Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940, 46983-46984 [2019-19211]
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Federal Register / Vol. 84, No. 173 / Friday, September 6, 2019 / Notices
required to register only because they
effect transactions in securities futures
products.
The information obtained from Rule
17a–13 is used as an inventory control
device to monitor a broker-dealer’s
ability to account for all securities held
in transfer, in transit, pledged, loaned,
borrowed, deposited, or otherwise
subject to the firm’s control or direction.
Discrepancies between the securities
counts and the broker-dealer’s records
alert the Commission and applicable
self-regulatory organizations (‘‘SROs’’)
to those firms experiencing back-office
operational issues.
As of June 30, 2019, there are
approximately 3,744 broker-dealers
registered with the Commission.
However, given the variability in their
businesses, it is difficult to quantify
how many hours per year each brokerdealer spends complying with Rule
17a–13. As noted, Rule 17a–13 requires
a respondent to account for all securities
in its possession or subject to its control
or direction. Many respondents hold
few, if any, securities; while others hold
large quantities. Therefore, the time
burden of complying with Rule 17a–13
will depend on respondent-specific
factors, including a broker-dealer’s size,
number of customers, and proprietary
trading activity. The staff estimates that
the average time spent per respondent is
100 hours per year on an ongoing basis
to maintain the records required under
Rule 17a–13. This estimate takes into
account the fact that more than half of
the 3,744 respondents—according to
financial reports filed with the
Commission—may spend little or no
time complying with the rule, given that
they do not do a public securities
business or do not hold inventories of
securities. For these reasons, the staff
estimates that the total compliance
burden per year is 374,400 hours (3,744
respondents × 100 hours/respondent).
The records required to be made by
Rule 17a–13 are available only to
Commission examination staff, state
securities authorities, and applicable
SROs. Subject to the provisions of the
Freedom of Information Act, 5 U.S.C.
522, and the Commission’s rules
thereunder (17 CFR 200.80(b)(4)(iii)),
the Commission does not generally
publish or make available information
contained in any reports, summaries,
analyses, letters, or memoranda arising
out of, in anticipation of, or in
connection with an examination or
inspection of the books and records of
any person or any other investigation.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
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Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimates of the burden of the proposed
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.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid OMB control number.
Please direct your written comments
to: Charles Riddle, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Candace
Kenner, 100 F Street NE, Washington,
DC 20549, or send an email to: PRA_
Mailbox@sec.gov.
Dated: September 3, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–19238 Filed 9–5–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
33613]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
August 30, 2019.
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of August
2019. A copy of each application may be
obtained via the Commission’s website
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
September 24, 2019, and should be
accompanied by proof of service on
applicants, in the form of an affidavit or,
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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.
ADDRESSES: The Commission: Secretary,
U.S. Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
FOR FURTHER INFORMATION CONTACT:
Shawn Davis, Assistant Director, at
(202) 551–6413 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.
Active Assets Government Trust [File
No. 811–21024]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On August 13,
2018, applicant made liquidating
distributions to its shareholders based
on net asset value. Expenses of $2,940
incurred in connection with the
liquidation were paid by applicant.
Filing Date: The application was filed
on July 23, 2019.
Applicant’s Address: Active Assets
Government Trust, c/o Morgan Stanley
Investment Management Inc., 522 Fifth
Avenue, New York, New York 10036.
Alliance California Municipal Income
Fund [File No. 811–10575]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On June 21, 2019,
applicant made liquidating distributions
to its shareholders based on net asset
value. Expenses of $208,679 incurred in
connection with the liquidation were
paid by applicant.
Filing Dates: The application was
filed on June 28, 2019, and amended on
August 6, 2019.
Applicant’s Address: 1345 Avenue of
the Americas, New York, New York
10105.
Cortina Funds, Inc. [File No. 811–
21580]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On March 22,
2019, applicant made liquidating
distributions to its shareholders based
on net asset value. Expenses of
approximately $57,000 incurred in
connection with the liquidation were
paid by applicant’s investment adviser.
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Federal Register / Vol. 84, No. 173 / Friday, September 6, 2019 / Notices
Filing Dates: The application was
filed on May 16, 2019, and amended on
July 15, 2019 and July 25, 2019.
Applicant’s Address: Cortina Funds,
Inc., 825 North Jefferson Street, Suite
400, Milwaukee, Wisconsin 53202.
iShares Sovereign Screened Global
Bond Fund, Inc. [File No. 811–22674]
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 June 28, 2019, and amended on
August 20, 2019.
Applicant’s Address: c/o State Street
Bank and Trust Company, 1 Lincoln
Street, Mail Stop SUM 0703, Boston,
Massachusetts 02111.
JPMorgan Trust III [File No. 811–22915]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On April 24,
2019, applicant made liquidating
distributions to its shareholders based
on net asset value. Expenses of
$6,939.68 incurred in connection with
the liquidation were paid by applicant.
Applicant also has retained $182,899 for
the purpose of paying remaining
liabilities, outstanding tax reclaims and
receivables.
Filing Dates: The application was
filed on May 20, 2019, and amended on
July 16, 2019 and July 24, 2019.
Applicant’s Address: 277 Park
Avenue, New York, New York 10172.
Putnam Fund For Growth & Income
[File No. 811–00781]
jspears on DSK3GMQ082PROD with NOTICES
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to Putnam Equity
Income Fund, and on May 15, 2017,
made a final distribution to its
shareholders based on net asset value.
Expenses of approximately $973,351
incurred in connection with the
reorganization were paid by the
applicant and the acquiring fund.
Filing Dates: The application was
filed on April 17, 2019, and amended on
July 25, 2019.
Applicant’s Address: 100 Federal
Street, Boston, Massachusetts 02110.
Putnam Michigan Tax Exempt Income
Fund [File No. 811–04529]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to Putnam Tax
Exempt Income Fund, and on July 24,
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16:53 Sep 05, 2019
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2017, made a final distribution to its
shareholders based on net asset value.
Expenses of approximately $371,762
incurred in connection with the
reorganization were paid by the
applicant, the acquiring fund, and their
investment adviser.
Filing Dates: The application was
filed on April 17, 2019, and amended on
July 25, 2019.
Applicant’s Address: 100 Federal
Street, Boston, Massachusetts 02110.
Putnam Tax Exempt Money Market
Fund [File No. 811–05215]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On March 23,
2016, applicant made liquidating
distributions to its shareholders based
on net asset value. Expenses of
approximately $23,143 incurred in
connection with the liquidation were
paid by the applicant.
Filing Dates: The application was
filed on April 17, 2019, and amended on
July 25, 2019.
Applicant’s Address: 100 Federal
Street, Boston, Massachusetts 02110.
Putnam Voyager Fund [File No. 811–
01682]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to Putnam Growth
Opportunities Fund, a series of Putnam
Investment Funds, and on October 24,
2016, made a final distribution to its
shareholders based on net asset value.
Expenses of approximately $697,527
incurred in connection with the
reorganization were paid by the
applicant and the acquiring fund.
Filing Dates: The application was
filed on April 17, 2019, and amended on
July 25, 2019.
Applicant’s Address: 100 Federal
Street, Boston, Massachusetts 02110.
on April 29, 2019, July 25, 2019 and
August 28, 2019.
Applicant’s Address: One National
Life Drive, Montpelier, Vermont 05602.
Sentinel Variable Products Trust [File
No. 811–09917]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to Touchstone
Variable Series Trust, and on October
30, 2017, made a final distribution to its
shareholders based on net asset value.
Expenses of $1,119,224.23 incurred in
connection with the reorganization were
paid by the applicant’s investment
adviser, the acquiring fund’s investment
adviser, and/or their affiliates.
Filing Dates: The application was
filed on January 8, 2019, and amended
on July 25, 2019.
Applicant’s Address: One National
Life Drive, Montpelier, Vermont 05602.
Wintergreen Fund, Inc. [File No. 811–
21764]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On June 3, 2019,
applicant made liquidating distributions
to its shareholders based on net asset
value. Expenses of $22,648 incurred in
connection with the liquidation were
paid by applicant’s investment adviser.
Filing Dates: The application was
filed on July 12, 2019, and amended on
August 13, 2019.
Applicant’s Address: 500
International Drive, Suite 275, Mount
Olive, New Jersey 07828.
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–19211 Filed 9–5–19; 8:45 am]
BILLING CODE 8011–01–P
Sentinel Group Funds, Inc. [File No.
811–00214]
SECURITIES AND EXCHANGE
COMMISSION
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. The applicant has
transferred its assets to Touchstone
Strategic Trust and Touchstone Funds
Group Trust, and on October 26, 2017
and October 30, 2017, made final
distributions to its shareholders based
on net asset value. Expenses of
$9,266,351.78 incurred in connection
with the reorganization were paid by the
applicant’s investment adviser, the
acquiring fund’s investment adviser,
and/or their affiliates.
Filing Dates: The application was
filed on January 8, 2019, and amended
[Release No. 34–86834; File No. SR–LCH
SA–2019–005]
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Self-Regulatory Organizations; LCH
SA; Notice of Designation of Longer
Period for Commission Action on
Proposed Rule Change Relating to
Introduction of Clearing of the New
Markit iTraxx Subordinated Financials
Index CDS and the Related Single
Name CDS Constituents and
Enhancements to Wrong Way Risk
Margin
August 30, 2019.
On August 2, 2019, Banque Centrale
de Compensation, which conducts
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[Federal Register Volume 84, Number 173 (Friday, September 6, 2019)]
[Notices]
[Pages 46983-46984]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19211]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 33613]
Notice of Applications for Deregistration Under Section 8(f) of
the Investment Company Act of 1940
August 30, 2019.
The following is a notice of applications for deregistration under
section 8(f) of the Investment Company Act of 1940 for the month of
August 2019. A copy of each application may be obtained via the
Commission's website 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 September 24, 2019, 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.
ADDRESSES: The Commission: Secretary, U.S. Securities and Exchange
Commission, 100 F Street NE, Washington, DC 20549-1090.
FOR FURTHER INFORMATION CONTACT: Shawn Davis, Assistant Director, at
(202) 551-6413 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.
Active Assets Government Trust [File No. 811-21024]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On August 13, 2018, applicant made
liquidating distributions to its shareholders based on net asset value.
Expenses of $2,940 incurred in connection with the liquidation were
paid by applicant.
Filing Date: The application was filed on July 23, 2019.
Applicant's Address: Active Assets Government Trust, c/o Morgan
Stanley Investment Management Inc., 522 Fifth Avenue, New York, New
York 10036.
Alliance California Municipal Income Fund [File No. 811-10575]
Summary: Applicant, a closed-end investment company, seeks an order
declaring that it has ceased to be an investment company. On June 21,
2019, applicant made liquidating distributions to its shareholders
based on net asset value. Expenses of $208,679 incurred in connection
with the liquidation were paid by applicant.
Filing Dates: The application was filed on June 28, 2019, and
amended on August 6, 2019.
Applicant's Address: 1345 Avenue of the Americas, New York, New
York 10105.
Cortina Funds, Inc. [File No. 811-21580]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On March 22, 2019, applicant made liquidating
distributions to its shareholders based on net asset value. Expenses of
approximately $57,000 incurred in connection with the liquidation were
paid by applicant's investment adviser.
[[Page 46984]]
Filing Dates: The application was filed on May 16, 2019, and
amended on July 15, 2019 and July 25, 2019.
Applicant's Address: Cortina Funds, Inc., 825 North Jefferson
Street, Suite 400, Milwaukee, Wisconsin 53202.
iShares Sovereign Screened Global Bond Fund, Inc. [File No. 811-22674]
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 June 28, 2019, and
amended on August 20, 2019.
Applicant's Address: c/o State Street Bank and Trust Company, 1
Lincoln Street, Mail Stop SUM 0703, Boston, Massachusetts 02111.
JPMorgan Trust III [File No. 811-22915]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On April 24, 2019, applicant made liquidating
distributions to its shareholders based on net asset value. Expenses of
$6,939.68 incurred in connection with the liquidation were paid by
applicant. Applicant also has retained $182,899 for the purpose of
paying remaining liabilities, outstanding tax reclaims and receivables.
Filing Dates: The application was filed on May 20, 2019, and
amended on July 16, 2019 and July 24, 2019.
Applicant's Address: 277 Park Avenue, New York, New York 10172.
Putnam Fund For Growth & Income [File No. 811-00781]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. The applicant has transferred its assets to
Putnam Equity Income Fund, and on May 15, 2017, made a final
distribution to its shareholders based on net asset value. Expenses of
approximately $973,351 incurred in connection with the reorganization
were paid by the applicant and the acquiring fund.
Filing Dates: The application was filed on April 17, 2019, and
amended on July 25, 2019.
Applicant's Address: 100 Federal Street, Boston, Massachusetts
02110.
Putnam Michigan Tax Exempt Income Fund [File No. 811-04529]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. The applicant has transferred its assets to
Putnam Tax Exempt Income Fund, and on July 24, 2017, made a final
distribution to its shareholders based on net asset value. Expenses of
approximately $371,762 incurred in connection with the reorganization
were paid by the applicant, the acquiring fund, and their investment
adviser.
Filing Dates: The application was filed on April 17, 2019, and
amended on July 25, 2019.
Applicant's Address: 100 Federal Street, Boston, Massachusetts
02110.
Putnam Tax Exempt Money Market Fund [File No. 811-05215]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On March 23, 2016, applicant made liquidating
distributions to its shareholders based on net asset value. Expenses of
approximately $23,143 incurred in connection with the liquidation were
paid by the applicant.
Filing Dates: The application was filed on April 17, 2019, and
amended on July 25, 2019.
Applicant's Address: 100 Federal Street, Boston, Massachusetts
02110.
Putnam Voyager Fund [File No. 811-01682]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. The applicant has transferred its assets to
Putnam Growth Opportunities Fund, a series of Putnam Investment Funds,
and on October 24, 2016, made a final distribution to its shareholders
based on net asset value. Expenses of approximately $697,527 incurred
in connection with the reorganization were paid by the applicant and
the acquiring fund.
Filing Dates: The application was filed on April 17, 2019, and
amended on July 25, 2019.
Applicant's Address: 100 Federal Street, Boston, Massachusetts
02110.
Sentinel Group Funds, Inc. [File No. 811-00214]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. The applicant has transferred its assets to
Touchstone Strategic Trust and Touchstone Funds Group Trust, and on
October 26, 2017 and October 30, 2017, made final distributions to its
shareholders based on net asset value. Expenses of $9,266,351.78
incurred in connection with the reorganization were paid by the
applicant's investment adviser, the acquiring fund's investment
adviser, and/or their affiliates.
Filing Dates: The application was filed on January 8, 2019, and
amended on April 29, 2019, July 25, 2019 and August 28, 2019.
Applicant's Address: One National Life Drive, Montpelier, Vermont
05602.
Sentinel Variable Products Trust [File No. 811-09917]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. The applicant has transferred its assets to
Touchstone Variable Series Trust, and on October 30, 2017, made a final
distribution to its shareholders based on net asset value. Expenses of
$1,119,224.23 incurred in connection with the reorganization were paid
by the applicant's investment adviser, the acquiring fund's investment
adviser, and/or their affiliates.
Filing Dates: The application was filed on January 8, 2019, and
amended on July 25, 2019.
Applicant's Address: One National Life Drive, Montpelier, Vermont
05602.
Wintergreen Fund, Inc. [File No. 811-21764]
Summary: Applicant seeks an order declaring that it has ceased to
be an investment company. On June 3, 2019, applicant made liquidating
distributions to its shareholders based on net asset value. Expenses of
$22,648 incurred in connection with the liquidation were paid by
applicant's investment adviser.
Filing Dates: The application was filed on July 12, 2019, and
amended on August 13, 2019.
Applicant's Address: 500 International Drive, Suite 275, Mount
Olive, New Jersey 07828.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-19211 Filed 9-5-19; 8:45 am]
BILLING CODE 8011-01-P
