-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QkwcEcHQruhojJ3aSmDuhMWIzMYlvoUzDvS+qjCs3wo5xNZsZ5bjzPb/oq1Q9MpJ DIgOiWYxP2WvJhgc+FyzyQ== 0000950147-01-500110.txt : 20010123 0000950147-01-500110.hdr.sgml : 20010123 ACCESSION NUMBER: 0000950147-01-500110 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20010119 EFFECTIVENESS DATE: 20010119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PILGRIM ADVISORY FUNDS INC CENTRAL INDEX KEY: 0000944689 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 954532342 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 333-51722 FILM NUMBER: 1511973 BUSINESS ADDRESS: STREET 1: 2 RENAISSANCE SQUARE 12TH FLR STREET 2: 40 NORTH CENTRAL CITY: PHOENIX STATE: AZ ZIP: 85004-4424 BUSINESS PHONE: 6024178100 MAIL ADDRESS: STREET 1: 2 RENAISSANCE SQUARE 12TH FLR STREET 2: 40 NORTH CENTRAL CITY: PHOENIX STATE: AZ ZIP: 85004 485BPOS 1 e-6079.txt POST-EFFECTIVE AMENDMENT 1 TO FORM N-14 As filed with the Securities and Exchange Commission on January 19, 2001 Securities Act File No. 333-51722 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-14 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. [ ] Post-Effective Amendment No. 1 [X] PILGRIM ADVISORY FUNDS, INC. (Exact Name of Registrant as Specified in Charter) 7337 E. Doubletree Ranch Road, Scottsdale, Arizona 85258 (Address of Principal Executive Offices) (Zip Code) (800) 992-0180 (Registrant's Area Code and Telephone Number) James M. Hennessy ING Pilgrim Investments, Inc. 7337 E. Doubletree Ranch Road Scottsdale, Arizona 85258 (Name and Address of Agents for Service) With copy to: Jeffrey S. Puretz Dechert 1775 Eye Street, N.W. Washington, DC 20006 ---------- Approximate Date of Proposed Public Offering: As soon as practicable after this Registration Statement becomes effective. - -------------------------------------------------------------------------------- It is proposed that this filing will become effective immediately upon filing pursuant to paragraph (b) of Rule 485 under the Securities Act of 1933. - -------------------------------------------------------------------------------- No filing fee is required because an indefinite number of shares have previously been registered pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended. ================================================================================ PILGRIM ADVISORY FUNDS, INC. CONTENTS OF REGISTRATION STATEMENT This Registration Statement consists of the following papers and documents: * Cover Sheet * Contents of Registration Statement * Explanatory Note * Cover Page of Statement of Additional Information * Signature Page * Exhibit Index * Consent of Independent Accountant EXPLANATORY NOTE This Post-Effective Amendment No. 1 to the Registration Statement on Form N-14 for Pilgrim Advisory Funds, Inc. incorporates by reference the Registrant's Part A, Part B and Part C contained in the Registrant's Registration Statement on Form N-14 which was filed with the Securities and Exchange Commission on December 13, 2000. This Post-effective Amendment is being filed to add the consent of the independent accountants as an exhibit to Part C of the Registration Statement. PART B PILGRIM ADVISORY FUNDS, INC. - -------------------------------------------------------------------------------- Statement of Additional Information ________ ___, 2001 - -------------------------------------------------------------------------------- Acquisition of the Assets and Liabilities By and in Exchange for Shares of of Pilgrim SmallCap Asia Growth Fund Pilgrim Asia-Pacific Equity Fund 7337 East Doubletree Ranch Road (a series of Pilgrim Advisory Funds) Scottsdale, Arizona 85258 7337 East Doubletree Ranch Road Scottsdale, Arizona 85258 This Statement of Additional Information is available to the Shareholders of Pilgrim SmallCap Asia Growth Fund in connection with a proposed transaction whereby all of the assets and liabilities of Pilgrim SmallCap Asia Growth Fund will be transferred to Pilgrim Asia-Pacific Equity Fund, a series of Pilgrim Advisory Funds, Inc. in exchange for shares of Pilgrim Asia-Pacific Equity Fund. This Statement of Additional Information of Pilgrim Advisory Funds, Inc. consists of this cover page and the following documents, each of which was filed electronically with the Securities and Exchange Commission and is incorporated by reference herein: 1. The Statement of Additional Information for Pilgrim Asia-Pacific Equity Fund dated November 1, 2000, as filed on November 1, 2000, and the Statement of Additional Information for Pilgrim SmallCap Asia Growth Fund dated November 1, 2000, as filed on November 1, 2000. 2. The Financial Statements of Pilgrim Asia-Pacific Equity Fund are included in the Annual Report of Pilgrim Advisory Funds, Inc. dated October 31, 2000, as filed on January 10, 2001. 3. The Financial Statements of Pilgrim SmallCap Asia Growth Fund are included in the Annual Report of Pilgrim SmallCap Asia Growth Fund dated October 31, 2000, as filed on January 10, 2001. This Statement of Additional Information is not a prospectus. A Proxy Statement/Prospectus dated ________ ___, 2001 relating to the reorganization of Pilgrim SmallCap Asia Growth Fund may be obtained, without charge, by writing to ING Pilgrim Investments, Inc. at 7337 East Doubletree Ranch Road, Scottsdale, Arizona 85258 or calling 1-800-992-0180. This Statement of Additional Information should be read in conjunction with the Proxy Statement/Prospectus. SIGNATURES Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this Post-Effective Amendment to its Registration Statement on Form N-14 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Scottsdale and State of Arizona on the 19th day of January, 2001. PILGRIM ADVISORY FUNDS, INC. By: /s/ James M. Hennessy ------------------------------------ James M. Hennessy Senior Executive Vice President & Secretary Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated. Signature Title Date --------- ----- ---- /s/ John G. Turner Trustee and Chairman January 19, 2001 - --------------------------- John G. Turner* /s/ Robert W. Stallings Trustee and President January 19, 2001 - --------------------------- (Chief Executive Officer) Robert W. Stallings* /s/ Michael J. Roland Senior Vice President and January 19, 2001 - --------------------------- Principal Financial Officer Michael J. Roland* /s/ Robert B. Goode, Jr. Trustee January 19, 2001 - --------------------------- Robert B. Goode, Jr.* /s/ Al Burton Trustee January 19, 2001 - --------------------------- Al Burton* /s/ Jock Patton Trustee January 19, 2001 - --------------------------- Jock Patton* /s/ John R. Smith Trustee January 19, 2001 - --------------------------- John R. Smith* Signature Title Date --------- ----- ---- /s/ David W.C. Putnam Trustee January 19, 2001 - --------------------------- David W.C. Putnam* /s/ Walter H. May Trustee January 19, 2001 - --------------------------- Walter H. May* /s/ Paul S. Doherty Trustee January 19, 2001 - --------------------------- Paul S. Doherty* /s/ Alan L. Gosule Trustee January 19, 2001 - --------------------------- Alan L. Gosule* /s/ David W. Wallace Trustee January 19, 2001 - --------------------------- David W. Wallace* * By: /s/ James M. Hennessy --------------------------- James M. Hennessy Attorney-in-Fact** ** Executed pursuant to powers of attorney filed as part of Registrant's Registration Statement on Form N-14 which was filed with the Securities and Exchange Commission on December 13, 2000. EXHIBIT INDEX (14) Consent of PricewaterhouseCoopers LLP, Independent Accountants EX-99.14 2 ex14.txt CONSENT OF PRICEWATERHOUSECOOPERS LLP Exhibit 14 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in this Post-Effective Amendment No. 1 to Registration Statement of Pilgrim Advisory Funds, Inc. on Form N-14 (File No. 333-51722) ("Registration Statement") of our report dated December 29, 2000 relating to the financial statements and financial highlights of Pilgrim Asia-Pacific Equity Fund and Pilgrim SmallCap Asia Growth Fund which appears in the October 31, 2000 Annual Report to shareholders of Pilgrim Funds which is also incorporated by reference into the Registration Statement. /s/ PricewaterhouseCoopers LLP Denver, Colorado January 18, 2001 -----END PRIVACY-ENHANCED MESSAGE-----