[Federal Register Volume 61, Number 21 (Wednesday, January 31, 1996)]
[Notices]
[Pages 3515-3516]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1883]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21708; 811-8856]
Affinity Fund Group, Inc.; Notice of Application
January 25, 1996.
AGENCY: Securities and Exchange Commission (``SEC'').
ACTION: Notice of Application for Deregistration under the Investment
Company Act of 1940 (the ``Act'').
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APPLICANT: Affinity Fund Group, Inc.
RELEVANT ACT SECTION: Section 8(f).
SUMMARY OF APPLICATION: Applicant requests an order declaring that it
has ceased to be an investment company.
FILING DATE: The application was filed on November 3, 1995 and amended
on January 18, 1996.
HEARING OR NOTIFICATION OF HEARING: An order granting the application
will be issued unless the SEC orders a hearing. Interested persons may
request a hearing by writing to the SEC's Secretary and serving
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 February 20,
1996, and should be accompanied by proof of service on 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 may request
notification of a hearing by writing to the SEC's Secretary.
ADDRESSES: Secretary, SEC, 450 5th Street, N.W., Washington, D.C.
20549. Applicant, 1001 West Glen Oaks Lane, Suite 201, Mequon,
Wisconsin 53092.
FOR FURTHER INFORMATION CONTACT:
Elaine M. Boggs, Staff Attorney, at (202) 942-0572, or Robert A.
Robertson, Branch Chief, at (202) 942-0564 (Division of Investment
Management, Office of Investment Company Regulation).
SUPPLEMENTARY INFORMATION: The following is a summary of the
application. The complete application may be obtained for a fee at the
SEC's Public Reference Branch.
Applicant's Representations
1. Applicant is an open-end management investment company that was
organized under the laws of Maryland. On November 10, 1994, applicant
registered under the Act as an investment company, and filed a
registration statement to register its shares under the Securities Act
of 1933. The registration statement was declared effective on January
4, 1995, and applicant began a public offering thereafter.
2. On May 16, 1995, applicant's board of directors approved the
liquidation and dissolution of applicant. The board of directors
approved the liquidation because the low level of applicant's assets
did not permit applicant to economically continue its operations and
liquidation was determined to be in the best interests of applicant's
shareholders. Applicant's shareholders were informed of applicant's
decision to liquidate and, in response, tendered their shares for
redemption at net asset value.
3. During the period from May 16, 1995 through June 19, 1995,
applicant distributed it assets to its shareholders in complete
liquidation and redemption of all its outstanding shares. On May 16,
1995, applicant had 18,251 shares outstanding with a total net asset
value of $184,598 and a per share net asset value of $10.11. Because
applicant's assets were invested in money-market instruments,
applicant's net asset value did not vary, except for minimal
[[Page 3516]]
amounts of accrued interest, in the period between May 16 and June 19,
1995.
4. All expenses incurred in connection with the liquidation were
assumed by applicant's investment adviser, Benchmark Capital
Management, Inc., including all unamortized organization expenses. No
brokerage commissions were incurred in connection with the liquidation.
5. Applicant has no debts or other liabilities that remain
outstanding. Applicant is not a party to any litigation or
administrative proceeding.
6. Applicant intends to file articles of dissolution with Maryland
authorities.
7. Applicant is not now engaged, nor does it propose to engage, in
any business activities other than those necessary for the winding up
of its affairs.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-1883 Filed 1-30-96; 8:45 am]
BILLING CODE 8010-01-M
