[Federal Register Volume 60, Number 211 (Wednesday, November 1, 1995)]
[Notices]
[Pages 55632-55633]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-27157]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21457; 811-4654]
Colonial Small Stock Index Trust; Notice of Application
October 26, 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: Colonial Small Stock Index Trust.
RELEVANT ACT SECTIONS: Order requested under section 8(f).
FILING DATES: The application was filed on September 22, 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
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 20,
1995, 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 5th Street, N.W., Washington, D.C.
20549. Applicant, One Financial Center, Boston, Massachusetts 02111.
FOR FURTHER INFORMATION CONTACT: David W. Grim, Law Clerk, at (202)
942-0571, 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 a registered open-end management investment company
organized as a Massachusetts business trust. On May 2, 1986, 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. The registration
statement became effective on July 22, 1986, and the initial public
offering commenced on July 25, 1986.
2. On April 12, 1991 and December 13, 1991, applicant's board of
trustees approved an agreement and plan of reorganization (the
``Plan'') between applicant and Colonial Small Stock Fund (the
``Fund''), a newly organized series of Colonial Trust VI. At the
December 13, 1991 meeting, the board made the findings required by rule
17a-8 under the Act.\1\ The board approved the merger as a means of
reducing certain expenses of applicant, such as state and federal
filing fees, and enabling the implementation of certain changes in the
trust agreement and bylaws, such as permitting the issuance of multiple
classes of shares and providing for broader indemnification of
trustees.
\1\Rule 17a-8 provides an exemption from section 17(a) of the
Act for certain reorganizations among registered investment
companies that may be affiliated persons, 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 September 16, 1992, applicant distributed proxy materials to
its shareholders. At a special meeting on November 2, 1992, applicant's
shareholders approved the reorganization.
4. Pursuant to the Plan, on November 6, 1992, applicant transferred
its net assets to the Fund. In exchange for applicant's net assets,
applicant received shares of the Fund with an aggregate net asset value
equal to the value of such net assets. Following this exchange,
applicant distributed the shares of the Fund received in connection
with the reorganization to its shareholders on a pro rata basis. On the
date of reorganization, applicant had 1,562,326.56 shares of beneficial
interest outstanding, having an aggregate net asset value of
$20,320,500.66 and a net asset value per share of $13.01.
5. The following expenses incurred in connection with the merger
were borne by applicant: $2,100 in legal expenses, $576 in auditing
expenses, $1,793 in printing expenses, $4,859 in mailing expenses, and
$1,969 in proxy solicitation expenses.
6. As of the date of the application, applicant had no
shareholders, assets, or liabilities. Applicant is not a party to any
litigation or administrative proceeding. Applicant is neither engaged
nor proposes to engage in any business activities other than those
necessary for the winding-up of its affairs.
7. Applicant intends to file certificates of dissolution or similar
documents in accordance with the law of the Commonwealth of
Massachusetts after the receipt of requested relief.
[[Page 55633]]
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-27157 Filed 10-31 -95; 8:45 am]
BILLING CODE 8010-01-M
