# EDGAR Filing Document

**Accession Number:** 0001076322
**File Stem:** 0001140361-23-014758
**Filing Date:** 2023-3
**Character Count:** 12557
**Document Hash:** 1a6a8bbf70f8df3098005277122a6edf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-014758.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001140361-23-014758

**CONFORMED SUBMISSION TYPE**: N-8F/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ZAZOVE CONVERTIBLE SECURITIES FUND INC
- **CENTRAL INDEX KEY:** 0001076322
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-8F/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09189
- **FILM NUMBER:** 23779495

**BUSINESS ADDRESS:**
- **STREET 1:** 1001 TAHOE BOULEVARD
- **CITY:** INCLINE VILLAGE
- **STATE:** NV
- **ZIP:** 89451
- **BUSINESS PHONE:** 7028326250

**MAIL ADDRESS:**
- **STREET 1:** 1001 TAHOE BOULEVARD
- **CITY:** INCLINE VILLAGE
- **STATE:** NV
- **ZIP:** 89451

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-8F

Application for Deregistration of Certain Registered Investment Companies.

**I.**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **General Identifying Information**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Reason fund is applying to deregister (check only one; for descriptions, see Instruction 1 above):

<br> ☐ Merger

<br> ☐ Liquidation

<br> ☒ Abandonment of Registration

(Note: Abandonments of Registration answer only questions 1 through 15, 24 and 25 of this form and complete verification at the end of the form.)

<br> ☐ Election of status as a Business Development Company (Note: Business Development Companies answer only questions 1 through 10 of this form and complete verification at the end of the form.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Name of fund: Zazove Convertible Securities Fund, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Securities and Exchange Commission File No.: 811-09189

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Is this an initial Form N-8F or an amendment to a previously filed Form N-8F?

<br> ☐ Initial Application

<br> ☒ Amendment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Address of Principal Executive Office (include No. & Street, City, State, Zip Code):

520 Lake Cook Road, Suite 178

Deerfield, IL 60015

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Name, address and telephone number of individual the Commission staff should contact with any questions regarding this form:

Nathan J. Greene , Esq.

Sidley Austin LLP<br>

787 Seventh Avenue

New York, New York 10019

Tel: 212-839-8673

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Name, address and telephone number of individual or entity responsible for maintenance and preservation of fund records in accordance with rules 31a-l and 31a-2 under the Act [17 CFR 270.31a-l, 31a-2]:

Zazove Associates, LLC

1001 Tahoe Blvd.

Incline Village, NV 89451

(records as investment adviser)

UMB Bank, N.A.

928 Grand Blvd.

Kansas City, MO 64106

(records as custodian)

UMB Fund Services

235 W. Galena Street

Milwaukee, WI 53212-3948

(records as Registrar and Transfer Agent)

NOTE: Once deregistered, a fund is still required to maintain and preserve the records described in rules 31a-1 and 31a-2 for the periods specified in those rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Classification of fund (check only one):

<br> ☒ Management company;

<br> ☐ Unit investment trust; or

☐ Face-amount certificate company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Subclassification if the fund is a management company (check only one):

<br> ☐ Open-end

<br> ☒ Closed–end

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. State law under which the fund was organized or formed (e.g., Delaware, Massachusetts):

Maryland

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Provide the name and address of each investment adviser of the fund (including sub-advisers) during the last five years, even if the fund's contracts with those advisers have been terminated:

Zazove Associates, LLC

1001 Tahoe Blvd.

Incline Village, NV 89451

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Provide the name and address of each principal underwriter of the fund during the last five years, even if the fund's contracts with those underwriters have been terminated:

None.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. If the fund is a unit investment trust ("UIT") provide:

Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depositor's name(s) and address(es)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustee's name(s) and address(es)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Is there a UIT registered under the Act that served as a vehicle for investment in the fund (e.g., an insurance company separate account)?

No

If Yes, for each UIT state: Not applicable.

Name(s):

File No.:

Business Address:

15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Did the fund obtain approval from the board of directors concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration?

Yes

If Yes, state the date on which the board vote took place:

March 24, 2022

If No, explain:

<br> (b) Did the fund obtain approval from the shareholders concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration?

Yes

If Yes, state the date on which the shareholder vote took place:

May 18, 2022

If No, explain:

**II.**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Distributions to Shareholders**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. Has the fund distributed any assets to its shareholders in connection with the Merger or Liquidation?

Not applicable.

<br> (a) If Yes, list the date(s) on which the fund made those distributions:

<br> (b) Were the distributions made on the basis of net assets?

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<br> (c) Were the distributions made pro rata based on share ownership?

<br> (d) If No to (b) or (c) above, describe the method of distributions to shareholders. For Mergers, provide the exchange ratio(s) used and explain how it was calculated:

<br> (e) Liquidations only:

Were any distributions to shareholders made in kind?

If Yes, indicate the percentage of fund shares owned by affiliates, or any other affiliation of shareholders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. Closed-end funds only:

Has the fund issued senior securities?

Not applicable.

If Yes, describe the method of calculating payments to senior securityholders and distributions to other shareholders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. Has the fund distributed all of its assets to the fund's shareholders?

Not applicable.

If No,

<br> (a) How many shareholders does the fund have as of the date this form is filed?

<br> (b) Describe the relationship of each remaining shareholder to the fund:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. Are there any shareholders who have not yet received distributions in complete liquidation of their interests?

Not applicable.

If Yes, describe briefly the plans (if any) for distributing to, or preserving the interests of, those shareholders: Not applicable.

**III.**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Assets and Liabilities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. Does the fund have any assets as of the date this form is filed?

(See question 18 above)

Not applicable.

If Yes, NOT APPLICABLE.

(a) Describe the type and amount of each asset retained by the fund as of the date this form is filed:

<br> (b) Why has the fund retained the remaining assets?

<br> (c) Will the remaining assets be invested in securities?

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. Does the fund have any outstanding debts (other than face-amount certificates if the fund is a face-amount certificate company) or any other liabilities?

Not applicable.

If Yes,

(a) Describe the type and amount of each debt or other liability:

<br> (b) How does the fund intend to pay these outstanding debts or other liabilities?

**IV.**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information About Event(s) Leading to Request For Deregistration**

22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; List the expenses incurred in connection with the Merger or Liquidation: Not applicable.

<br> (i) Legal expenses:

<br> (ii) Accounting expenses:

<br> (iii) Other expenses (list and identify separately):

(iv) Total expenses (sum of lines (i) - (iii) above):

<br> (b) How were those expenses allocated?

<br> (c) Who paid those expenses?

<br> (d) How did the fund pay for unamortized expenses (if any)?

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. Has the fund previously filed an application for an order of the Commission regarding the Merger or Liquidation?

Not applicable.

If Yes, cite the release numbers of the Commission's notice and order or, if no notice or order has been issued, the file number and date the application was filed:

**V.**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Conclusion of Fund Business**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. Is the fund a party to any litigation or administrative proceeding?

No

If Yes, describe the nature of any litigation or proceeding and the position taken by the fund in that litigation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. Is the fund now engaged, or intending to engage, in any business activities other than those necessary for winding up its affairs?

Yes

If Yes, describe the nature and extent of those activities:

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Zazove Convertible Securities Fund, Inc. (the "Fund") determined to abandon its registration and continue its operations as a private fund pursuant to Section 3(c)(1) of the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund has fewer than 100 holders of its securities and is not making, has never made and does not intend to make a public offering of its securities. (For reference, the Fund had 76 beneficial owners at the time of abandonment of registration and continuation as a private fund.) The Fund represents that it notified its beneficial owners via a Proxy Statement that upon abandonment of registration certain legal protections afforded to shareholders of an investment company registered under the 1940 Act no longer apply. The Fund's successor entity, which is currently operating as such a private fund in reliance on Section 3(c)(1), is Zazove Convertible Securities Fund, LP. Additional details regarding Zazove Convertible Securities Fund, LP are included in the Fund's Definitive Proxy Statement (Form Type: Sched. 14A), filed April 18, 2022, ICA File Number 811-09189 and SEC Accession No. 0001140361-22-014825.

**VI.**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Mergers Only**

26.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State the name of the fund surviving the Merger:

<br> (b) State the Investment Company Act file number of the fund surviving the Merger:

<br> (c) If the merger or reorganization agreement has been filed with the Commission, state the file number(s), form type used and date the agreement was filed:

<br> (d) If the merger or reorganization agreement has not been filed with the Commission, provide a copy of the agreement as an exhibit to this form.

VERIFICATION

The undersigned states that (i) he has executed this Form N-8F application for an order under section 8(f) of the Investment Company Act of 1940 on behalf of Zazove Convertible Securities Fund, Inc., (ii) he is Secretary and Treasurer of Zazove Convertible Securities Fund, Inc., and (iii) all actions by shareholders, directors, and any other body necessary to authorize the undersigned to execute and file this Form N-8F application have been taken. The undersigned also states that the facts set forth in this Form N-8F application are true to the best of his knowledge, information and belief.

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| |
|:---|
| Signature: |
| /s/ Steven M. Kleiman |
| Steven M. Kleiman |
| Secretary and Treasurer |

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