[Federal Register Volume 86, Number 86 (Thursday, May 6, 2021)]
[Notices]
[Pages 24420-24421]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-09524]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34260]


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

April 30, 2021.
    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 2021. A copy of each application may be obtained via the 
Commission's website 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 emailing the SEC's 
Secretary at [email protected] and serving the relevant 
applicant with a copy of the request by email, if an email address is 
listed for the relevant applicant below, or personally or by mail, if a 
physical address is listed for the relevant applicant below. Hearing 
requests should be received by the SEC by 5:30 p.m. on May 25, 2021, 
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 at 
[email protected].

ADDRESSES: The Commission: [email protected].

FOR FURTHER INFORMATION CONTACT: Shawn Davis, Assistant Director, at 
(202) 551-6413 or Chief Counsel's Office at (202) 551-6821; SEC, 
Division of Investment Management, Chief Counsel's Office, 100 F Street 
NE, Washington, DC 20549-8010.

AllianzGI Institutional Multi-Series Trust [File No. 811-22975]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 12, 2020, and December 9, 2020 
applicant made liquidating distributions to its shareholders based on 
net asset value. Expenses of approximately $10,700 incurred in 
connection with the liquidation were paid by the applicant.
    Filing Date: The application was filed on March 11, 2021.
    Applicant's Address: [email protected].

BMO LGM Frontier Markets Equity Fund [File No. 811-22882]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On September 
30, 2020, December 31, 2020, and February 26, 2021 applicant made 
liquidating distributions to its shareholders based on net asset value. 
Expenses of $15,000 incurred in connection with the liquidation were 
paid by the applicant's investment adviser.

[[Page 24421]]

    Filing Date: The application was filed on March 16, 2021.
    Applicant's Address: [email protected].

Duff & Phelps Utility & Corporate Bond Trust Inc. [File No. 811-07358]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to DNP Select Income Fund Inc., and on March 
8, 2021 made a final distribution to its shareholders based on net 
asset value. Expenses of $594,526 incurred in connection with the 
reorganization were paid by the applicant.
    Filing Date: The application was filed on March 19, 2021.
    Applicant's Address: [email protected].

GMO Series Trust [File No. 811-22564]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
GMO Trust, and on January 22, 2021, made a final distribution to its 
shareholders based on net asset value. Expenses of $745,500 incurred in 
connection with the reorganization were paid by the applicant's 
investment adviser.
    Filing Dates: The application was filed on February 10, 2021 and 
amended on April 14, 2021.
    Applicant's Address: [email protected], 
[email protected].

Invesco Floating Rate Corporate Credit Fund [File No. 811-22511]

    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 or engage in business of any kind.
    Filing Dates: The application was filed on November 23, 2020 and 
amended on March 25, 2021.
    Applicant's Address: [email protected].

Invesco Global Financial Services Fund [File No. 811-08887]

    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 or engage in business of any kind.
    Filing Dates: The application was filed on November 23, 2020 and 
amended on March 25, 2021.
    Applicant's Address: [email protected].

Mellon Optima L/S Strategy Fund, LLC. [811-21694]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On August 27, 
2020, applicant made liquidating distributions to its shareholders 
based on net asset value. Expenses of $300,000 incurred in connection 
with the liquidation were paid by the applicant and the applicant's 
liquidating trust.
    Filing Dates: The application was filed on December 16, 2020 and 
amended on April 8, 2021.
    Applicant's Address: [email protected].

PNC Funds [811-04416 ]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Federated Hermes Adviser Series, Federated Hermes MDT Series, Federated 
Hermes Intermediate Municipal Trust, Federated Hermes Short-
Intermediate Duration Municipal Trust, Federated Hermes Money Market 
Obligations Trust, and Federated Hermes Total Return Series, Inc., and 
on November 15, 2019 made a final distribution to its shareholders 
based on net asset value. Expenses of $4,967,072.80 incurred in 
connection with the liquidation were paid by the applicant's investment 
advisor, and/or their affiliates.
    Filing Dates: The application was filed on February 22, 2021 and 
amended on April 19, 2021.
    Applicant's Address: [email protected].

Putnam Europe Equity Fund [File No. 811-05693]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Putnam International Equity Fund, and on June 24, 2019 made a final 
distribution to its shareholders based on net asset value. Expenses of 
$379,570 incurred in connection with the reorganization were paid by 
the applicant, the acquiring fund, and the applicant's investment 
adviser.
    Filing Date: The application was filed on March 3, 2021.
    Applicant's Address: [email protected].

Putnam Investors Fund [File No. 811-00159]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Putnam Multi-Cap Core Fund, and on June 25, 2018 made a final 
distribution to its shareholders based on net asset value. Expenses of 
$663,021 incurred in connection with the reorganization were paid by 
the applicant and the acquiring fund.
    Filing Date: The application was filed on March 3, 2021.
    Applicant's Address: [email protected].

Stone Ridge Trust III [File No. 811-23018]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Stone Ridge All Asset Variance Premium 
Fund, a series of Stone Ridge Trust and on December 4, 2020, made a 
final distribution to its shareholders based on net asset value. 
Expenses of $238,877 incurred in connection with the reorganization 
were paid by the applicant.
    Filing Dates: The application was filed on February 18, 2021 and 
amended on April 14, 2021.
    Applicant's Address: [email protected].

USA Mutuals [811-10319]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
USA Mutuals Vitium Global Fund, and USA Mutuals Navigator Fund, each a 
series of Northern Lights Fund Trust IV, and on January 25, 2021 made a 
final distribution to its shareholders based on net asset value. 
Expenses of $215,417 incurred in connection with the reorganization 
were paid by the applicant's investment advisor.
    Filing Dates: The application was filed on February 22, 2021 and 
amended on April 29, 2021.
    Applicant's Address: [email protected].

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-09524 Filed 5-5-21; 8:45 am]
BILLING CODE 8011-01-P