paid by applicant.
Filing Date: The application was filed on December 1, 2016.
Applicant's Address: c/o BPV Capital Management, LLC, 9202
Northshore Dr., Suite 300, Knoxville, Tennessee 37922.
Western Asset Emerging Markets Income Fund Inc. [File No. 811-07066]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. The applicant
has transferred its assets to Western Asset Emerging Markets Income
Fund Inc. and, on October 31, 2008, made a final distribution to its
shareholders based on net asset value. Expenses of $105,000 incurred in
connection with the reorganization were paid by applicant, Legg Mason,
Inc., and the acquiring fund.
Filing Dates: The application was filed on October 21, 2016, and
amended on December 7, 2016.
Applicant's Address: 55 Water Street, New York, New York 10041.
Western Asset Emerging Markets Floating Rate Fund Inc. [File No. 811-
08338]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. The applicant
has transferred its assets to Western Asset Emerging Markets Debt Fund
Inc. and, on September 14, 2009, made a final distribution to its
shareholders based on net asset value. Expenses of $105,000 incurred in
connection with the reorganization were paid by applicant, Legg Mason,
Inc., and the acquiring fund.
Filing Dates: The application was filed on October 21, 2016, and
amended on December 7, 2016.
Applicant's Address: 55 Water Street, New York, New York 10041.
Western Asset High Income Fund Inc. [File No. 811-07162]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. The applicant
has transferred its assets to Western Asset High Income Opportunity
Fund Inc. and, on June 24, 2013, made a final distribution to its
shareholders based on net asset value. Expenses of $176,000 incurred in
connection with the reorganization were paid by applicant and
applicant's investment adviser.
Filing Dates: The application was filed on October 21, 2016, and
amended on December 7, 2016.
Applicant's Address: 620 Eighth Avenue, 49th Floor, New York, New
York 10018.
Western Asset Municipal Partners Fund II Inc. [File No. 811-07812]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. The applicant
has transferred its assets to Western Asset Municipal Partners Fund
Inc. and, on June 23, 2007, made a final distribution to its
shareholders based on net asset value. Expenses of $195,000 incurred in
connection with the reorganization were paid by applicant and the
acquiring fund.
Filing Dates: The application was filed on October 21, 2016, and
amended on December 7, 2016.
Applicant's Address: 125 Broad Street, New York, New York 10004.
Westport Funds [File No. 811-08359]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. Applicant has transferred its assets to
Hennessy Cornerstone Mid Cap 30 Fund, a series of Hennessy Funds Trust,
and, on September 22, 2016, made a final distribution to its
shareholders based on net asset value. Expenses of approximately
$380,873 incurred in connection with the reorganization were paid by
applicant's investment adviser and the acquiring fund's investment
adviser.
Filing Dates: The application was filed on November 10, 2016, and
amended on December 14, 2016.
Applicant's Address: 253 Riverside Avenue, Westport, Connecticut
06880.
City National Rochdale International Trade Fixed Income Fund [File No.
811-22552]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On November
18,
[[Page 1772]]
2016, applicant made a final liquidating distribution to its
shareholders, based on net asset value. Expenses of $33,332 incurred in
connection with the liquidation were paid by applicant.
Filing Dates: The application was filed on December 23, 2014, and
amended on December 7, 2016 and December 22, 2016.
Applicant's Address: 400 Park Avenue, New York, New York 10022.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2016-32041 Filed 1-5-17; 8:45 am]
BILLING CODE 8011-01-P
