[Federal Register Volume 61, Number 213 (Friday, November 1, 1996)]
[Notices]
[Pages 56577-56578]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27998]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-22298; 811-3977]
Baird Capital Development Fund, Inc.; Notice of Application
October 25, 1996.
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: Baird Capital Development Fund, Inc.
RELEVANT ACT SECTION: Section 8(f).
SUMMARY OF APPLICATION: Applicant seeks an order declaring that it has
ceased to be an investment company.
FILING DATE: The application was filed on August 19, 1996 and amended
on October 22, 1996.
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 19,
1996, 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, 777 East Wisconsin Avenue, Milwaukee, Wisconsin
53202.
FOR FURTHER INFORMATION CONTACT: Deepak T. Pai, Staff Attorney, at
(202) 942-0574, or Mercer E. Bullard, 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 Wisconsin corporation on February 21, 1984. On February
27, 1984, applicant registered under the Act and filed a registration
statement pursuant to section 8(b) of the Act. On the same date,
applicant filed a registration statement on Form N-1A to register an
indefinite number of shares of its common stock that became effective
on July 2, 1984. Applicant's initial public offering commenced on that
date.
2. On December 20, 1995, applicant's Board of Directors
(``Directors'') approved and recommended an Agreement and Plan of
Reorganization (the ``Agreement''), pursuant to which applicants'
portfolio securities and other assets would be transferred to AIM
Capital Development Fund (``AIM Fund''), a series of AIM Equity Funds,
Inc. Proxy materials were filed with the SEC on December 29, 1995 and
were distributed to shareholders on or about February 2, 1996. At a
meeting held on March 15, 1996, applicant's shareholders approved the
Agreement.
3. The transfer of the portfolio securities and other assets to the
AIM Fund occurred on August 12, 1996. As consideration for the
transfer, AIM Equity Funds, Inc. issued shares of AIM Fund directly to
the shareholders of applicant, and the shares of applicant were
thereupon cancelled. The aggregate value of the AIM Fund shares so
issued was equal to the aggregate net value of applicant's assets
transferred in the transaction, and each shareholder of applicant
received AIM Fund shares having a net asset value equal to the shares
of applicant held by such shareholder immediately prior to the
reorganization.
4. In connection with the reorganization, the applicant incurred
approximately $4,270 of expenses, consisting of legal fees. Fees and
expenses incurred in applicant's liquidation amounted to approximately
$1,500. All of such fees and expenses were paid from the assets of
applicant retained in the reorganization for such purpose. No brokerage
commissions were incurred in connection with the reorganization.
[[Page 56578]]
5. At the time of the application, applicant had no outstanding
shareholders, assets, debts, or liabilities. Applicant is not a party
to any litigation or administrative proceeding.
6. 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. Applicant filed articles of dissolution with the
Wisconsin Secretary of State on August 14, 1996, to terminate its
corporate existence.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-27998 Filed 10-31-96; 8:45 am]
BILLING CODE 8010-01-M
