Document ID: SEC-2012-0017-0001
Agency: sec
Document Type: Notice
Title: Applications for Deregistration
Posted Date: 2012-01-06T05:00Z

[Federal Register Volume 77, Number 4 (Friday, January 6, 2012)]
[Notices]
[Pages 825-826]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-46]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-29898]

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

December 30, 2011.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
December 2011. A copy of each application may be obtained via the 
Commission's Web site by searching for the file number, or 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 January 24, 2012, 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 20549-8010.

Tax-Free Investments Trust

[File No. 811-2731]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 30, 2008, applicant transferred its 
assets to Tax-Free Cash Reserve Portfolio, a series of Short-Term 
Investments Trust, based on net asset value. Expenses of $29,100 
incurred in connection with the reorganization were paid by Invesco 
Advisers, Inc., applicant's investment adviser.
    Filing Dates: The application was filed on April 23, 2010 and 
amended on December 2, 2011.
    Applicant's Address: 11 Greenway Plaza, Suite 100, Houston, TX 
77046-1173.

Fidelity Capital Fund, Inc.

[File No. 811-791]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On December 31, 1979, applicant transferred 
its assets to Fidelity Trend Fund, Inc., based on net asset value. 
Expenses of approximately $100,000 incurred in connection with the 
reorganization were paid by applicant and the acquiring fund based on 
respective net assets.
    Filing Dates: The application was filed on October 17, 2011, and 
amended on December 1, 2011.
    Applicant's Address: 82 Devonshire St., Boston, MA 02109.

Rochdale High Yield Advances Fund, LLC

[File No. 811-22539]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On June 28, 
2011, applicant made a liquidating distribution to its shareholders, 
based on net asset value. Expenses of $3,500 incurred in connection 
with the liquidation were paid by Rochdale Investment Management, LLC, 
applicant's investment adviser.
    Filing Dates: The application was filed on September 21, 2011 and 
amended on December 16, 2011.
    Applicant's Address: 570 Lexington Ave., New York, NY 10022.

First Trust Strategic High Income Fund

[File No. 811-21756]

First Trust Strategic High Income Fund III

[File No. 811-21994]

    Summary: Each applicant, a closed-end investment company, seeks an 
order declaring that it has ceased to be an investment company. On 
October 3, 2011, applicants transferred their assets to First Trust 
Strategic High Income Fund II, based on net asset value. Total expenses 
of approximately $515,500 incurred in connection with the 
reorganization were paid by applicants and the acquiring fund on a pro 
rata basis, based on the net asset value of each fund prior to the 
closing date of the reorganization.
    Filing Dates: The applications were filed on October 27, 2011 and 
amended on December 16, 2011.
    Applicants' Address: 120 East Liberty Dr., Suite 400, Wheaton, IL 
60187.

CPG FrontPoint Multi-Strategy Fund

[File No. 811-22324]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On December 
1, 2011, applicant made a liquidating distribution to its shareholders, 
based on net asset value. Expenses of $11,000 incurred in connection 
with the liquidation were paid by applicant.
    Filing Date: The application was filed on December 1, 2011.
    Applicant's Address: c/o Central Park Advisers, LLC, 805 Third 
Ave., 18th Floor, New York, NY 10022.

Arden Sage Multi-Strategy TEI Fund, LLC

[File No. 811-22377]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On September 
30, 2011, applicant transferred its assets to Arden Sage Multi-Strategy 
Fund, LLC (f/k/a Robeco-Sage Multi-Strategy Fund, LLC), based on net 
asset value. Expenses of $38,000 incurred in connection with the 
reorganization were paid by Robeco

[[Page 826]]

Investment Management, Inc., applicant's former investment adviser.
    Filing Date: The application was filed on November 30, 2011.
    Applicant's Address: 375 Park Ave., 32nd floor, New York, NY 10152.

Arden Sage Multi-Strategy TEI Master Fund, LLC

[File No. 811-22222]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On September 
30, 2011, applicant transferred its assets to Arden Sage Multi-Strategy 
Master Fund, LLC (f/k/a Robeco-Sage Multi-Strategy Master Fund, LLC), 
based on net asset value. Expenses of $38,000 incurred in connection 
with the reorganization were paid by Robeco Investment Management, 
Inc., applicant's former investment adviser.
    Filing Date: The application was filed on November 30, 2011.
    Applicant's Address: 375 Park Ave., 32nd floor, New York, NY 10152.

Keystone High Yield Priority Value Fund

[File No. 811-6149]

    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 December 7, 2011.
    Applicant's Address: 200 Berkeley St., Boston, MA 02116.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-46 Filed 1-5-12; 8:45 am]
BILLING CODE 8011-01-P