[Federal Register Volume 60, Number 197 (Thursday, October 12, 1995)]
[Notices]
[Pages 53224-53225]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-25252]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21393; 811-7101]
Alexander Hamilton Funds; Notice of Application
October 4, 1995.
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: Alexander Hamilton Funds.
RELEVANT ACT SECTION: Order requested under section 8(f).
SUMMARY OF APPLICATION: Applicant requests an order declaring it has
ceased to be an investment company.
FILING DATES: The application was filed on September 5, 1995.
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 October 30,
1995, 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 may request
notification of a hearing by writing to the SEC's Secretary.
[[Page 53225]]
ADDRESSES: Secretary, SEC, 450 Fifth Street, NW., Washington, DC 20549.
Applicant, Federated Investors Tower, Pittsburgh, PA 15222-3779.
FOR FURTHER INFORMATION CONTACT:
Marianne H. Khawly, Staff Attorney, at (202) 942-0562, 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 from
the SEC's Public Reference Branch.
Applicant's Representations
1. Applicant is a registered open-end management investment company
under the Act and is organized as a business trust under the laws of
the Commonwealth of Massachusetts. On October 4, 1993, applicant filed
a Notification of Registration on Form N-8A pursuant to section 8(a) of
the Act and a registration statement on Form N-1A under section 8(b) of
the Act and under the Securities Act of 1933. On February 10, 1994, the
registration statement was declared effective and applicant commenced
its initial public offering on that date. Applicant consists of three
series: Alexander Hamilton Equity Growth and Income Fund (``Equity
Growth and Income Fund''); Alexander Hamilton Government and Income
Fund (``Government and Income Fund''); and Alexander Hamilton Municipal
Income Fund (``Municipal Income Fund'') (each, a ``Series'').
2. On November 28, 1994, applicant's board of trustees unanimously
determined that applicant's continuation was no longer in the best
interest of applicant or its shareholders. The board determined that
applicant's shareholders would be better served by a liquidation of
applicant's assets. The board voted to approve a plan of liquidation
whereby applicant's shareholders would be contacted and asked to redeem
their shares by November 29, 1994 (the ``Liquidation Date'').
3. On November 28, 1994, Equity Growth and Income Fund had
507,266.170 shares of beneficial interest outstanding. At such time,
Equity Growth and Income Fund had an aggregate and per share net asset
value of $4,805,222.11 and $9.48, respectively. On or before the
Liquidation Date, Equity Growth and Income Fund sold its portfolio
securities at fair market value. Brokerage commissions totaling $732
were paid in connection with the sale. On or before the Liquidation
Date, the holder of 99.8% of Equity Growth and Income Fund's shares,
Alexander Hamilton Life Insurance Company (``AHLIC''), parent of
Alexander Hamilton Capital Management, Inc., applicant's investment
adviser (the ``Adviser''), voluntarily redeemed its shares at the
redemption date's net asset value.
4. On the November 28, 1994, Government Income Fund had 532,475.146
shares of beneficial interest outstanding. At such time, Government
Income Fund had an aggregate and per share net asset value of
$4,793,902.94 and $9.00, respectively. On or before the Liquidation
Date, Government Income Fund sold its portfolio securities at fair
market value. No brokerage commissions were paid in connection with the
sale. On or before the Liquidation Date, the holder of 98% of
Government Income AHLIC, voluntarily redeemed its shares at the
redemption date's net asset value.
5. On the November 28, 1994, Municipal Income Fund had 551,300.772
shares of beneficial interest outstanding. At such time, Municipal
Income Fund had an aggregate and per share net asset value of
$4,714,748.52 and $8.55, respectively. On or before the Liquidation
Date, Municipal Income Fund sold certain of its portfolio securities at
fair market value and the remaining securities were disposed of in
accordance with rule 17a-7. No brokerage commissions were paid in
connection with the sale. On or before the Liquidation Date, the holder
of 99.9% of Government Income Fund's shares, AHLIC, voluntarily
redeemed its shares in kind or at the redemption date's net asset
value.
6. On the Liquidation date, applicant's administrator, Federated
Administrative Services (the ``Administrator''), the remaining
shareholder of each series, adopted a resolution approving applicant's
termination.
7. No outside legal or accounting fees were incurred in connection
with the liquidation. Any expenses incurred in connection with
applicant's liquidation were waived or paid by the Administrator
pursuant to its administrative agreement. All organizational and
operational expenses will be paid by the Adviser.
8. As of the date of the application, applicant had no assets,
debts, or shareholders. Applicant is not a party to any litigation or
administrative proceeding. Applicant is neither engaged in nor proposes
to engage in any business activities other than those necessary for the
winding-up of its affairs.
9. Applicant will terminate its existence as a business trust under
Massachusetts law.
For the SEC, by the Division of Investment Management, under
delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 95-25252 Filed 10-11-95; 8:45 am]
BILLING CODE 8010-01-M
