[Federal Register Volume 62, Number 102 (Wednesday, May 28, 1997)]
[Notices]
[Page 28909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-13875]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 22678; 811-4496]
Altius-Beta Fund, Inc.; Notice of Application
May 21, 1997.
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: Altius-Beta 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 DATES: The application was filed on September 9, 1996, and an
amendment thereto on May 12,1997.
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 June 13,1997,
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. Applicant, c/o B.V. Capital Management, Inc., 575 Fifth Ave.,
New York, New York 10017.
FOR FURTHER INFORMATION CONTACT:
Diane L. Titus, Paralegal Specialist, at (202) 942-0584, or H.R.
Hallock, Jr., Special Counsel, 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 is an open-end, non-diversified management investment
company organized as a Maryland corporation. On November 21, 1985,
applicant filed a notification of registration on Form N-8A pursuant to
section 8(a) of the Act. On July 28, 1987, applicant filed a
registration statement on Form N-1A pursuant to section 8(b) of the
Act. However, applicant's registration statement was never declared
effective, and the applicant never made a public offering of its
shares.
2. Applicant had one shareholder, a German life insurance company,
with whom shares were privately placed. As of March 31, 1996, applicant
had 1,049,837.542 shares outstanding, an aggregate net asset value of
$10,965,515.28 and a per share net asset value of $10.44. On April 11,
1996, applicant's sole shareholder redeemed most of its shares.
3. Applicant retained $43,627.19 to cover its liquidation expenses,
including any remaining operating expenses of any kind. All remaining
funds after payment of expenses have been distributed to applicant's
sole shareholder (which redeemed all its remaining shares on November
26 and December 31, 1996) in the form of an extraordinary distribution.
4. Applicant has no securityholders, debts or other liabilities, or
assets. Applicant is not a party to any litigation or administrative
proceeding. 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.
5. Applicant intends to file Articles of Dissolution in accordance
with Maryland law.
For the SEC, by the Division of Investment Management, under
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-13875 Filed 5-27-97; 8:45 am]
BILLING CODE 8010-01-M
