[Federal Register Volume 61, Number 45 (Wednesday, March 6, 1996)]
[Notices]
[Page 8987]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5218]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21793; 811-3246]
Lexington Short-Intermediate Government Securities Fund, Inc.;
Notice of Application
February 29, 1996.
AGENCY: Securities and Exchange Commission (``SEC'').
ACTION: Notice of Application for Deregistration under the Investment
Company Act of 1940 (the ``Act'').
APPLICANT: Lexington Short-Intermediate Government Securities Fund,
Inc.
RELEVANT ACT SECTION: Section 8(f).
SUMMARY OF APPLICATION: Applicant requests an order declaring that it
has ceased to be an investment company.
FILING DATE: The application was filed on January 31, 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 March 26, 1996,
and should be accompanied by proof of service on the 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 Fifth Street, N.W., Washington, D.C.
20549. Applicants, Park 80 West, Plaza Two, Saddle Brook, New Jersey
07662.
FOR FURTHER INFORMATION CONTACT: Diane L. Titus, Paralegal Specialist,
at (202) 942-0584, 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 from
the SEC's Public Reference Branch.
Applicant's Representations
1. Applicant, an open-end management investment company, is
organized as a corporation under the laws of Maryland. On August 19,
1981, applicant registered under the Act and filed a registration
statement under the Securities Act of 1933. Applicant's registration
statement was declared effective on October 19, 1981 and the initial
public offering of its shares commenced on or about that date.
2. On September 12, 1995, applicant's board of directors adopted a
plan of complete liquidation and termination (the ``Plan''). Prior to
the meeting, Lexington Management Corporation (the ``Adviser'') advised
the directors that continued operation was not economically feasible
for the Adviser or applicant's shareholders. On September 20, 1995,
applicant filed proxy materials with the SEC, and, on October 2, 1995,
applicant distributed the proxy materials to shareholders. On November
1, 1995, applicant's shareholders approved the Plan. On December 6,
1995, applicant distributed $2,878,850 in cash to its shareholders,
which amount represented the cash value of applicant's portfolio and
the net proceeds received from the liquidation of the remaining
portfolio of applicant. Each shareholder received his or her
proportionate interest based on the net asset value.
3. Applicant retained $15,789 to cover outstanding liabilities
associated with the liquidation. These liabilities are estimated to be
approximately $15,789. Any costs in excess of this amount will be borne
by the Adviser.
4. Applicant has no shareholders. At the time of filing the
application, applicant's only debts consisted of the above-mentioned
liabilities. Applicant is not a party to any litigation or
administrative proceeding.
5. Applicant is not now engaged, nor does it propose to engage, in
business activities other than those necessary for the winding-up of
its affairs.
6. Applicant intends to file for dissolution, in accordance with
the laws of Maryland after the SEC has issued an order.
For the SEC, by the Division of Investment Management, under
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-5218 Filed 3-5-96; 8:45 am]
BILLING CODE 8010-01-M
