[Federal Register Volume 67, Number 187 (Thursday, September 26, 2002)]
[Notices]
[Page 60709]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-24472]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application of KBK Capital Trust I To 
Withdraw Its 9.50% Trust Preferred Securities, From Listing and 
Registration on the American Stock Exchange LLC, File No. 1-14152

September 20, 2002.
    KBK Capital Trust I, a Delaware corporation (``Issuer''), has filed 
an application with the Securities and Exchange Commission 
(``Commission''), pursuant to section 12(d) of the Securities Exchange 
Act of 1934 (``Act'') \1\ and Rule 12d2-2(d) thereunder,\2\ to withdraw 
its 9.50% Trust Preferred Securities (``Security''), from listing and 
registration on the American Stock Exchange LLC (``Amex'' or 
``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer stated in its application that it has met the 
requirements of Amex Rule 18 by complying with all applicable laws in 
effect in the state of Delaware, in which it is incorporated, and with 
the Amex's rules governing an issuer's voluntary withdrawal of a 
security from listing and registration.
    The Board of Directors (``Board'') of the Issuer approved a 
resolution on August 22, 2002 to withdraw the Issuer's Security from 
listing on the Amex. In making the decision to withdraw its Security 
from the Amex, the Board notes that the Security is held by less than 
three hundred (300) persons. In addition, there is low trading volume 
in the Security, and the extent and nature of the Security is erratic 
and thin. The Board states that it is not in the best interest of the 
Issuer to continue to be subject to the limitations and cost associated 
with maintaining the listing requirements for its Security. The 
Issuer's application relates solely to the Security's withdrawal from 
listing on the Amex and from registration under section 12(b) of the 
Act,\3\ and shall not affect its obligation to be registered under 
section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before October 11, 2002, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Amex 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.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 02-24472 Filed 9-25-02; 8:45 am]
BILLING CODE 8010-01-M