[Federal Register Volume 62, Number 195 (Wednesday, October 8, 1997)]
[Notices]
[Pages 52600-52601]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-26574]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Scudder Spain and Portugal Fund, Inc., Common Stock,
$0.01 Par Value) File No. 1-9719
October 1, 1997.
Scudder Spain and Portugal Fund, Inc. (``Company'') has filed an
application with Securities and Exchange Commission (``Commission''),
pursuant to Section 12(d) of the Securities Exchange Act of 1934
(``Act'') and Rule 12d2-2(d) promulgated thereunder, to withdraw the
above specified security (``Security'') from listing and registration
on the American Stock Exchange, Inc. (``Amex'' or ``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration include the following:
Pursuant to the rules of the Amex regarding de-listing, and in
particular Rule 18 of the Amex, the Company has transmitted to the Amex
a certified copy of resolutions adopted by its Board of Directors
(``Board'') authorizing the withdrawal of the Security from listing on
the Amex.
The Board and management of the Company have determined that
listing the Security on the New York Stock Exchange (``NYSE'') may
provide potential benefits to the Company and the Company's
stockholders, including increased market visibility and increased
exposure of the Company among the financial community, and a potential
for increased trading volume for the Security, which, if realized,
could provide increased liquidity and a decrease in the discount in the
market price of the Security as compared to the Company's net asset
value per share of Security. The Company's Security began trading on
the NYSE on July 30, 1997.
By letter dated July 18, 1997, the Amex informed the Company that
the Exchange would not object to the Company's filing of the
application to be removed from listing and registration on the
Exchange.
Any interested person may, on or before October 23, 1997, submit by
letter to the Secretary of the Securities and
[[Page 52601]]
Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549,
facts bearing upon whether the application has been made in accordance
with the rules of the exchange and what terms, if any, should be
imposed by the Commission for the protection of investors. The
Commission, based on the information submitted to it, will issue an
order granting the application after the date mentioned above, unless
the Commission determines to order a hearing on the matter.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-26574 Filed 10-7-97; 8:45 am]
BILLING CODE 8010-01-M
