Federal Register / Vol. 73, No. 173 / Friday, September 5, 2008 / Notices 51869 

providers include a request that the 

recipient send the source information to 

the beneficial shareholder if the 

recipient is other than the beneficial 

shareholder of the stock to which the 

notice relates. 

5. Another concern underlying 

section 19(b) and rule 19b–1 is that 

frequent long-term capital gains 

distributions could facilitate improper 

distribution practices, including, in 

particular, the practice of urging an 

investor to purchase fund shares on the 

basis of an upcoming dividend (‘‘selling 

the dividend’’) where the dividend 

results in an immediate corresponding 

reduction in net asset value and would 

be, in effect, a return of the investor’s 

capital. Applicants state that the 

‘‘selling the dividend’’ concern is not 

applicable to Auction Market Preferred 

Stock, which entitles a holder to a 

specified periodic dividend and no 

more, and like a debt security, is 

initially sold at a price based on its 

liquidation preference, credit quality, 

dividend rate and frequency of 

payment. 

6. Applicants state that another 

concern leading to the adoption of 

section 19 and rule 19b–1, an increase 

in administrative costs, is not present 

because the Funds will make the same 

number of distributions with respect to 

their Auction Market Preferred Stock 

regardless of whether the 

characterization of such distributions is 

income or long-term capital gains. 

7. Section 6(c) of the Act provides that 

the Commission may exempt any 

person, security, or transaction or class 

or classes of any persons, securities, or 

transactions from any provision of the 

Act, if and to the extent that the 

exemption is necessary or appropriate 

in the public interest and consistent 

with the protection of investors and the 

purposes fairly intended by the policy 

and provisions of the Act. For the 

reasons stated above, applicants believe 

that the requested relief satisfies this 

standard. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. E8–20615 Filed 9–4–08; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. IC–28371] 

Notice of Applications for 

Deregistration Under Section 8(f) of the 

Investment Company Act of 1940 

August 29, 2008. 

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, 

2008. A copy of each application may be 

obtained for a fee at the Commission’s 

Public Reference Room, 100 F Street, 

NE., Washington, DC 20549–1520 (tel. 

202–551–5850). 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 23, 2008, 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 who wish to be notified of a 

hearing may request notification by 

writing to the Secretary, U.S. Securities 

and Exchange Commission, 100 F 

Street, NE., Washington, DC 20549–

1090. 

For Further Information Contact: 

Diane L. Titus at (202) 551–6810, SEC, 

Division of Investment Management, 

Office of Investment Company 

Regulation, 100 F Street, NE., 

Washington, DC 20549–4041. 

Credit Suisse Japan Equity Fund, Inc. 

[File No. 811–7371] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On April 22, 

2008, applicant made a liquidating 

distribution to its shareholders, based 

on net asset value. Expenses of $48,327 

incurred in connection with the 

liquidation were paid by Credit Suisse 

Asset Management, LLC, applicant’s 

investment adviser. Applicant has 

retained $41,722 in cash for the 

payment of outstanding expenses. 

Filing Date: The application was filed 

on July 24, 2008. 

Applicant’s Address: c/o Credit 

Suisse Asset Management, LLC, Eleven 

Madison Ave., New York, NY 10010. 

AIM Select Real Estate Income Fund 

[File No. 811–21048] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. On March 12, 

2007, applicant transferred its assets to 

a corresponding series of AIM 

Counselor Series Trust, based on net 

asset value. Expenses of $502,800 

incurred in connection with the 

reorganization were paid by applicant. 

Filing Date: The application was filed 

on August 8, 2008. 

Applicant’s Address: 11 Greenway 

Plaza, Suite 100, Houston, TX 77046–

1173. 

SEI Opportunity Master Fund, L.P. [File 

No. 811–21352] 

Summary: Applicant, a closed-end 

investment company and a master fund 

in a master-feeder structure, seeks an 

order declaring that it has ceased to be 

an investment company. On July 23, 

2008, applicant made a final liquidating 

distribution to its three feeder funds, 

based on net asset value. Expenses of 

$3,250 incurred in connection with the 

liquidation were paid by applicant. 

Filing Date: The application was filed 

on August 8, 2008. 

Applicant’s Address: One Freedom 

Valley Dr., Oaks, PA 19456. 

CGM Capital Development Fund [File 

No. 811–933] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On June 27, 2008, 

applicant transferred its assets to CGM 

Focus Fund, a series of CGM Trust, 

based on net asset value. Expenses of 

$335,000 incurred in connection with 

the reorganization were paid by Capital 

Growth Management Limited 

Partnership, applicant’s investment 

adviser. 

Filing Date: The application was filed 

on August 11, 2008. 

Applicant’s Address: One 

International Place, Boston, MA 02110. 

AllianceBernstein International 

Research Growth Fund, Inc. [File No. 

811–8527] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On July 25, 2008, 

applicant transferred its assets to 

AllianceBernstein International Growth 

Fund, Inc., based on net asset value. 

Expenses of $269,000 incurred in 

connection with the reorganization were 

paid by applicant. 

Filing Date: The application was filed 

on August 11, 2008. 

Applicant’s Address: 1345 Avenue of 

the Americas, New York, NY 10105. 

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51870 Federal Register / Vol. 73, No. 173 / Friday, September 5, 2008 / Notices 

1 15 U.S.C. 78s(b)(1). 

UBS Health Sciences Fund, L.L.C. [File 

No. 811–9985] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. On June 19, 2008, 

applicant made a final liquidating 

distribution to its shareholders, based 

on net asset value. Expenses of $11,045 

incurred in connection with the 

liquidation were paid by applicant. 

Filing Dates: The application was 

filed on June 30, 2008 and amended on 

August 15, 2008. 

Applicant’s Address: c/o UBS 

Financial Services, Inc., 51 West 52nd 

St., New York, NY 10019. 

IQ Tax Advantaged Dividend Income 

Fund Inc. [File No. 811–21555]; S&P 

500 GEAREDSM Fund V Inc. [File No. 

811–21692]; NASDAQ–100 GEAREDSM 

Fund Inc. [File No. 811–21693]; S&P 

500 GEAREDSM Fund II Inc. [File No. 

811–21794] 

Summary: Each applicant, a closedend investment company, seeks an 

order declaring that it has ceased to be 

an investment company. Applicants 

have never made a public offering of 

their securities and do not propose to 

make a public offering or engage in 

business of any kind. 

Filing Date: The applications were 

filed on July 24, 2008. 

Applicants’ Address: 2 World 

Financial Center, 7th Floor, 225 Liberty 

St., New York, NY 10281. 

Eaton Vance Prime Rate Reserves [File 

No. 811–5808]; EV Classic Senior 

Floating-Rate Fund [File No. 811–7946]; 

Eaton Vance Advisers Senior FloatingRate Fund [File No. 811–8671]; Eaton 

Vance Institutional Senior FloatingRate Fund [File No. 811–9249] 

Summary: Each applicant, a closedend investment company, seeks an 

order declaring that it has ceased to be 

an investment company. On March 14, 

2008, each applicant transferred its 

assets to Eaton Vance Floating-Rate 

Advantage Fund, a series of Eaton 

Vance Mutual Funds Trust, based on net 

asset value. Expenses of $240,232, 

$238,662, $88,464 and $30,397, 

respectively, incurred in connection 

with the reorganizations were paid by 

applicants. 

Filing Date: The applications were 

filed on July 23, 2008. 

Applicants’ Address: The Eaton 

Vance Building, 255 State St., Boston, 

MA 02109. 

Sage Life Investment Trust [File No. 

811–8623] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On May 29, 2003, 

Applicant’s board of directors approved 

Applicant’s liquidation. On May 30, 

2003, Applicant made a liquidating 

distribution to its shareholders, based 

on net asset value. Expenses of 

$35,050.15 incurred in connection with 

the liquidation were paid by Applicant 

and its investment advisor, Sage 

Advisors, Inc. Applicant has no assets 

or liabilities and is not now engaged, or 

intending to engage, in any business 

activities other than those necessary for 

winding up its affairs. 

Filing Dates: The application was 

filed on December 24, 2003, and 

amended on June 24, 2008. 

Applicant’s Address: 175 King Street, 

Armonk, New York, 10504. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. E8–20550 Filed 9–4–08; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500–1] 

In the Matter of Continental Beverage 

and Nutrition, Inc.; Order of 

Suspension of Trading 

September 3, 2008. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Continental 

Beverage and Nutrition, Inc. 

(‘‘Continental’’) because it has not filed 

any periodic reports since it filed a 

Form 10–QSB for the period ended 

November 30, 2006. 

The Commission is of the opinion that 

the public interest and the protection of 

investors require a suspension of trading 

in the securities of Continental. 

Therefore, it is ordered, pursuant to 

Section 12(k) of the Securities Exchange 

Act of 1934, that trading in the 

securities of Continental is suspended 

for the period from 9:30 a.m. EDT on 

September 3, 2008, through 11:59 p.m. 

EDT on September 16, 2008. 

By the Commission. 

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. E8–20707 Filed 9–3–08; 11:15 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–58436; File No. SR–DTC–

2008–11] 

Self-Regulatory Organizations; The 

Depository Trust Company; Notice of 

Filing of a Proposed Rule Change To 

Implement a New Service to Allow 

Issuers To Track and Limit the Number 

of Beneficial Owners for an Individual 

CUSIP 

August 27, 2008. 

Pursuant to section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 notice is hereby given that on 

August 6, 2008, The Depository Trust 

Company (‘‘DTC’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared primarily by DTC. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The purpose of the rule change is to 

implement a new service that will allow 

issuers, either themselves or through an 

issuer-designated administrator, to track 

and limit the number of beneficial 

owners for an individual CUSIP. This 

service would be called the Security 

Holder Tracking Service (‘‘SH Tracking 

Service’’). 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

DTC included statements concerning 

the purpose of and basis for the 

proposed rule change and discussed any 

comments it received on the proposed 

rule change. The text of these statements 

may be examined at the places specified 

in Item IV below. DTC has prepared 

summaries, set forth in sections A, B, 

and C below, of the most significant 

aspects of such statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Background 

A group of investment banks 

requested that DTC assist them in 

providing greater liquidity and access to 

capital for securities of closely held 

mstockstill on PROD1PC66 with NOTICES