[Federal Register Volume 59, Number 234 (Wednesday, December 7, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-30032]
[[Page Unknown]]
[Federal Register: December 7, 1994]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20747; No. 811-3777]
Home Life Bond Fund, Inc.
November 30, 1994.
AGENCY: Securities and Exchange Commission (``SEC'' or ``Commission'').
ACTION: Notice of Application for an Order under the Investment Company
Act of 1940 (``1940 Act'').
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APPLICANT: Home Life Bond Fund, Inc. (``Applicant'').
RELEVANT 1940 ACT SECTION: Order requested under Section 8(f) of the
1940 Act.
SUMMARY OF APPLICATION: Applicant seeks an order declaring that it has
ceased to be an investment company as defined by the 1940 Act.
FILING DATE: The application was filed on August 23, 1994, and amended
on November 18, 1994.
HEARING OR NOTIFICATION OF HEARING: An order granting the Applicant
will be issued unless the Commission 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
27, 1994, 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 requestor's interest,
the reason for the request, and the issues contested. Persons may
request notification of a hearing by writing to the Secretary of the
SEC.
ADDRESSES: Secretary, Securities and Exchange Commission, 450 5th
Street, NW., Washington, DC 20549. Applicant, Home Life Bond Fund,
Inc., 75 Wall Street, New York, New York 1005, and c/o Patricia O.
McLaughlin, Phoenix Home Life Mutual Insurance Company, One American
Row, Hartford, Connecticut 06115.
FOR FURTHER INFORMATION CONTACT:
Yvonne M. Hunold, Senior Counsel, on (202) 942-0670, Office of
Insurance Products (Division of Investment Management).
SUPPLEMENTARY INFORMATION: Following is a summary of the application;
the complete application is available for a fee from the SEC's Public
Reference Branch.
Applicant's Representations
1. The Applicant was organized as a corporation under Maryland law
on April 21, 1983 and dissolved as such on April 7, 1993.
2. On June 14, 1983, Applicant filed a registration statement under
Section 8(b) of the 1940 Act and, on February 21, 1984, registered
under the 1940 Act as an open-end, diversified investment management
company. Also on June 14, 1983, Applicant filed a registration
statement under the Securities Act of 1933, registering an indefinite
number of shares of Common Stock, $.01 par value. This registration
statement was declared effective on February 21, 1984. The initial
public offering commenced February 21, 1984.
3. Applicant's only security holder was Phoenix Home Life Separate
Account B (``Account B''). On August 5, 1992, Applicant's Board of
Directors unanimously approved the transfer of Applicant's assets and
liabilities to Separate Account P (``Account P'') of Phoenix Home Life
Mutual Insurance Company (``Phoenix-Home Life''). Account B and its
depositor, Phoenix-Home Life, voted all outstanding shares in favor of
the reorganization, constituting more than two-thirds of the shares
outstanding that was required under Maryland law.
4. As of October 23, 1992, Applicant has one class of Common Stock
outstanding, consisting of 1,239,689.6517 outstanding shares. The
aggregate net asset value of such shares and the net asset value per
share were $13,615,073.83 and $10,9856, respectively.
5. On October 26, 1992, Applicant's assets, consisting only of
qualified plan assets, were transferred to Account P, which contains
only qualified plan assets. Account B became a contractholder of
Account P. Account B and Account P were not required to be registered
under the 1940 Act in reliance on Section 3(c)(11) thereunder. In
consideration for the transfer, Account P assumed all of Applicant's
liabilities and delivered to Applicant full and fractional units of
Account P equal to that number of full and fractional units of Account
P as determined based on the relative net asset values of Applicant and
Account P as of the close of the New York Stock Exchange on October 23,
1992 (the last business day preceding the reorganization). Applicant
distributed Account P units pro rata to Account B and simultaneously
Applicant's shares held by Account B were cancelled. No brokerage
commissions were paid in connection with the transfer of assets.
6. No assets were retained by Applicant after October 26, 1992, and
no debts or other liabilities of Applicant remain outstanding.
Applicant has no security holders to whom distributions in complete
liquidation have not been made. Applicant is not a party to any
litigation or administrative proceeding.
7. Phoenix-Home Life, the parent company to the Adviser and
depositor of Account B and Account P, paid all of the direct and
indirect expenses of the reorganization, including any brokerage fees
relating to transactions resulting from the reorganization.
8. Other than as described above, during the past 18 months,
Applicant has not, for any reason, transferred any of its assets to a
separate trust, the beneficiaries of which were or are security holders
of the Applicant.
9. 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.
10. Applicant has made all filings under the 1940 Act, including
Form N-SAR filings, for each period for which such filings were
required.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-30032 Filed 12-6-94; 8:45 am]
BILLING CODE 8010-01-M
