07/18/2024 | Press release | Distributed by Public on 07/18/2024 10:11
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): | |||||
¨ | Merger | |||||
x | 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: Morgan Stanley California Tax-Free Daily Income Trust | |||||
3. | Securities and Exchange Commission File No.: 811-5554 | |||||
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): | |||||
Morgan Stanley California Tax-Free Daily Income Trust c/o Morgan Stanley Investment Management Inc. 1585 Broadway New York, New York 10036 |
||||||
6. | Name, address and telephone number of individual the Commission staff should contact with any questions regarding this form: | |||||
Mary E. Mullin, Esq.
New York, New York 10019 |
||||||
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 One Congress Street Boston, MA 02114 (records relating to its function as custodian and sub-administrator to Morgan Stanley California Tax-Free Daily Income Trust) (617) 537-4748 SS&C Global Investor and Distribution Solutions, Inc. 333 W 11th Street Kansas City, MO 64105 (records relating to its function as transfer agent and dividend disbursing agent to Morgan Stanley California Tax-Free Daily Income Trust) (800) 548-7786 Morgan Stanley Investment Management Inc. 1633 Broadway New York, NY 10019 (records relating to its function as investment adviser and administrator) (800) 869-6397 Morgan Stanley Investment Management Inc. 1585 Broadway New York, NY 10036 (records relating to its function as investment adviser and administrator to Morgan Stanley California Tax-Free Daily Income Trust) (800) 869-6397 |
|||||||
8. | Classification of fund (check only one): | ||||||
x | Management company; | ||||||
¨ | Unit investment trust; or | ||||||
¨ | Face-amount certificate company. | ||||||
9. | Subclassification 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 | |||||||
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 |
|||||||
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)? | ||||||
¨ 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? | |||||
xYes | ¨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? | |||||
xYes | ¨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 | xNo | |||||
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? | |||
xYes | ¨ 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 | xNo | |||
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: $91,000 (ii) Accounting expenses: $0 (iii) Other expenses: $0 (A) Typesetting, printing, filing: $5,000 (B) Solicitation, tabulation, mailing and postage: $4,000 (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 California 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? | ||
¨ 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: | |||
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: |
||
(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 California Tax-Free Daily Income Trust, (ii) he is the Vice President of Morgan Stanley California 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 |