-----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, SOBeAeyKD71HshsYvQRcTRoN+9wXrrjCyiX4+4BVe/yT5q4pVq/VNs/8BFOq8lI5 Gk6PTnr9hgaHWjd1HdJpFQ== 0000201801-99-000015.txt : 19991130 0000201801-99-000015.hdr.sgml : 19991130 ACCESSION NUMBER: 0000201801-99-000015 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 19990930 FILED AS OF DATE: 19991129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FEDERATED MUNICIPAL SECURITIES FUND INC CENTRAL INDEX KEY: 0000201801 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 251304971 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NSAR-A SEC ACT: SEC FILE NUMBER: 811-02677 FILM NUMBER: 99765282 BUSINESS ADDRESS: STREET 1: FEDERATED INVESTORS TWR CITY: PITTSBURGH STATE: PA ZIP: 15222-3779 BUSINESS PHONE: 8003417400 MAIL ADDRESS: STREET 1: FEDERATED INVESTORS TWR CITY: PITTSBURGH STATE: PA ZIP: 15222-3779 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY MUNICIPAL SECURITIES FUND INC DATE OF NAME CHANGE: 19930517 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED TAX FREE INCOME FUND INC DATE OF NAME CHANGE: 19920703 NSAR-A 1 PAGE 1 000 A000000 09/30/1999 000 C000000 0000201801 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 FEDERATED MUNICIPAL SECURITES FUND, INC. 001 B000000 811-2677 001 C000000 3122886653 002 A000000 FEDERATED INVESTORS TOWER 002 B000000 PITTSBURGH 002 C000000 PA 002 D010000 15222 002 D020000 3779 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 FEDERATED INVESTMENT 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C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE STEVE KEANE TITLE GENERAL COUNSEL EX-27 2 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000201801 Federated Municpal Securities Fund, Inc. 101 Federated Municpal Securities Fund, Class A 6-mos Mar-31-2000 Sep-30-1999 579,945,451 588,709,141 20,860,544 0 0 609,569,685 10,778,362 0 2,989,008 13,767,370 0 623,947,843 49,887,235 51,772,752 0 (3,185,244) (33,723,974) 0 8,763,690 501,041,151 0 18,198,745 0 (3,312,689) 14,886,056 (20,888,810) (29,541,927) (35,544,681) 0 (12,904,032) 0 0 4,499,487 (7,048,980) 663,976 (72,707,123) 0 (12,835,164) (3,185,244) 0 1,767,448 0 3,687,201 533,892,597 10.870 0.260 (0.830) (0.260) 0.000 0.000 10.040 0.90 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0.000

EX-27 3 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000201801 Federated Municpal Securities Fund, Inc. 102 Federated Municpal Securities Fund, Class B 6-mos Mar-31-2000 Sep-30-1999 579,945,451 588,709,141 20,860,544 0 0 609,569,685 10,778,362 0 2,989,008 13,767,370 0 623,947,843 8,027,506 8,163,539 0 (3,185,244) (33,723,974) 0 8,763,690 80,623,688 0 18,198,745 0 (3,312,689) 14,886,056 (20,888,810) (29,541,927) (35,544,681) 0 (1,671,183) 0 0 592,379 (789,032) 60,620 (72,707,123) 0 (12,835,164) (3,185,244) 0 1,767,448 0 3,687,201 84,765,112 10.870 0.210 (0.830) (0.210) 0.000 0.000 10.040 1.79 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0.000

EX-27 4 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000201801 Federated Municpal Securities Fund, Inc. 103 Federated Municpal Securities Fund, Class C 6-mos Mar-31-2000 Sep-30-1999 579,945,451 588,709,141 20,860,544 0 0 609,569,685 10,778,362 0 2,989,008 13,767,370 0 623,947,843 1,407,611 1,551,636 0 (3,185,244) (33,723,974) 0 8,763,690 14,137,476 0 18,198,745 0 (3,312,689) 14,886,056 (20,888,810) (29,541,927) (35,544,681) 0 (310,841) 0 0 160,476 (321,447) 16,946 (72,707,123) 0 (12,835,164) (3,185,244) 0 1,767,448 0 3,687,201 15,732,731 10.870 0.210 (0.830) (0.210) 0.000 0.000 10.040 1.78 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0.000

EX-99 5 77C. Matters Submitted to a Vote of Security Holders The Special Meeting of Shareholders of Federated Municipal Securities Fund, Inc. (the "Fund") was held on June 30, 1999. The following items were approved by shareholders at this meeting. 1. ELECTION OF DIRECTORS. 1 Shares Voted Affirmatively Shares Withheld John F. Cunningham 44,127,562 979,099 Charles F. Mansfield, Jr. 44,149,187 957,474 John S. Walsh 44,174,466 932,195 1 The following Directors continued their terms as Directors: John F. Donahue, Thomas G. Bigley, John T. Conroy, Nicholas P. Constantakis, J. Christopher Donahue, Lawrence D. Ellis, M.D., Peter E. Madden, John E. Murray, Jr., and Marjorie P. Smuts. 2. TO RATIFY THE SELECTION OF DELOITTE & TOUCHE LLP AS THE FUND'S INDEPENDENT AUDITORS. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 43,345,620 362,713 1,398,328 3. TO MAKE CHANGES TO THE FUND'S FUNDAMENTAL INVESTMENT POLICIES: a. To approve amending the Fund's fundamental investment policy regarding diversification. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 33,876,423 1,291,520 2,370,152 b. To approve amending the Fund's fundamental investment policy regarding borrowing money and issuing senior securities. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,868,723 2,323,780 2,645,593 c. To approve amending the Fund's fundamental investment policy regarding investments in real estate. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 33,022,028 2,301,341 2,514,727 d. To approve amending the Fund's fundamental investment policy concerning investments in commodities. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,332,705 2,849,503 2,655,888 e. To approve amending the Fund's fundamental investment policy regarding underwriting securities. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 33,281,313 2,018,272 2,538,510 f. To approve amending the Fund's fundamental investment policy regarding lending by the Fund. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,707,007 2,370,372 2,760,716 g. To approve amending the Fund's fundamental investment policy regarding concentration of the Fund's investments in the securities of companies in the same industry. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 33,219,925 2,099,241 2,518,930 h. To approve amending the Fund's fundamental investment policy regarding investments in municipal securities. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 34,024,862 1,504,770 2,308,464 i. To approve amending and making non-fundamental, the Fund's fundamental investment policy regarding buying securities on margin. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 31,970,723 3,055,625 2,811,747 j. To approve amending and making non-fundamental, the Fund's fundamental investment policy regarding pledging assets. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,178,686 2,881,539 2,777,871 k. To make non-fundamental the Fund's current fundamental investment policies regarding permissible investments. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,640,857 2,353,418 2,844,820 l. To make non-fundamental the Fund's current fundamental investment policy regarding temporary investments. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,983,279 2,128,564 2,726,252 m. To make non-fundamental the Fund's current fundamental investment policy regarding engaging in when-issued and delayed delivery transactions. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,873,734 2,046,460 2,917,902 n. To make non-fundamental the Fund's current fundamental investment policy regarding investing in securities of other investment companies. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,676,806 2,342,71 2,818,619 o. To approve eliminating the Fund's fundamental investment policy on investments in oil, gas and minerals. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,613,713 2,701,398 2,522,984 p. To approve eliminating the Fund's fundamental investment policy on selling securities short. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,181,728 2,969,319 2,687,049 q. To approve eliminating the Fund's fundamental investment policy regarding trading portfolio securities. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,856,376 2,289,302 2,692,418 (4) To approve amendments to the Fund's Articles of Incorporation to permit the Board of Directors to liquidate assets of a series or class without seeking shareholder approval to the extent permitted under Maryland law. SHARES VOTED AFFIRMATIVELY SHARES VOTED NEGATIVELY SHARES ABSTAINING 32,192,752 3,130,435 2,514,909 EX-99 6 Item 77K Changes in Registrant's Certifying Accountant On May 19, 1999, the Fund's Board of Directors, upon the recommendation of the Audit Committee of the Board of Directors, requested and subsequentially accepted the resignation of Deloitte & Touche LLP ("D & T") as the Fund's independent auditors. During the six month period ending September 30, 1999 (the "Period"), (i ) D & T did not issue any report on the Fund's financial statements, (ii) there were no disagreements with D & T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of D & T, would have caused them to make reference to the subject matter of the disagreements in connection with their report on the financial statements for such period, and (iii) there were no "reportable events" of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended. The Fund, by action of its Board of Directors, engaged Ernst & Young LLP ("E & Y) as the independent auditors for purposes of auditing the Fund's financial statements for the fiscal year ending March 31, 2000. During the Period, neither the Fund, nor anyone on the Fund's behalf has consulted E & Y on items which (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Fund's financial statements or (ii) concerned the subject of a disagreement ( as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events ( as described in paragraph (a)(1)(v)of said Item 304). ~~-----END PRIVACY-ENHANCED MESSAGE-----~~