1.
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Reason fund is applying to deregister (check only one; for descriptions, see Instruction 1);
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2.
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Name of fund: Cash Assets Trust, on behalf of its series Pacific Capital Cash Assets Trust, Pacific Capital Tax-Free Cash Assets Trust and Pacific Capital U.S. Government Securities Cash Assets Trust (each, a “Fund”)
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3.
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Securities and Exchange Commission File No: 811-4066
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4.
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Is this an initial Form N-8F or an amendment to a previously filed Form N-8F?
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5.
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Address of Principal Executive Office (include No. & Street, City, State, Zip Code):
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6.
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Name, address and telephone number of individual the Commission staff should contact with any questions regarding this form:
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7.
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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}:
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(1)
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Cash Assets Trust
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(2)
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Asset Management Group of Bank of Hawaii
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(3)
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Aquila Investment Management LLC
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(4)
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Aquila Distributors, Inc.
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(5)
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BNY Mellon
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(6)
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JPMorgan Chase Bank, N.A.
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(7)
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Citi - Global Transaction Services
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NOTE: Once deregistered a fund is still required to maintain and preserve the records
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described in rules 31a-1 and 31a-2 for the periods specified in those rules.
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8.
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Classification of fund (check only one):
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9.
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Subclassification if the fund is a management company (check only one):
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10.
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State law under which the fund was organized or formed (e.g., Delaware, Massachusetts):
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11.
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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:
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12.
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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:
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13.
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If the fund is a unit investment trust (“UIT”) provide: Not Applicable.
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14.
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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)?
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15.
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(a) Did the fund obtain approval from the board of directors concerning the decision to
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engage in a Merger, Liquidation or Abandonment of Registration?
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16.
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Has the fund distributed any assets to its shareholders in connection with the Merger or Liquidation?
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17.
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Closed-end funds only: Not Applicable.
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18.
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Has the fund distributed all of its assets to the fund’s shareholders?
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19.
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Are there any shareholders who have not yet received distributions in complete liquidation of their interests?
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If Yes, describe briefly the plans (if any) for distributing to, or preserving the interests of, those shareholders:
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20.
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Does the fund have any assets as of the date this form is filed?
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21.
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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?
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If Yes,
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22.
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(a) List the expenses incurred in connection with the Merger or Liquidation:
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(b) How were those expenses allocated?
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The expenses incurred in connection with the liquidation of the Funds were allocated to Aquila Investment Management LLC, each Fund’s Administrator and Asset Management Group of Bank of Hawaii, each Fund’s Investment Adviser.
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(c) Who paid the expenses?
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Aquila Investment Management LLC paid $16,892 in expenses incurred.
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Asset Management Group of Bank of Hawaii paid $71,613 in expenses incurred.
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(d) How did the fund pay for unamortized expenses (if any)? Not Applicable.
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23.
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Has the fund previously filed an application for an order of the Commission regarding the Merger or Liquidation?
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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:
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24.
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Is the fund a party to any litigation or administrative proceeding?
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25.
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Is the fund now engaged, or intending to engage, in any business activities other than those necessary for winding up its affairs?
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If Yes, describe the nature and extent of those activities:
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26.
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(a) State the name of the fund surviving the Merger:
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(b) State the Investment Company Act file number of the fund surviving the Merger:
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811-_____
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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:
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(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.
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