[Federal Register Volume 61, Number 203 (Friday, October 18, 1996)]
[Notices]
[Pages 54468-54469]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-26786]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 22281; 811-6207]
Alliance Multi-Market Income Trust, Inc.; Notice of Application
October 11, 1996.
AGENCY: Securities and Exchange Commission (``SEC'').
ACTION: Notice of Application for an Order under the Investment Company
Act of 1940 (the ``Act'').
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APPLICANT: Alliance Multi-Market Income Trust, Inc.
RELEVANT ACT SECTIONS: Section 8(f).
SUMMARY OF APPLICATION: Applicant seeks an order declaring that it has
ceased to be an investment company.
FILING DATES: The application was filed on July 26, 1996 and amended on
October 10, 1996.
HEARING OR NOTIFICATION OF HEARING: An order granting the application
will be issued unless the SEC orders a hearing.
[[Page 54469]]
Interested persons may request a hearing by writing to the SEC's
Secretary and serving applicants 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 5, 1996, and should be accompanied by proof of service on
applicants, 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 Fifth Street, N.W., Washington, D.C.
20549. Applicant, 1345 Avenue of the Americas, New York, New York
10105.
FOR FURTHER INFORMATION CONTACT:
Elaine M. Boggs, Staff Attorney, at (202) 942-0572, or Alison E. Baur,
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 an open-end management investment company that is
organized as a corporation under the laws of Maryland. Applicant
registered under the Act and filed a registration statement on Form N-
1A on October 31, 1990. Applicant's registration statement was declared
effective on December 11, 1990, and applicant commenced a public
offering of its shares shortly thereafter.
2. On June 14, 1994, applicant's board of directors considered and
approved a sale of substantially all of the assets and liabilities of
applicant to the Alliance World Income Trust, Inc. (the ``Acquiring
Fund''), a registered open-end investment company. The board of
directors made the findings required by rule 17a-8 under the Act, i.e.,
that the reorganization was in the best interest of applicant and that
there would be no dilution, by virtue of the proposed exchange, in the
value of shares held at that time by applicant's shareholders.\1\ In
determining that applicant should enter into the reorganization, the
directors considered, among other things, the investment objectives,
policies, and restrictions of applicant and the Acquiring Fund.
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\1\ Rule 17a-8 provides an exemption from section 17(a) for
certain reorganizations among registered investment companies that
may be affiliated persona, or affiliated persons of an affiliated
person, solely by reason of having a common investment adviser,
common directors, and/or common officers.
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3. On June 24, 1994, a proxy statement was filed with the SEC and
applicant mailed proxy materials to its shareholders approximately a
month later. On September 1, 1994, applicant's shareholders approved
the reorganization.
4. On September 1, 1994, applicant transferred its assets and
liabilities to the Acquiring Fund in exchange for shares of the
Acquiring Fund on the basis of the relative net asset values per share
of applicant and the Acquiring Fund. The shares of the Acquiring Fund
received by applicant were distributed to the holders of applicant's
shares based on the relative net asset values per share of the two
funds.
5. The expenses incurred in connection with the reorganization were
paid by Alliance Capital Management L.P., applicant's investment
adviser. No brokerage fees were paid in connection with the
reorganization.
6. Subsequent to the filing of the Form N-8F, applicant will
dissolve under the laws of Maryland.
7. There are no securityholders to whom distributions in complete
liquidation of their interests have not been made. Applicant has
retained no assets. Applicant has no debts or other liabilities that
remain outstanding. Applicant is not a party to any litigation or
administrative proceeding.
8. 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. 96-26786 Filed 10-17-96; 8:45 am]
BILLING CODE 8010-01-M
