[Federal Register Volume 60, Number 227 (Monday, November 27, 1995)]
[Notices]
[Pages 58417-58418]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28792]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21505; 811-6583]
International Growth Trust; Notice of Application
November 17, 1995.
AGENCY: Securities and Exchange Commission (``SEC'').
ACTION: Notice of Application for Deregistration under the Investment
Company Act of 1940 (the ``Act'').
-----------------------------------------------------------------------
APPLICNAT: International Growth Trust.
RELEVANT ACT SECTION: 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 August 14, 1995, and amended
on October 31, 1995 and November 9, 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
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 December 12,
1995, 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 who wish to
be notified of a hearing may request notification by writing to the
SEC's Secretary.
ADDRESSES: Secretary, SEC, 450 5th Street NW., Washington, D.C. 20549.
Applicant, 99 Park Avenue, New York, New York 10016.
FOR FURTHER INFORMATION CONTACT:
Diane L. Titus, Paralegal Specialist, at (202) 942-0584, or Alison E.
Baur, Branch Chief, at (202) 942-0564 (Office of Investment Company
Regulation, Division of Investment Management).
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, non-diversified management investment
company formed as a trust under New York law. Applicant is a ``master
fund'' in a ``master/feeder fund'' complex and has two shareholders: a
``feeder'' fund, the International Growth Fund (the ``Fund''), and
applicant's investment adviser, VanEck Associates Corporation (the
``Adviser'').
2. SEC records indicate that applicant registered under the Act on
March 3, 1992 by filing a notification of registration on Form N-8A
pursuant to section 8(a) of the Act. Also on that date, applicant filed
a registration statement on Form N-1A pursuant to section 8(b) of the
Act. No registration was made under the Securities Act of 1933 (the
``Securities Act'') because applicant's beneficial interests were
issued solely in private placement transactions that did not involve
any ``public offering'' within the meaning of section 4(2) thereof. All
of applicant's investors were ``accredited investors'' within the
meaning of Regulation D under the Securities Act.
3. At a meeting held on October 18, 1994, applicant's board of
trustees approved a plan of liquidation. The Fund's proxy materials
indicate that,
[[Page 58418]]
because the Fund was applicant's only feeder fund, and because sales of
the Fund's shares dropped dramatically, applicant liquidated.
4. Proxy materials were filed with the SEC and mailed to
shareholders. The Fund's shareholders approved the liquidation plan at
the meeting on December 19, 1994.
5. On December 30, 1994, applicant redeemed the units held by the
Fund and the Adviser, satisfied the known obligations, and distributed
the liquidation value in cash to the Fund and the Adviser. The
liquidation was based on net asset value.
6. The Adviser paid applicant's unamortized organization expenses
and the expenses relating to applicant's liquidation. No brokerage
commissions were paid in connection with the liquidation.
7. Applicant has no securityholders, assets, or liabilities.
Applicant is not a party to any litigation or administrative
proceeding. Applicant is not presently engaged, nor does it propose to
engage, in any business activities other than those necessary for the
winding up of its affairs.
8. Applicant will file a Certificate of Dissolution and/or other
appropriate documentation, as required by New York law.
For the SEC, by the Division of Investment Management, under
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-28792 Filed 11-24-95; 8:45 am]
BILLING CODE 8010-01-M
