Document ID: SEC-2015-0740-0001
Agency: sec
Document Type: Notice
Title: Applications for Deregistration under the Investment Company Act
Posted Date: 2015-04-30T04:00Z

[Federal Register Volume 80, Number 83 (Thursday, April 30, 2015)]
[Notices]
[Pages 24305-24307]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-10094]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-31578]

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

April 24, 2015.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
April 2015. 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 May 19, 2015, 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: Brent J. Fields, 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, Chief Counsel's Office, 100 F Street 
NE., Washington, DC 20549-8010.

UBS Cashfund Inc. [File No. 811-2802]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On June 19, 2014, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Applicant has retained $4,093 in cash to pay outstanding liabilities. 
Expenses of $66,724 incurred in connection with the liquidation were 
paid by UBS Global Asset Management (Americas) Inc., applicant's 
investment adviser.
    Filing Date: The application was filed on March 12, 2015.
    Applicant's Address: c/o UBS Global Asset Management (Americas) 
Inc., Attn: Keith A. Weller, 1285 Avenue of the Americas, 12th Floor, 
New York, NY 10019-6028.

Ambassador Funds [File No. 811-9941]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On October 15, 2012, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses incurred in

[[Page 24306]]

connection with the liquidation were paid by applicant's investment 
adviser.
    Filing Date: The application was filed on May 7, 2013.
    Applicant's Address: 500 Griswold St., Suite 2800, Detroit, MI 
48226.

ISI Strategy Fund, Inc. [File No. 811-8291]

Total Return U.S. Treasury Fund, Inc. [File No. 811-5040]

North American Government Bond Fund, Inc. [File No. 811-7292]

Managed Municipal Fund, Inc. [File No. 811-6023]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. Applicants transferred their assets to 
corresponding series of Centre Funds, and on March 17, 2015, made a 
distribution to their shareholders based on net asset value. Expenses 
of $64,178 incurred in connection with the reorganizations were paid by 
International Strategy & Investment Inc., the investment adviser of the 
acquiring trust.
    Filing Date: The applications were filed on April 7, 2015.
    Applicants' Address: ALPS Fund Services, Inc., 1290 Broadway, Ste. 
1100, Denver, CO 80203.

Exchange Listed Funds Trust [File No. 811-23026]

    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 March 13, 2015.
    Applicant's Address: 2545 S. Kelly Ave. Ste. C, Edmond, OK 73013.

Sound Point Floating Rate Income Fund [File No. 811-22768]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant 
transferred its assets to Trust for Advised Portfolios, and on May 30, 
2014, made distributions to its shareholders based on net asset value. 
Expenses of approximately $85,103 incurred in connection with the 
reorganization were paid by Sound Point Capital Management, L.P., 
applicant's investment adviser.
    Filing Dates: The application was filed on February 18, 2015, and 
amended on April 7, 2015.
    Applicant's Address: 375 Park Ave., 25th Floor, New York, NY 10152.

Wexford Trust [File No. 811-5469]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant transferred its assets to Managed 
Portfolio Series, and on September 5, 2014, made a distribution to its 
shareholders based on net asset value. Expenses of $147,793 incurred in 
connection with the reorganization were paid by Muhlenkamp & Company, 
Inc., applicant's investment adviser.
    Filing Date: The application was filed on April 7, 2015.
    Applicant's Address: 5000 Stonewood Dr., Ste. 300, Wexford, PA 
15090-8388.

Global Equity Long/Short Master Fund [File No. 811-22459]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant 
transferred its asset to Morgan Creek Global Equity Long/Short 
Institutional Fund in a despoking transaction, and on July 1, 2014, 
made distributions to its shareholders based on net asset value. 
Expenses of $31,920 incurred in connection with the liquidation were 
ultimately paid by applicant's shareholders.
    Filing Dates: The application was filed on December 10, 2014, and 
amended on April 2, 2015.
    Applicant's Address: 301 West Barbee Chapel Rd., Suite 200, Chapel 
Hill, NC 27517.

American Strategic Income Portfolio Inc. [File No. 811-6404]

American Strategic Income Portfolio Inc. II [File No. 811-6640]

    Summary: Each applicant, a closed-end investment company, seeks an 
order declaring that it has ceased to be an investment company. 
Applicants transferred their assets to Diversified Real Asset Income 
Fund, and on September 8, 2014 made distributions to their shareholders 
based on net asset value. Expenses of $233,545 and $752,809, 
respectively, incurred in connection with the reorganizations were paid 
by applicants and the investment advisers of the applicants and the 
acquiring fund, or their affiliates.
    Filing Dates: The applications were filed on December 22, 2014, and 
amended on March 20, 2015.
    Applicants' Address: 800 Nicollet Mall, BC-MN-H04N, Minneapolis, MN 
55402.

Hatteras GPEP Fund II, LLC [File No. 811-22594]

    Summary: Applicant, a closed-end investment company, 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. Applicant currently has fewer than 100 holders 
of its securities and intends to continue operation as a private fund 
in reliance on section 3(c)(1) of the Act. Applicant has notified its 
beneficial owners that certain legal protections afforded to 
shareholders of an investment company registered under the Act will no 
longer apply.
    Filing Dates: The application was filed on January 9, 2015, and 
amended on April 9, 2015.
    Applicant's Address: 6601 Six Forks Rd., Suite 340, Raleigh, NC 
27615.

Eaton Vance Structured Emerging Markets Premium Income

Trust [File No. 811-22536]

Eaton Vance Inflation-Linked Income Credit Trust [File No. 811-22567]

    Summary: Each applicant, a closed-end 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 March 26, 2015.
    Applicants' Address: Two International Place, Boston, MA 02110.

Helios High Income Fund, Inc. [File No. 811-21332]

Helios Strategic Income Fund, Inc. [File No. 811-21487]

Helios Advantage Income Fund, Inc. [File No. 811-21631]

Helios Multi-Sector High Income Fund, Inc. [File No. 811-21833]

    Summary: Each applicant, each a closed-end investment company, 
seeks an order declaring that it has ceased to be an investment 
company. Each applicant transferred its assets to Brookfield High 
Income Fund Inc., and on August 13, 2014, made distributions to their 
shareholders based on net asset value. Expenses of $64,949, $62,360, 
$92.044 and $73,813, respectively, incurred in connection with the 
reorganizations were paid by each applicant and the acquiring fund.
    Filing Dates: The applications were filed on December 24, 2014, and 
amended on March 17, 2015.
    Applicants' Address: Brookfield Place, 250 Vesey St., New York, NY 
10281-1023.

[[Page 24307]]

Putnam Capital Appreciation Fund [File No. 811-7061]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant transferred its assets to Putnam 
Investors Fund, and on December 29, 2008, made a distribution to its 
shareholders based on net asset value. Expenses of approximately 
$66,568 incurred in connection with the reorganization were paid by 
applicant.
    Filing Date: The application was filed on April 15, 2015.
    Applicant's Address: One Post Office Sq., Boston, MA 02109.

Putnam Classic Equity Fund [File No. 811-7223]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant transferred its assets to The 
Putnam Fund for Growth and Income, and on December 29, 2008, made 
distributions to its shareholders based on net asset value. Expenses of 
approximately $66,568 incurred in connection with the reorganization 
were paid by applicant.
    Filing Date: The application was filed on April 15, 2015.
    Applicant's Address: One Post Office Sq., Boston, MA 02109.

Putnam Discovery Growth Fund [File No. 811-6203]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant transferred its assets to Putnam 
New Opportunities Fund (now known as Putnam Multi-Cap Growth Fund), and 
on December 29, 2008, made a distribution to its shareholders based on 
net asset value. Expenses of approximately $66,568 incurred in 
connection with the reorganization were paid by applicant.
    Filing Date: The application was filed on April 15, 2015.
    Applicant's Address: One Post Office Sq., Boston, MA 02109.

Putnam OTC & Emerging Growth Fund [File No. 811-3512]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant transferred its assets to Putnam 
Vista Fund, and on December 29, 2008, made distributions to its 
shareholders based on net asset value. Expenses of approximately 
$66,568 incurred in connection with the reorganization were paid by 
applicant.
    Filing Date: The application was filed on April 15, 2015.
    Applicant's Address: One Post Office Sq., Boston, MA 02109.

Putnam Tax-Free Health Care Fund [File No. 811-6659]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Applicant 
transferred its assets to Putnam Tax Exempt Income Fund, and on 
September 17, 2007, made a distribution to its shareholders based on 
net asset value. Expenses of approximately $335,299 incurred in 
connection with the reorganization were paid by applicant.
    Filing Date: The application was filed on April 13, 2015.
    Applicant's Address: One Post Office Sq., Boston, MA 02109.

Martin Currie Business Trust [File No. 811-8612]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On January 30, 2015, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $87,460 incurred in connection with the liquidation were 
paid by Martin Currie, Inc., applicant's investment adviser.
    Filing Dates: The application was filed on March 24, 2015, and 
amended on April 23, 2015.
    Applicant's Address: Saltire Court, 20 Castle Terrace, Edinburgh, 
Scotland EH1 2ES.

Security Equity Fund [File No. 811-22932]

    Summary: Applicant seeks an order declaring that i0t has ceased to 
be an investment company. Applicant transferred its assets to a 
corresponding shell series of Guggenheim Funds Trust, and on January 
27, 2014 and September 23, 2014, made distributions to its shareholders 
based on net asset value. Expenses of $523,662 incurred in connection 
with the reorganization were paid by applicant and Security Investors, 
LLC, applicant's investment adviser.
    Filing Dates: The application was filed on February 19, 2015, and 
amended on April 23, 2015.
    Applicant's Address: 805 King Farm Blvd., Ste. 600, Rockville, MD 
20850.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Brent J. Fields,
Secretary.
[FR Doc. 2015-10094 Filed 4-29-15; 8:45 am]
 BILLING CODE 8011-01-P