80 FR 53592 - Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 172 (September 4, 2015)
Federal Register Volume 80, Issue 172 (September 4, 2015)
| Page Range | 53592-53593 | |
| FR Document | 2015-21955 |
[Federal Register Volume 80, Number 172 (Friday, September 4, 2015)] [Notices] [Pages 53592-53593] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-21955] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. IC-31800] Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940 August 28, 2015. The following is a notice of applications for deregistration under section 8(f) of the Investment Company Act of 1940 for the month of August 2015. A copy of each application may be obtained via the Commission's Web site by searching for the file number, or for an applicant using the Company name box, at http://www.sec.gov/search/search.htm or by calling (202) 551-8090. An order granting each application will be issued unless the SEC orders a hearing. Interested persons may request a hearing on any application by writing to the SEC's Secretary at the address below and serving the relevant 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 September 22, 2015, and should be accompanied by proof of service on applicants, in the form of an affidavit or, for lawyers, a certificate of service. Pursuant to Rule 0-5 under the Act, hearing requests should state the nature of the writer's interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by writing to the Commission's Secretary. ADDRESSES: The Commission: Brent J. Fields, Secretary, U.S. Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. FOR FURTHER INFORMATION CONTACT: Chief Counsel's Office at (202) 551- 6821, SEC, Division of Investment Management, Chief Counsel's Office, 100 F Street NE., Washington, DC 20549-8010. Cornerstone Progressive Return Fund [File No. 811-22066] Summary: Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. Applicant transferred its assets to Cornerstone Strategic Value Fund, Inc., and on June 26, 2015, made a distribution to its shareholders based on net asset value. Expenses of $335,585 incurred in connection with the reorganization were paid by applicant and the acquiring fund. Filing Dates: The application was filed on June 30, 2015, and amended on July 30, 2015. Applicant's Address: 48 Wall St., 22nd Floor, New York, NY 10005. db-X Exchange-Traded Funds Inc. [File No. 811-22001] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On May 27, 2015, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $35,000 incurred in connection with the liquidation were paid by DBX Strategic Advisors LLC, applicant's investment adviser. Filing Date: The application was filed on July 31, 2015. Applicant's Address: 60 Wall St., New York, NY 10005. Principled Equity Market Fund [File No. 811-8492] Summary: Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On August 5, 2015, applicant made a final liquidating distribution to its shareholders, based on net asset value. Two shareholders of record have not received their liquidating distributions because applicant has been unable to locate [[Page 53593]] them. Applicant's custodian is holding an aggregate amount of $10,854, which will escheat to the state of last residence of each shareholder if their distributions remain unclaimed. Expenses of $110,800 incurred in connection with the liquidation were paid by applicant. Applicant has also retained $128,566 in cash to cover outstanding liabilities. Filing Date: The application was filed on August 14, 2015. Applicant's Address: 20 William Street, Wellesley, MA 02481. Oppenheimer Institutional Treasury Money Market Fund [File No. 811- 22261] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. Applicant has never made a public offering of its securities and does not propose to make a public offering or engage in business of any kind. Filing Date: The application was filed on August 19, 2015. Applicant's Address: 6803 S. Tucson Way, Centennial, CO 80112. Torchlight Value Fund Master, LLC [File No. 811-21122] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. Applicant represents that it currently has fewer than 100 beneficial owners of its securities and will continue to operate as a private fund in reliance on section 3(c)(1) of the Act. Applicant states that it is not making, has never made and does not intend to make a public offering of its securities. Applicant further represents that it has notified its beneficial owners that certain legal protections offered to shareholders of an investment company registered under the Act will no longer apply. Filing Date: The application was filed on August 11, 2015. Applicant's Address: 475 Fifth Ave., New York, NY 10017. Torchlight Value Fund, Inc. [File No. 811-8920] Summary: Applicant, a feeder fund in a master feeder structure, seeks an order declaring that it has ceased to be an investment company. On July 31, 2015, applicant made a distribution to its shareholders, based on net asset value. Expenses of $468,712 incurred in connection with the liquidation were paid by Torchlight Investors, LLC, applicant's investment adviser. Filing Date: The application was filed on August 11, 2015. Applicant's Address: 475 Fifth Ave., New York, NY 10017. Sterling Capital Variable Insurance Funds [File No. 811-21682] Summary: Applicant seeks an order declaring that it has ceased to be an investment company. On April 24, 2015, applicant made a liquidating distribution to its shareholders, based on net asset value. Expenses of $20,000 incurred in connection with the liquidation were paid by applicant. Filing Date: The application was filed on July 31, 2015. Applicant's Address: 435 Fayetteville St., Raleigh, NC 27601. Cube Thematic Alternatives Fund [File No. 811-23006] Summary: Applicant, closed-end investment company, seeks an order declaring that it has ceased to be an investment company. Applicant has never made a public offering of its securities and does not propose to make a public offering or engage in business of any kind. Filing Date: The application was filed on July 29, 2015. Applicant's Address: 180 Great Portland St., London W1W 5QZ. Nuveen Equity Premium Opportunity Fund [File No. 811-21674] Summary: Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. Applicant transferred its assets to Nuveen S&P 500 BuyWrite Income Fund, and on December 22, 2014, made a distribution to its shareholders based on net asset value. Expenses of $867,895 incurred in connection with the reorganization were paid by applicant and the acquiring fund. Filing Dates: The application was filed on June 26, 2015, and amended on August 7, 2015. Applicant's Address: Nuveen Investments, 333 West Wacker Dr., Chicago, IL 60606. For the Commission, by the Division of Investment Management, pursuant to delegated authority. Robert W. Errett, Deputy Secretary. [FR Doc. 2015-21955 Filed 9-3-15; 8:45 am] BILLING CODE 8011-01-P
![53592 Federal Register / Vol. 80, No. 172 / Friday, September 4, 2015 / Notices
confirmatory action letter dated NRC staff’s response to them are Pursuant to Rule 0–5 under the Act,
November 11, 2011, are completed. included with this director’s decision. hearing requests should state the nature
(7) The licensee needs to address the The Director of the Office of Nuclear of the writer’s interest, any facts bearing
possibility of both boildown and rapid Reactor Regulation has determined that upon the desirability of a hearing on the
draindown events at the North Anna 1 the request to suspend the operating matter, the reason for the request, and
and 2, spent fuel pool. licenses for North Anna 1 and 2, until the issues contested. Persons who wish
(8) The long-term storage of spent fuel the completion of a set of activities to be notified of a hearing may request
in the spent fuel pool at North Anna 1 described in the petition, be partially notification by writing to the
and 2, and at the North Anna ISFSI granted and partially denied. The Commission’s Secretary.
poses challenges to the public health reasons for this decision are explained ADDRESSES: The Commission: Brent J.
and safety. in the director’s decision DD–15–09 Fields, Secretary, U.S. Securities and
(9) ‘‘Hardened on-site storage’’ pursuant to Section 2.206 of Title 10 of Exchange Commission, 100 F Street NE.,
strategies for spent fuel should be used the Code of Federal Regulations (10 Washington, DC 20549–1090.
at North Anna 1 and 2. CFR) of the Commission’s regulations. FOR FURTHER INFORMATION CONTACT:
(10) Concerns exist about the response The NRC will file a copy of the Chief Counsel’s Office at (202) 551–
of North Anna 1 and 2, to a prolonged director’s decision with the Secretary of 6821, SEC, Division of Investment
station blackout. the Commission for the Commission’s Management, Chief Counsel’s Office,
(11) The current emergency review in accordance with 10 CFR 100 F Street NE., Washington, DC
evacuation plans for North Anna 1 and 2.206. As provided for by this 20549–8010.
2, need to be revised to reflect the regulation, the director’s decision will
constitute the final action of the Cornerstone Progressive Return Fund
possible need to evacuate a larger area
Commission 25 days after the date of the [File No. 811–22066]
than that identified in the current
emergency planning zone. decision, unless the Commission, on its Summary: Applicant, a closed-end
(12) Concerns exist about damage to own motion, institutes a review of the investment company, seeks an order
the structural integrity of the spent fuel director’s decision in that time. declaring that it has ceased to be an
pool structure at North Anna 1 and 2, Dated at Rockville, Maryland, this 21st day investment company. Applicant
as represented on pages 41 and 42 of the of August, 2015. transferred its assets to Cornerstone
NRC staff’s technical evaluation for the For the Nuclear Regulatory Commission. Strategic Value Fund, Inc., and on June
restart of North Anna 1 and 2, dated Michele G. Evans, 26, 2015, made a distribution to its
November 11, 2011. Acting Director, Office of Nuclear Reactor shareholders based on net asset value.
On December 12, 2012 and February Regulation. Expenses of $335,585 incurred in
2, 2012, the petitioners and the licensee [FR Doc. 2015–22048 Filed 9–3–15; 8:45 am] connection with the reorganization were
met with the NRC staff’s petition review BILLING CODE 7590–01–P
paid by applicant and the acquiring
board (meeting transcripts under fund.
ADAMS Accession Nos. ML12033A025 Filing Dates: The application was
and ML12047A240), regarding the filed on June 30, 2015, and amended on
SECURITIES AND EXCHANGE
petition. These meetings gave the July 30, 2015.
COMMISSION Applicant’s Address: 48 Wall St.,
petitioner and the licensee an
opportunity to provide additional [Release No. IC–31800] 22nd Floor, New York, NY 10005.
information and to clarify issues raised Notice of Applications for db-X Exchange-Traded Funds Inc. [File
in the petition. Deregistration Under Section 8(f) of the No. 811–22001]
The NRC staff issued a partial DD on Investment Company Act of 1940 Summary: Applicant seeks an order
October 19, 2012 (ADAMS Accession declaring that it has ceased to be an
No. ML12262A156). Twelve of the August 28, 2015. investment company. On May 27, 2015,
concerns were accepted for review by The following is a notice of applicant made a liquidating
the NRC staff. As detailed in the partial applications for deregistration under distribution to its shareholders, based
DD, eight of these concerns were closed. section 8(f) of the Investment Company on net asset value. Expenses of $35,000
The remaining four concerns accepted Act of 1940 for the month of August incurred in connection with the
for review were identified as those that 2015. A copy of each application may be liquidation were paid by DBX Strategic
may take longer than the target obtained via the Commission’s Web site Advisors LLC, applicant’s investment
timeframe for reaching a decision on a by searching for the file number, or for adviser.
petition based on the fact they were an applicant using the Company name Filing Date: The application was filed
undergoing NRC review as part of the box, at http://www.sec.gov/search/ on July 31, 2015.
agency’s response to the Fukushima search.htm or by calling (202) 551– Applicant’s Address: 60 Wall St., New
event in Japan. 8090. An order granting each York, NY 10005.
Regarding the four remaining application will be issued unless the
concerns, the NRC staff sent a copy of SEC orders a hearing. Interested persons Principled Equity Market Fund [File
the proposed DD to the Petitioners and may request a hearing on any No. 811–8492]
to the licensee for comment on April 17, application by writing to the SEC’s Summary: Applicant, a closed-end
2015 (ADAMS Accession Nos. Secretary at the address below and investment company, seeks an order
mstockstill on DSK4VPTVN1PROD with NOTICES
ML14311A616 and ML15061A133, serving the relevant applicant with a declaring that it has ceased to be an
respectively). The Petitioners provided copy of the request, personally or by investment company. On August 5,
comments in a response dated May 18, mail. Hearing requests should be 2015, applicant made a final liquidating
2015 (ADAMS Accession No. received by the SEC by 5:30 p.m. on distribution to its shareholders, based
ML15138A277) and the licensee September 22, 2015, and should be on net asset value. Two shareholders of
provided comments in a response dated accompanied by proof of service on record have not received their
May 20, 2015 (ADAMS Accession No. applicants, in the form of an affidavit or, liquidating distributions because
ML15147A517). The comments and the for lawyers, a certificate of service. applicant has been unable to locate
VerDate Sep<11>2014 16:57 Sep 03, 2015 Jkt 235001 PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 E:\FR\FM\04SEN1.SGM 04SEN1](https://thefederalregister.org/doc/80_FR_53764/page/1.svg)
![Federal Register / Vol. 80, No. 172 / Friday, September 4, 2015 / Notices 53593
them. Applicant’s custodian is holding Sterling Capital Variable Insurance SECURITIES AND EXCHANGE
an aggregate amount of $10,854, which Funds [File No. 811–21682] COMMISSION
will escheat to the state of last residence
Summary: Applicant seeks an order [Investment Company Act Release No.
of each shareholder if their distributions 31801; 812–14484]
remain unclaimed. Expenses of declaring that it has ceased to be an
$110,800 incurred in connection with investment company. On April 24, The Glenmede Portfolios and
the liquidation were paid by applicant. 2015, applicant made a liquidating Glenmede Investment Management LP;
Applicant has also retained $128,566 in distribution to its shareholders, based Notice of Application
cash to cover outstanding liabilities. on net asset value. Expenses of $20,000
Filing Date: The application was filed incurred in connection with the August 31, 2015.
on August 14, 2015. liquidation were paid by applicant. AGENCY: Securities and Exchange
Applicant’s Address: 20 William Commission (‘‘Commission’’).
Filing Date: The application was filed
Street, Wellesley, MA 02481. ACTION: Notice of an application for an
on July 31, 2015.
Oppenheimer Institutional Treasury order under section 6(c) of the
Applicant’s Address: 435 Fayetteville Investment Company Act of 1940
Money Market Fund [File No. 811– St., Raleigh, NC 27601.
22261] (‘‘Act’’) for an exemption from sections
Cube Thematic Alternatives Fund [File 2(a)(32), 5(a)(1), 22(d) and 22(e) of the
Summary: Applicant seeks an order Act and rule 22c–1 under the Act, under
declaring that it has ceased to be an No. 811–23006]
sections 6(c) and 17(b) of the Act for an
investment company. Applicant has Summary: Applicant, closed-end exemption from sections 17(a)(1) and
never made a public offering of its investment company, seeks an order (a)(2) of the Act, and under section
securities and does not propose to make declaring that it has ceased to be an 12(d)(1)(J) of the Act for an exemption
a public offering or engage in business from sections 12(d)(1)(A) and (B) of the
investment company. Applicant has
of any kind. Act.
never made a public offering of its
Filing Date: The application was filed
on August 19, 2015. securities and does not propose to make
APPLICANTS: The Glenmede Portfolios
Applicant’s Address: 6803 S. Tucson a public offering or engage in business
(the ‘‘Trust’’) and Glenmede Investment
Way, Centennial, CO 80112. of any kind. Management LP (‘‘GIM’’).
Filing Date: The application was filed SUMMARY OF APPLICATION: Applicants
Torchlight Value Fund Master, LLC
[File No. 811–21122] on July 29, 2015. request an order that permits: (a)
Applicant’s Address: 180 Great Actively-managed series of certain
Summary: Applicant seeks an order open-end management investment
declaring that it has ceased to be an Portland St., London W1W 5QZ.
companies to issue shares (‘‘Shares’’)
investment company. Nuveen Equity Premium Opportunity redeemable in large aggregations only
Applicant represents that it currently Fund [File No. 811–21674] (‘‘Creation Units’’); (b) secondary market
has fewer than 100 beneficial owners of transactions in Shares to occur at
its securities and will continue to Summary: Applicant, a closed-end
negotiated market prices; (c) certain
operate as a private fund in reliance on investment company, seeks an order
series to pay redemption proceeds,
section 3(c)(1) of the Act. Applicant declaring that it has ceased to be an under certain circumstances, more than
states that it is not making, has never investment company. Applicant seven days from the tender of Shares for
made and does not intend to make a transferred its assets to Nuveen S&P 500 redemption; (d) certain affiliated
public offering of its securities. BuyWrite Income Fund, and on persons of the series to deposit
Applicant further represents that it has December 22, 2014, made a distribution securities into, and receive securities
notified its beneficial owners that to its shareholders based on net asset from, the series in connection with the
certain legal protections offered to value. Expenses of $867,895 incurred in purchase and redemption of Creation
shareholders of an investment company connection with the reorganization were Units; and (e) certain registered
registered under the Act will no longer paid by applicant and the acquiring management investment companies and
apply. fund. unit investment trusts outside of the
Filing Date: The application was filed
Filing Dates: The application was same group of investment companies as
on August 11, 2015.
filed on June 26, 2015, and amended on the series to acquire Shares.
Applicant’s Address: 475 Fifth Ave.,
New York, NY 10017. August 7, 2015. FILING DATE: The application was filed
on June 11, 2015.
Torchlight Value Fund, Inc. [File No. Applicant’s Address: Nuveen
HEARING OR NOTIFICATION OF HEARING: An
811–8920] Investments, 333 West Wacker Dr.,
order granting the requested relief will
Chicago, IL 60606.
Summary: Applicant, a feeder fund in be issued unless the Commission orders
a master feeder structure, seeks an order For the Commission, by the Division of a hearing. Interested persons may
declaring that it has ceased to be an Investment Management, pursuant to request a hearing by writing to the
investment company. On July 31, 2015, delegated authority. Commission’s Secretary and serving
applicant made a distribution to its Robert W. Errett, applicants with a copy of the request,
shareholders, based on net asset value. Deputy Secretary. personally or by mail. Hearing requests
mstockstill on DSK4VPTVN1PROD with NOTICES
Expenses of $468,712 incurred in [FR Doc. 2015–21955 Filed 9–3–15; 8:45 am] should be received by the Commission
connection with the liquidation were by 5:30 p.m. on September 25, 2015,
BILLING CODE 8011–01–P
paid by Torchlight Investors, LLC, and should be accompanied by proof of
applicant’s investment adviser. service on applicants, in the form of an
Filing Date: The application was filed affidavit or, for lawyers, a certificate of
on August 11, 2015. service. Pursuant to rule 0–5 under the
Applicant’s Address: 475 Fifth Ave., Act, hearing requests should state the
New York, NY 10017. nature of the writer’s interest, any facts
VerDate Sep<11>2014 16:57 Sep 03, 2015 Jkt 235001 PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 E:\FR\FM\04SEN1.SGM 04SEN1](https://thefederalregister.org/doc/80_FR_53764/page/2.svg)
Document Created: 2015-12-15 09:58:26
Document Modified: 2015-12-15 09:58:26
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Dates | The application was filed on June 30, 2015, and amended on July 30, 2015. | |
| Contact | Chief Counsel's Office at (202) 551- 6821, SEC, Division of Investment Management, Chief Counsel's Office, 100 F Street NE., Washington, DC 20549-8010. | |
| FR Citation | 80 FR 53592 |
2024 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR