[Federal Register Volume 60, Number 210 (Tuesday, October 31, 1995)]
[Notices]
[Pages 55390-55391]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26936]
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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21449; 811-5995]
The Advantage Municipal Bond Fund; Notice of Application
October 25, 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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Application: Advantage Municipal Bond Fund.
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 August 1, 1995, and amended
on October 23, 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 November 20,
1995, and should be accompanied by proof of service on applicant, in
the form of an affidavit, or for layers, 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 who wish to
be notified of a hearing may request notification by writing to the
SEC's Secretary.
ADDRESSES: Secretary, SEC, 450 5th Street, NW., Washington, DC 20549.
Applicant, 100 Federal Street, Boston, MA 02110.
FOR FURTHER INFORMATION CONTACT: Elaine M. Boggs, Staff Attorney, at
(202) 942-0572, or Alison E. Baur, 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, diversified management investment
company that was organized as a business trust under the laws of
Massachusetts. Applicant registered under the Act and filed a
registration statement under the Securities Act of 1933 on March 3,
1993. Applicant's registration statement under the Securities Act of
1933 was declared effective on June 2, 1993 and applicant commenced a
public offering of its shares on July 1, 1993.
2. On February 23, 1995, applicant's board of trustees considered
and approved a transfer of assets from applicant's portfolios, the
National Portfolio, the New York Portfolio, and the Pennsylvania
Portfolio, to the following series of MFS Municipal Series Trust (the
``Acquiring Fund''), respectively: MFS Municipal Income Fund, MFS New
York Municipal Bond Fund, and MFS Pennsylvania Municipal Bond Fund. The
Acquiring Fund is a registered investment company.
[[Page 55391]]
3. On March 29, 1995, applicant mailed proxy materials to its
shareholders. The definitive proxy materials were filed with the
Commission on March 31, 1995. On April 28, 1995, applicant's
shareholders approved the reorganization.
4. On May 1, 1995, applicant transferred all of the assets and
liabilities of each of its portfolios to the corresponding series of
the Acquiring Fund based on the aggregate net asset value of the funds.
Immediately after the transfer of assets, applicant distributed to
shareholders of each of applicant's portfolios the shares it received
from the corresponding Acquiring Fund's series in the reorganization.
Each shareholder received the proportion of shares of the Acquiring
Fund's series corresponding to the number of shares of beneficial
interest of applicant's portfolio owned by such shareholder in relation
to the number of such shares of applicant outstanding on that date.
5. Expenses consisted of legal costs, accounting costs, printing
and mailing costs, and costs of proxy solicitation. In an agreement
dated February 7, 1995, the Advest Group, Inc. and Massachusetts
Financial Services agreed to pay certain expenses in connection with
the reorganization. Applicant paid no portion of the expenses incurred
on its behalf.
6. After receipt of the requested order, applicant will file the
necessary documentation with the Commonwealth of Massachusetts to
terminate its existence as a Massachusetts business trust.
7. There are no securityholders to whom distributions in complete
liquidation of their interests have not been made. Applicant has
retained no assets. Applicant has no debts or other liabilities that
remain outstanding. Applicant is not a party to any litigation or
administrative proceeding.
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. 95-26936 Filed 10-30-95; 8:45 am]
BILLING CODE 8010-01-M