[Federal Register Volume 59, Number 199 (Monday, October 17, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-25559]
[[Page Unknown]]
[Federal Register: October 17, 1994]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20606; 811-5973]
Money Market Portfolio; Notice of Application
October 7, 1994.
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: Money Market Portfolio.
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 June 3, 1994 and amended on
October 5, 1994.
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 November 1,
1994, 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, 6 St. James Avenue, Boston, Massachusetts 02116.
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 as a common law trust under the laws of New York. On December
11, 1989, applicant registered under the Act as an investment company.
Applicant has not filed a registration statement to register its shares
under the Securities Act of 1933.
2. Yankee Funds, a registered investment company was composed of
several investment portfolios, including a money market portfolio (the
``Yankee Money Market Fund''). The Yankee Money Market Fund invested in
applicant and owned substantially all of its units of beneficial
interest. The three holders of beneficial interest in the Yankee Money
Market Fund gave notice by May 10, 1993, that they wanted to redeem
their entire holdings. On May 10, 1993, to satisfy the redemption
request, a complete redemption distribution totalling $65,585,130 was
paid by applicant to the Yankee Money Market Fund in complete
liquidation of its interest. On February 22, 1993, the board of
trustees of applicant authorized the actions necessary to effect the
termination of applicant as an investment company.
3. The expenses applicant incurred in connection with the
liquidation included professional and custodial fees and expenses
totalling $30,750. Certain persons connected to applicant, including
its investment adviser, agreed to assume applicant's deferred
unamortized organization expenses as of October 31, 1991. Because these
persons assumed the organizational expenses, applicant had no
outstanding deferred organizational expenses upon liquidation.
4. Applicant has no debts or other liabilities that remain
outstanding. Applicant is not a party to any litigation or
administrative proceeding.
5. 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. 94-25559 Filed 10-14-94; 8:45 am]
BILLING CODE 8010-01-M
