SEC1938 Form N-54C

Form N-54C under the Investment Company Act, Notification of Withdrawal of Election to be Subject to Sections 55 through 65 of the Investment Company Act of 1940

formn-54c

OMB: 3235-0236

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-54C

OMB APPROVAL
OMB Number:
3235-0236
Expires:
January 31, 2015
Estimated average burden
hours per response . . . . . . . 1.00

NOTIFICATION OF WITHDRAWAL OF ELECTION TO BE SUBJECT TO
SECTIONS 55 THROUGH 65 OF THE INVESTMENT COMPANY ACT OF 1940
FILED PURSUANT TO SECTION 54(c) OF THE INVESTMENT COMPANY ACT OF 1940
The undersigned business development company hereby notifies the Securities and Exchange Commission that it withdraws its election to be subject to sections 55 through 65 of the Investment Company Act of 1940 (the “Act”), pursuant to the provisions of section
54(c) of the Act, and in connection with such notice of withdrawal of election submits the following information:
Name:
Address of Principal Business Office:
(No. & Street, City, State, Zip Code)
							
Telephone Number (including area code):
File Number under the Securities Exchange Act of 1934:
In addition to completing the cover page, a company withdrawing its election under section 54(a) of the Act must state one of the
following bases for filing the notification of withdrawal:
A. 	 The company has never made a public offering of its securities; does not have more than 100 security holders for purposes of
section 3(c)(1) of the Act and the rules thereunder; and does not propose to make a public offering.
B. 	 The company (1) has distributed substantially all of its assets to its security holders and has effected, or is in the process of
effecting, a winding-up of its affairs, and (2) is not liquidating as part of a merger.
C. 	 The company has (1) sold substantially all of its assets to another company; or (2) merged into or consolidated with another
company. Give the name of the other company and state whether the other company is a registered investment company, a
company excluded from the definition of an investment company by section 3(c)(1) of the Act, a business development company,
or none of the above.
D. 	 The company has changed the nature of its business so as to cease to be a business development company, and such change
was authorized by the vote of a majority of its outstanding voting securities or partnership interests. Describe the company’s
new business. Give the date of the shareholders’ or partners’ meeting and the number of votes in favor of and opposed to the
change.
E. 	 The company has filed a notice of registration under section 8 of the Act. State the filing date of the company’s notice of registration
(Form N-8A) under the Act.
F. 	 Other. Explain the circumstances surrounding the withdrawal of election.

SEC1938 (3-01)

Persons who respond to the collection of information contained in this
form are not required to respond unless the form displays a currently
valid OMB control number.

SIGNATURE

Form of signature:

Pursuant to the requirements of the Act, the undersigned company has caused this notification of withdrawal of election to be
subject to sections 55 through 65 of the Act to be duly signed on its behalf in the city of
and the state of
on the
day of
, 20
.
[SEAL]

			
Signature
					

				
By
									
									

(Name of Company)

(Name of director, officer or general partner
signing on behalf of the company)

Attest:
				

(Name)						

				

(Title)

(Title)

INSTRUCTIONS FOR FORM N-54C
Read instructions carefully before preparing this notification. It may be returned as not acceptable for filing unless it is prepared,
executed, and filed substantially in accordance with these instructions. This form is not to be used as a blank form to be filled in, but only
as a guide for the preparation of a notification of withdrawal. The form should be filed on paper 8 1/2 x 11 inches in size.
(a)	 This form shall be used pursuant to section 54(c) of the Act to notify the Commission of the company’s withdrawal of its
notification of election to be subject to sections 55 through 65 of the Act. Such withdrawal will be effective immediately upon
receipt by the Commission. Companies filing this notification should be aware that it is only a withdrawal from the regulatory
system applicable to business development companies, described in sections 55 through 65 of the Act. A company which files this
notification may be subject to sections 1 through 53 of the Act unless it qualifies for another exemption from those sections.
(b)	 Signature.
	
An original and three copies of the notification of withdrawal of election shall be filed. The three copies may have facsimile or
typed signatures. If the company is a business development company having a board of directors, the original notification of
withdrawal of election shall be signed on behalf of the company by a director, officer, or trustee. If the company is a partnership,
the original notice shall be signed by a general partner.
(c)	 Filing.
	
The notification of withdrawal of election and all inquiries and communication with respect thereto shall be forwarded to the
Securities and Exchange Commission, Washington, D.C. 20549.
(d)	 Fee.
	
There is no fee charged for filing the notification of withdrawal of election.
(e)	 Incorporation by Reference.
	
A company may incorporate by reference any information previously filed in a current report on Form 8-K under the Securities
Exchange Act of 1934 by so stating and giving the date on which the Form 8-K was filed.
SEC’s Collection of Information
An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a
currently valid control number. Section 54(c) of the Investment Company Act of 1940 (“1940 Act”) provides that companies, which
have notified the Commission of their election to be regulated as business development companies under the 1940 Act, may withdraw
their election by filing a notice of withdrawal of election with the Commission. Section 54(c) also authorizes the Commission to
prescribe a form for purposes of this notice of withdrawal of election. Pursuant to that authority, the Commission adopted Form
N-54C, the filing of which is mandatory by companies that wish to withdraw their election to be regulated as business development
companies under the 1940 Act. The Commission adopted Form N-54C to provide a uniform notification system of withdrawals of
election. The information collected on Form N-54C is publicly available. Any member of the public may direct to the Commission
any comments concerning the accuracy of the burden estimate of this Form and any suggestions for reducing the burden of the
Form. This collection of information has been reviewed by the Office of Management and Budget in accordance with the clearance
requirements of 44 U.S.C. § 3507.



File Typeapplication/pdf
File TitleFORM N-54C
SubjectSEC Number: 1938, Date.modified: 2012-02-02
AuthorU.S. Securities and Exchange Commission
File Modified2012-02-02
File Created2009-04-09

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