Morgan Stanley Tax-Free Daily Income Trust
07/18/2024 | Press release | Distributed by Public on 07/18/2024 10:32
Deregistration Application 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 1 above): | |||
| o | Merger | |||
| ⌧ | Liquidation | |||
| o | 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.) | ||||
| o |
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.) |
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| 2. | Name of fund: Morgan Stanley Tax-Free Daily Income Trust | |||
| 3. | Securities and Exchange Commission File No.: 811-03031 | |||
| 4. | Is this an initial Form N-8F or an amendment to a previously filed Form N-8F? | |||
| ⌧ | Initial Application | o | Amendment | |
| 5. | Address of Principal Executive Office (include No. & Street, City, State, Zip Code): | |||
|
Morgan Stanley Tax-Free Daily Income Trust c/o Morgan Stanley Investment Management Inc. 1585 Broadway New York, New York 10036 |
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| 6. | Name, address and telephone number of individual the Commission staff should contact with any questions regarding this form: | |||
|
Mary E. Mullin, Esq. Morgan Stanley Investment Management Inc. 1633 Broadway New York, New York 10019 Tel: +1 (212) 537-2607 |
| 7. | Name, address and telephone number of individual or entity responsible for maintenance and preservation of fund records in accordance with rules 31a-l and 31a-2 under the Act [17 CFR 270.31a-l, 31a-2]: | |||
| NOTE: Once deregistered, a fund is still required to maintain and preserve the records described in rules 31a-l and 3la-2 for the periods specified in those rules. | ||||
|
State Street Bank and Trust Company
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| 8. | Classification of fund (check only one): | |||
| ⌧ | Management company; | |||
| o | Unit investment trust; or | |||
| o | 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): | |||
| Massachusetts | ||||
| 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: | |||
|
Morgan Stanley Investment Management Inc. 1585 Broadway New York, New York 10036 |
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| 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: | |||
|
Morgan Stanley Distribution, Inc. 1585 Broadway New York, New York 10036 |
| 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)? | ||
| o 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 vote took place: | |||
| June 15, 2023 | |||
| 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: September 8, 2023 | |||
| If No, explain: | |||
| 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: September 15, 2023 | ||
| (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? |
||
| oYes | oNo | ||
| 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? | ||
| xYes | o 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? | ||
| oYes | 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? |
||
| oYes | 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? | ||
| oYes | oNo | ||
| 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? | ||
| oYes | 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: $87,000 | ||
| (ii) | Accounting expenses: $0 | ||
| (iii) | Other expenses: $0 | ||
| (A) | Typesetting, printing, filing: $5,000 | ||
| (B) | Solicitation, tabulation, mailing and postage: $8,000 | ||
| (C) | Press release: $0 | ||
| (iv) | Total expenses (sum of lines (i) - (iii) above): $100,000 | ||
| (b) | How were those expenses allocated? | ||
| Not Applicable | |||
| (c) | Who paid those expenses? | ||
| Morgan Stanley Tax-Free Daily Income Trust | |||
| (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? | |
| oYes | 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? | |
| oYes | 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? | |
| oYes | x No | |
| If Yes, describe the nature and extent of those activities: |
| VI. | 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: File number: |
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| (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 number: | |||
| Form type: | |||
| Date of filing: | |||
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 has executed this Form N-8F application for an order under section 8(f) of the Investment Company Act of 1940 on behalf of Morgan Stanley Tax-Free Daily Income Trust, (ii) he is the Vice President of Morgan Stanley Tax-Free Daily Income Trust, and (iii) all actions by shareholders, trustees, 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.
| Signature: | |
| /s/ Michael Key | |
| Name: Michael Key | |
| Title: Vice President |