[Federal Register Volume 62, Number 156 (Wednesday, August 13, 1997)]
[Notices]
[Pages 43384-43385]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-21366]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration; (Grove Property Trust, Common Stock, $.01 Par Value) 
File No. 1-13080

August 7, 1997.
    Grove Property Trust (``Company'') has filed an application with 
the Securities and Exchange Commission (``Commission''), pursuant to 
Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule 
12d2-2(d) promulgated thereunder, to withdraw the above specified 
security (``Security'') from listing and registration on the Boston 
Stock Exchange, Inc. (``BSE'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    According to the Company, the Security is also listed on the 
American Stock Exchange, Inc. (``Amex'') effective May 23, 1997.
    The Company has complied with the requirements of the BSE by filing 
with the Exchange a certified copy of preambles and resolutions adopted 
by the Company's Board of Directors authorizing the withdrawal of its 
Security from listing on the BSE and by setting forth in detail to the 
Exchange the reasons for such proposed withdrawal, and the facts in 
support thereof.
    In making the decision to withdraw its Security from listing on the 
BSE, the Company considered the direct and indirect costs and expenses 
associated with maintaining the dual listing of its Security on the BSE 
and the Amex. The Company does not see any particular advantage in the 
dual trading of its securities and believes that dual listing may 
fragment the market for its securities.
    Any interested person may, on or before August 28, 1997, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether 
the application has been made in accordance with the rules of the 
exchanges and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.


[[Page 43385]]


    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-21366 Filed 8-12-97; 8:45 am]
BILLING CODE 8010-01-M