Form N-8F AMERICAN FUNDS TAX EXEMP
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-8F
I. | General Identifying Information |
1. | Reason fund is applying to deregister (check only one; for descriptions, see Instruction 1 above): |
x | Merger |
¨ | Liquidation |
¨ | Abandonment of Registration |
(Note: Abandonments of Registration answer only questions 1 through 15, 24 and 25 of this form and complete verification at the end of the form.) |
¨ | Election of status as a Business Development Company |
(Note: Business Development Companies answer only questions 1 through 10 of this form and complete verification at the end of the form.) |
2. | Name of Fund: The American Funds Tax-Exempt Series I |
3. | Securities and Exchange Commission File No.: 811-04653 |
4. | Is this an initial Form N-8F or an amendment to a previously filed Form N-8F? |
x | Initial Application ¨ Amendment |
5. | Address of Principal Executive Office (include No. & Street, City, State, Zip code): |
6455 Irvine Center Drive |
Irvine, California 92618-4518 |
6. | Name, address, and telephone number of individual the Commission staff should contact with any questions regarding this form: |
Erik Vayntrub |
Capital Research and Management Company |
333 South Hope Street, 33rd Floor |
Los Angeles, California 90071 |
(213) 486-9108 |
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]: |
Capital Research and Management Company |
333 South Hope Street |
Los Angeles, California 90071 |
(213) 486-9200 |
JPMorgan Chase Bank, N.A. |
270 Park Avenue |
New York, New York 10017-2070 | |
(212) 270-6000 |
8. | Classification of fund (check only one): |
x | Management company; |
¨ | Unit investment trust; or |
¨ | Face-amount certificate company. |
9. | Sub classification if the fund is a management company (check only one): |
x | Open-end ¨ Closed-end |
10. | State law under which the fund was organized or formed (e.g., Delaware, Massachusetts): |
Massachusetts; subsequently reorganized in Delaware (October 2010). |
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: |
Capital Research and Management Company |
333 South Hope Street |
Los Angeles, California 90071 |
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: |
American Funds Distributors, Inc. |
333 South Hope Street |
Los Angeles, California 90071 |
13. | If the fund is a unit investment trust (“UIT”) provide: |
(a) | Depositor’s name(s) and address(es): |
(b) | Trustee’s name(s) and address(es): |
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? |
x | Yes ¨ No |
If Yes, state the date on which the board votes took place: |
March 17, 2016 | ||
|
If No, explain: |
(b) | Did the fund obtain approval from the shareholders concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration? |
x | Yes ¨ No |
If Yes, state the date on which the shareholder vote took place:
June 10, 2016 |
If No, explain: |
II. | Distribution 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:
June 17, 2016 |
(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?
Yes. |
(d) | If No to (b) or (c) above, describe the method of distribution 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 ¨ 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 security holders 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: |
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 plans (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 if 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: $59,000 |
(ii) | Accounting expenses: $18,000 |
(iii) | Other expenses (list and identify separately): |
Proxy Solicitation and Tabulation: | $ | 53,000 | |
Printing Costs: | $ | 12,000 | |
Postage Costs: | $ | 19,000 |
(iv) | Total expenses (sum of lines (i)-(iii) above): $161,000 |
(b) |
How were those expenses allocated?
Capital Research and Management Company paid for all expenses directly associated with the merger. |
(c) |
Who paid those expenses?
See Item 22(b). |
(d) |
How did the fund pay for unamortized expenses (if any)?
Not applicable. |
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 note and order or, if no notice or order has been issued, the file number and date the application was filed: |
IV. | 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: |
V. | Mergers Only |
26. |
(a) State the name of the fund surviving the Merger:
The Tax-Exempt Bond Fund of America |
(b) |
State the Investment Company Act file number of the fund surviving the Merger:
File No. 811-02421 |
(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:
File No. 333-210274, Form N-14 (March 18, 2016) |
(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. |
VERIFICATION
The undersigned states that (i) he or she has executed this Form N-8F application for an order under section 8(f) of the Investment Company Act of 1940 on behalf of The American Funds Tax-Exempt Series I, (ii) he or she is the Secretary of The American Funds Tax-Exempt Series I, 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 or her knowledge, information, and belief.
/s/ Jennifer L. Butler | |
Jennifer L. Butler | |
Secretary |
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