81 FR 51522 - Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 150 (August 4, 2016)

Applicant, a unit investment trust, seeks an order declaring that it has ceased to be an investment company. Applicant will continue to operate as a private investment fund in reliance on section 3(c)(1) of the Act. Filing Dates: The application was filed on June 29, 2016 and amended on July 12, 2016. Applicant's Address: 601 6th Avenue, Des Moines, Iowa 50309.

[Federal Register Volume 81, Number 150 (Thursday, August 4, 2016)]
[Notices]
[Pages 51522-51523]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-18468]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-32198]


Notice of Applications for Deregistration Under Section 8(f) of 
the Investment Company Act of 1940

July 29, 2016.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
July 2016. 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 August 23, 2016, 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: Secretary, U.S. Securities and Exchange 
Commission, 100 F Street NE., Washington, DC 20549-1090.

FOR FURTHER INFORMATION CONTACT:  Jessica Shin, Attorney-Adviser, at 
(202) 551-5921 or 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.

American Republic Variable Annuity Account

 [File No. 811-04921]

    Summary: Applicant, a unit investment trust, seeks an order 
declaring that it has ceased to be an investment company. Applicant 
will continue to operate as a private investment fund in reliance on 
section 3(c)(1) of the Act.
    Filing Dates: The application was filed on June 29, 2016 and 
amended on July 12, 2016.
    Applicant's Address: 601 6th Avenue, Des Moines, Iowa 50309.

Stratus Fund Inc.

[File No. 811-06259]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 10, 2016, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $67,531.59 incurred in connection with the liquidation were 
paid by the applicant.
    Filing Date: The application was filed on June 30, 2016.
    Applicant's Address: 6801 S. 27th Street, P.O. Box 82535, Lincoln, 
Nebraska 68501.

Fort Dearborn Income Securities, Inc.

[File No. 811-02319]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to UBS Total Return Bond Fund and, on May 
23, 2016, made a final distribution to its shareholders based on net 
asset value. Expenses of $430,602.97 incurred in connection with the 
reorganization were paid by the applicant.
    Filing Dates: The application was filed on June 30, 2016 and 
amended on July 22, 2016.
    Applicant's Address: One North Wacker Drive, Chicago, Illinois 
60606.

American Real Estate Income Fund

[File No. 811-22599]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On March 22, 
2016 and March 30, 2016, applicant made liquidating distributions to 
its shareholders, based on net asset value. In-kind share 
distributions, which required re-registrations of shares in order to 
complete the distributions, were effected on various dates between 
March 30, 2016 and June 30, 2016. Expenses of $132,000 incurred in 
connection with the liquidation were paid by the applicant and 
applicant's investment adviser.
    Filing Dates: The application was filed on March 31, 2016 and June 
30, 2016.
    Applicant's Address: 405 Park Avenue, 14th Floor, New York, New 
York 10022.

Capital Southwest Venture Corporation

[File No. 811-01947]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On June 14, 
2016, June 30, 2016, and July 8, 2016, applicant made liquidating 
distributions to its shareholders. Expenses of $36,944 incurred in 
connection with the liquidation were paid by an affiliate, Capital 
Southwest Corporation.
    Filing Date: The application was filed on July 12, 2016.
    Applicant's Address: 5400 Lyndon B. Johnson Freeway, Suite 1300, 
Dallas, Texas 75240.

Iowa Public Agency Investment Trust

[File No. 811-07696]

    Summary: Applicant is a common law trust organized and operated as 
a diversified, open-end management investment company. Applicant states 
that it was established under Iowa law, which authorizes Iowa cities, 
counties, and municipal utilities to jointly invest their monies 
pursuant to a joint investment agreement.
    Applicant states that in 1993 it voluntarily registered under the 
Act.

[[Page 51523]]

Applicant states that at a meeting on February 27, 2016 its Board of 
Trustees determined that it was in the best interests of applicant to 
seek an order declaring that it has ceased to be an investment company. 
Applicant states that it is an instrumentality of the State of Iowa. 
Applicant further states that if an order for deregistration is granted 
it will continue to operate in reliance on the Section 2(b) exemption 
from registration under the Act.
    Filing Date: The application was filed on July 21, 2016.
    Applicant's Address: 1415 28th Street, Suite 200, West Des Moines, 
Iowa 50266.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-18468 Filed 8-3-16; 8:45 am]
 BILLING CODE 8011-01-P