0001013228-12-002384.txt : 20121120
0001013228-12-002384.hdr.sgml : 20121120
20121120155511
ACCESSION NUMBER: 0001013228-12-002384
CONFORMED SUBMISSION TYPE: N-8F/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20121120
DATE AS OF CHANGE: 20121120
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: SHEARSON LEHMAN BROTHERS UNIT TRUSTS HIGH YIELD MUN SER 1
CENTRAL INDEX KEY: 0000816772
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: N-8F/A
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-05208
FILM NUMBER: 121218028
BUSINESS ADDRESS:
STREET 1: C/O ADVISORS ASSET MANAGEMENT
STREET 2: 18925 BASE CAMP RD STE 203
CITY: MONUMENT
STATE: CO
ZIP: 80132
BUSINESS PHONE: 719 488 9956
MAIL ADDRESS:
STREET 1: C/O ADVISORS ASSET MANAGEMENT
STREET 2: 18925 BASE CAMP RD STE 203
CITY: MONUMENT
STATE: CO
ZIP: 80132
FORMER COMPANY:
FORMER CONFORMED NAME: SHEARSON LEHMAN BROTHERS UNIT TRUSTS HIGH YIELD MUN SERIES 1
DATE OF NAME CHANGE: 19890308
N-8F/A
1
aam_n8fa1-81105208.txt
FORM N-8F
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-8F
APPLICATION FOR DEREGISTRATION OF CERTAIN REGISTERED INVESTMENT COMPANIES
I. GENERAL IDENTIFYING INFORMATION
1. Reason fund is applying to deregister (check only one; for descriptions,
see Instruction I above):
[ ] MERGER
[X] LIQUIDATION
[ ] ABANDONMENT OF REGISTRATION
[ ] Election of status as a BUSINESS DEVELOPMENT COMPANY
2. Name of fund:
Shearson Lehman Brothers Unit Trust High Yield Municipal Series 1
3. Securities and Exchange Commission File No.:
811-05208
4. Is this an initial Form N-8F or an amendment to a previously filed Form
N-8F?
[ ] Initial Application [X] Amendment
5. Address of Principal Executive Office (include No. & Street, City. State,
Zip Code):
18925 Base Camp Road, Suite 203
Monument, Colorado 80132
6. Name, address and telephone number of individual the Commission staff
should contact with any questions regarding this form:
Matthew T. Wirig
Chapman and Cutler LLP
111 West Monroe Street
Chicago, Illinois 60603
(312) 845-3432
7. Name, address and telephone number of individual or entity responsible for
maintenance and preservation of fund records in accordance with rules 31a-1
and 31a-2 under the Act [17 CFR 270.31a-1, .31a-2]:
The Bank of New York Mellon
2 Hanson Place, 12th Floor
Brooklyn, New York 11217
8. Classification of fund (check only one):
[ ] Management company;
[X] Unit investment trust; or
[ ] Face-amount certificate company.
9. Subclassification if the fund is a management company (check only one):
[ ] Open-end [ ] Closed-end
10. State law under which the fund was organized or formed (e.g., Delaware,
Massachusetts):
New York
11. Provide the name and address of each investment adviser of the fund
(including sub-advisers) during the last five years, even if the fund's
contracts with those advisers have been terminated:
Not Applicable
12. Provide the name and address of each principal underwriter of the fund
during the last five years, even if the fund's contracts with those
underwriters have been terminated:
Advisors Asset Management, Inc.
18925 Base Camp Road
Monument, Colorado 80132
13. If the fund is a unit investment trust ("UIT") provide:
(a) Depositor's name(s) and address(es):
Advisors Asset Management, Inc.
18925 Base Camp Road
Monument, Colorado 80132
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(b) Trustee's name(s) and address(es):
The Bank of New York Mellon
2 Hanson Place, 12th Floor
Brooklyn, New York 11217
14. Is there a UIT registered under the Act that served as a vehicle for
investment in the fund (e.g., an insurance company separate account)?
[ ] Yes [X] No
If Yes, for each UIT state:
Name(s):
File No.: 811-________
Business Address:
15. (a) Did the fund obtain approval from the board of directors
concerning the decision to engage in a Merger, Liquidation or
Abandonment of Registration?
[ ] Yes [X] No
If Yes, state the date on which the board vote took place:
If No, explain:
The fund does not have a board of directors because it is a unit
investment trust.
(b) Did the fund obtain approval from the shareholders concerning the
decision to engage in a Merger, Liquidation or Abandonment of
Registration?
[ ] Yes [X] No
If Yes, state the date on which the shareholder vote took place:
If No explain:
Each underlying series of the fund terminated in accordance with the
terms of its trust indenture due to the maturity, call, redemption or
liquidation of the securities in each portfolio. The trust indenture
does not require a shareholder vote in this case (each underlying
series of the fund has terminated and has no shareholders).
Page 3
II. DISTRIBUTIONS TO SHAREHOLDERS:
16. Has the fund distributed any assets to its shareholders in connection with
the Merger or Liquidation?
[X] Yes [ ] No
(a) If Yes, list the date(s) on which the fund made those distributions:
The final distribution from the fund occurred on June 13, 2011.
(b) Were the distributions made on the basis of net assets?
[X] Yes [ ] No
(c) Were the distributions made pro rata based on share ownership?
[X] Yes [ ] No
(d) If No to (b) or (c) above, describe the method of distributions to
shareholders. For Mergers, provide the exchange ratio(s) used and
explain how it was calculated:
(e) Liquidations only:
Were any distributions to shareholders made in kind?
[ ] Yes [X] No
If Yes, indicate the percentage of fund shares owned by affiliates, or
any other affiliation of shareholders:
17. Closed-end funds only:
Has the fund issued senior securities?
[ ] Yes [ ] No
If Yes, describe the method of calculating payments to senior
securityholders and distributions to other shareholders:
18. Has the fund distributed ALL of its assets to the fund's shareholders?
[X] Yes [ ] No
If No,
(a) How many shareholders does the fund have as of the date this form is
filed?
(b) Describe the relationship of each remaining shareholder to the fund:
Page 4
19. Are there any shareholders who have not yet received distributions in
complete liquidation of their interests?
[ ] Yes [X] No
If Yes, describe briefly the plan (if any) for distributing to, or
preserving the interests of, those shareholders:
III. ASSETS AND LIABILITIES
20. Does the fund have any assets as of the date this form is filed?
(See question 18 above)
[ ] Yes [X] No
If Yes,
(a) Describe the type and amount of each asset retained by the fund as of
the date this form is filed:
(b) Why has the fund retained the remaining assets?
(c) Will the remaining assets be invested in securities?
[ ] Yes [ ] No
21. Does the fund have any outstanding debts (other than face-amount
certificates if the fund is a face-amount certificate company) or any other
liabilities?
[ ] Yes [X] No
If Yes,
(a) Describe the type and amount of each debt or other liability:
(b) How does the fund intend to pay these outstanding debts or other
liabilities?
IV. INFORMATION ABOUT EVENT(S) LEADING TO REQUEST FOR DEREGISTRATION
22. (a) List the expenses incurred in connection with the Merger or
Liquidation:
(i) Legal expenses:
(ii) Accounting expenses:
(iii) Other expenses (list and identify separately):
(iv) Total expenses (sum of lines (i) - (iii) above):
None.
Page 5
(b) How were those expenses allocated?
(c) Who paid those expenses?
(d) How did the fund pay for unamortized expenses (if any)?
23. Has the fund previously filed an application for an order of the Commission
regarding the Merger or Liquidation?
[ ] Yes [X] No
If Yes, cite the release numbers of the Commission's notice and order or,
if no notice or order has been issued, the file number and date the
application was filed:
V. CONCLUSION OF FUND BUSINESS
24. Is the fund a party to any litigation or administrative proceeding?
[ ] Yes [X] No
If Yes, describe the nature of any litigation or proceeding and the
position taken by the fund in that litigation:
25. Is the fund now engaged or intending to engage, in any business activities
other than those necessary for winding up its affairs?
[ ] Yes [X] No
If Yes, describe the nature and extent of those activities:
V1. MERGERS ONLY
26. (a) State the name of the fund surviving the Merger:
(b) State the Investment Company Act file number of the fund surviving
the Merger:
811-______
(c) If the merger or reorganization agreement has been filed with the
Commission, state the file number(s), form type used and date the
agreement was filed:
(d) If the merger or reorganization agreement has not been filed with the
Commission, provide a copy of the agreement as an exhibit to this
form.
Page 6
VERIFICATION
The undersigned states that (i) he has executed this Form N-8F application for
an order under section 8(f) of the Investment Company Act of 1940 on behalf of
Shearson Lehman Brothers Unit Trust High Yield Municipal Series 1, (ii) he is
the Senior Vice President of Advisors Asset Management, Inc., and (iii) all
actions by shareholders, directors, and any other body necessary to authorize
the undersigned to execute and file this Form N-8F application have been taken.
The undersigned also states that the facts set forth in this Form N-8F
application are true to the best of his knowledge, information and belief.
SHEARSON LEHMAN BROTHERS UNIT TRUST
HIGH YIELD MUNICIPAL SERIES 1
By ADVISORS ASSET MANAGEMENT, INC.,
Depositor
By /s/ ALEX R. MEITZNER
--------------------------------
Alex R. Meitzner
Senior Vice President
Page 7