[Federal Register Volume 60, Number 70 (Wednesday, April 12, 1995)]
[Notices]
[Page 18653]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8926]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-20990; 811-0071]
Commonwealth Investment Trust; Notice of Application
April 6, 1995.
AGENCY: Securities and Exchange Commission (``SEC'' or ``Commission'').
ACTION: Notice of Application for Deregistration under the Investment
Company Act of 1940 (the ``Act'').
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APPLICANT: Commonwealth Investment 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 DATE: The application was filed on March 24, 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 May 1, 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 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, 101 Federal Street, Boston, Massachusetts 02110.
FOR FURTHER INFORMATION CONTACT:
Elaine M. Boggs, Staff Attorney, at (202) 942-0572, or C. David
Messman, 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 business trust under the laws of Massachusetts. On
October 29, 1940, applicant registered under the Act as an investment
company. To the best knowledge of applicant, a registration statement
to register its shares under the Securities Act of 1933 was initially
filed on or about October 19, 1938. Applicant's initial public offering
commenced in 1938.
2. On October 27, 1993, applicant's board of trustees approved an
agreement and plan of reorganization (the ``Plan'') between applicant
and Eaton Vance Stock Fund, a registered open-end management investment
company (the ``Acquiring Fund'').\1\
\1\According to the proxy statement filed with the Commission by
applicant in connection with the reorganization, the board of
trustees considered that combining applicant with the Acquiring Fund
could produce economies of scale which may be reflected in reduced
costs per share. In addition, the board of trustees concluded that
the reorganization would allow applicant's shareholders to become
affiliated with a fund with similar investment objectives and
greater net assets.
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3. On December 8, 1993, applicant filed definitive proxy materials
with the SEC and mailed such proxy materials to its shareholders. On
December 15, 1993, applicant's shareholders approved the
reorganization.
4. Pursuant to the Plan, on December 20, 1993, applicant
transferred all, or substantially all, of its assets to the Acquiring
Fund in exchange for shares of the Acquiring Fund. Immediately
thereafter, applicant distributed pro rata to its shareholders the
shares it received from the Acquiring Fund in the reorganization. On
December 17, 1993, applicant had 439,017.095 shares outstanding, having
an aggregate net asset value of $8,346,241.30 and a per share net asset
value of $19.01.
5. Expenses incurred in connection with the reorganization were
approximately $38,291 and were paid by applicant's investment adviser,
Invesco Management & Research, Inc.
6. There are no securityholders to whom distributions in complete
liquidation of their interests have not been made. Applicant has no
debts or other liabilities that remain outstanding. Applicant is not a
party to any litigation or administrative proceeding.
7. Applicant's legal existence under Massachusetts law has been
terminated.
8. 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.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-8926 Filed 4-11-95; 8:45 am]
BILLING CODE 8010-01-M
