[Federal Register Volume 60, Number 125 (Thursday, June 29, 1995)]
[Notices]
[Page 33889]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-16053]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21163; 811-6037]
GOC Fund, Inc.; Notice of Application
June 23, 1995.
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: GOC Fund, Inc.
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 March 23, 1995 and amended
on June 19, 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 July 18, 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, NW., Washington, DC 20549.
Applicant, 19 Old Kings Highway South, Darien, CT 06820-4526.
FOR FURTHER INFORMATION CONTACT:
Mary Kay Frech, Senior Attorney, at (202) 942-0579, 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, formerly known as The Manager's Fund, Inc., is an
open-end diversified management investment company that was organized
as a corporation under the laws of the State of Maryland. On February
2, 1990, applicant registered under the Act as an investment company,
and filed a registration statement to register its shares under the
Securities Act of 1933. The registration statement was declared
effective on March 28, 1990, and the initial public offering commenced
on that date.
2. On October 12, 1994, applicant's board of directors approved the
liquidation of applicant. The directors determined that the liquidation
was in the best interest of securityholders because of applicant's
inability to achieve its goals, especially the failure to market its
shares to a different class of investors from the existing market for
applicant's related funds. In addition, all remaining securityholders
had holdings below applicant's minimum amount because all were
participants in a reinvestment option offered to unitholders of certain
unit investment trusts and the minimum investment amount had been
waived for each of such participants.
3. On October 19, 1994, a notice of redemption (``Notice'') was
sent to all remaining securityholders. Because all remaining
securityholders had holdings below the minimum amount established by
applicant's articles of incorporation, and in accordance with Maryland
law, each securityholder received a final distribution representing the
net asset value of its shares along with the Notice.
4. On October 18, 1994, applicant had 132,873 shares outstanding,
having an aggregate net asset value of $132,873 and a per share net
asset value of $1.00.
5. The expenses incurred in connection with the liquidation
consists primarily of administrative, legal, and accounting fees, and
mailing and telephone expenses. Gabelli-O'Connor Fixed Income Mutual
Funds Management Company, applicant's investment adviser, agreed to
assume all known and unknown unpaid liabilities of applicant, which are
less than $5,000. In addition, the investment adviser assumed the
unamortized organizational expenses of applicant, in the amount of
$5,122.
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 intends to file articles of dissolution with the State
of Maryland.
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. 95-16053 Filed 6-28-95; 8:45 am]
BILLING CODE 8010-01-M
