-----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, AzeN6kOnesht6c6FlHNwsDfk/TLBwboFInA+/JqWWxR5dqrEXq4+52ZWQPh4F6Mc ChcPvgbZkbnHOKW0ydR0Hw== 0000950144-00-002806.txt : 20000302 0000950144-00-002806.hdr.sgml : 20000302 ACCESSION NUMBER: 0000950144-00-002806 CONFORMED SUBMISSION TYPE: 40-17F2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST CAROLINA INVESTORS INC CENTRAL INDEX KEY: 0000811040 STANDARD INDUSTRIAL CLASSIFICATION: LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] IRS NUMBER: 561005066 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 40-17F2 SEC ACT: SEC FILE NUMBER: 811-08942 FILM NUMBER: 557286 BUSINESS ADDRESS: STREET 1: 1130 EAST THIRD SRREET SUITE 410 CITY: CHARLOTTE STATE: NC ZIP: 28204 BUSINESS PHONE: 7043730501 MAIL ADDRESS: STREET 1: P O BOX 33607 CITY: CHARLOTTE STATE: NC ZIP: 28233-3607 40-17F2 1 FIRST CAROLINA INVESTORS INC 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-17f-2 Certificate of Accounting of Securities and Similar Investments in the Custody of Management Investment Companies Pursuant to Rule 17f-2 [17 CFR 270.17f-2] - -------------------------------------------------------------------------------- 1. Investment Company Act File Number: Date examination completed: 811-08942 June 30, 1999 - -------------------------------------------------------------------------------- 2. State Identification Number: -------------------------------------------------------------------------- AL AK AZ AR CA CO -------------------------------------------------------------------------- CT DE DC FL GA HI -------------------------------------------------------------------------- ID IL IN IA KS KY -------------------------------------------------------------------------- LA ME MD MA MI MN -------------------------------------------------------------------------- MS MO MT NE NV NH -------------------------------------------------------------------------- NJ NM NY NC ND OH -------------------------------------------------------------------------- OK OR PA RI SC SD -------------------------------------------------------------------------- TN TX UT VT VA WA -------------------------------------------------------------------------- WV WI WY PUERTO RICO -------------------------------------------------------------------------- Other (specify): --------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 3. Exact name of investment company as specified in registration statement: First Carolina Investors, Inc. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4. Address of principal executive office (number, street, city, state, zip code): 1130 East Third Street, Suite 410, Charlotte, North Carolina 28204 - -------------------------------------------------------------------------------- INSTRUCTIONS This Form must be completed by investment companies that have custody of securities or similar investments. Investment Company 1. All items must be completed by the investment company. 2. Give this Form to the independent public accountant who, in compliance with Rule 17f-2 under the Act and applicable state law, examines securities and similar investments in the custody of the investment company. Accountant 3. Submit this Form to the Securities and Exchange Commission and appropriate state securities administrators when filing the certificate of accounting required by Rule 17f-2 under the Act and applicable state law. File the original and one copy with the Securities and Exchange Commission's principal office in Washington, D.C., one copy with the regional office for the region in which the investment company's principal business operations are conducted, and one copy with the appropriate state of administrator(s), if applicable. THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT SEC 2198 (11-91) 2 First Carolina Investors, Inc. Post Office Box 33607 Charlotte, N.C. 28233-3607 704-373-0501 Management Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940 We, as members of management of First Carolina Investors, Inc., are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, "Custody of Investments by Registered Management Investment Companies," of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Company's compliance with the requirements of subsections (b) and (c) of Rule 17f-2 as of June 30, 1999 and from December 31, 1998 through June 30, 1999. Based on this evaluation, we assert that the Company was in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of June 30, 1999 and from December 31, 1998 through June 30, 1999 with respect to securities reflected in the investment account of the Company. First Carolina Investors, Inc. By: /s/ H. Thomas Webb III - ---------------------- H. Thomas Webb III President 3 [KPMG Letterhead] 401 South Tryon Street Suite 2300 Charlotte NC 28202-1911 INDEPENDENT AUDITOR'S REPORT To the Board of Directors of First Carolina Investors, Inc. We have examined management's assertion about First Carolina Investors, Inc. (the "Company's") compliance with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 ("the Act") as of June 30, 1999 included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940. Management is responsible for the Company's compliance with those requirements. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of June 30, 1999, and with respect to agreement of security purchases and sales, for the period from December 31, 1999 (the date of our last examination) through June 30, 1999: - Count and inspection of all securities located at the Company - Confirmation of all securities held by institutions in book entry form - Confirmation of all securities out for transfer with brokers - Reconciliation of all such securities to the books and records of the Company and the Custodian We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements. In our opinion, management's assertion that First Carolina Investors, Inc. was in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of June 30, 1999 with respect to securities reflected in the investment account of the Company is fairly stated, in all material respects. This report is intended solely for the information and use of management, the Board of Directors of First Carolina Investors, Inc., and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP Charlotte, North Carolina February 1, 2000 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-17f-2 Certificate of Accounting of Securities and Similar Investments in the Custody of Management Investment Companies Pursuant to Rule 17f-2 [17 CFR 270.17f-2] - -------------------------------------------------------------------------------- 1. Investment Company Act File Number: Date examination completed: 811-08942 October 31, 1999 - -------------------------------------------------------------------------------- 2. State Identification Number: -------------------------------------------------------------------------- AL AK AZ AR CA CO -------------------------------------------------------------------------- CT DE DC FL GA HI -------------------------------------------------------------------------- ID IL IN IA KS KY -------------------------------------------------------------------------- LA ME MD MA MI MN -------------------------------------------------------------------------- MS MO MT NE NV NH -------------------------------------------------------------------------- NJ NM NY NC ND OH -------------------------------------------------------------------------- OK OR PA RI SC SD -------------------------------------------------------------------------- TN TX UT VT VA WA -------------------------------------------------------------------------- WV WI WY PUERTO RICO -------------------------------------------------------------------------- Other (specify): --------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 3. Exact name of investment company as specified in registration statement: First Carolina Investors, Inc. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4. Address of principal executive office (number, street, city, state, zip code): 1130 East Third Street, Suite 410, Charlotte, North Carolina 28204 - -------------------------------------------------------------------------------- INSTRUCTIONS This Form must be completed by investment companies that have custody of securities or similar investments. Investment Company 1. All items must be completed by the investment company. 2. Give this Form to the independent public accountant who, in compliance with Rule 17f-2 under the Act and applicable state law, examines securities and similar investments in the custody of the investment company. Accountant 3. Submit this Form to the Securities and Exchange Commission and appropriate state securities administrators when filing the certificate of accounting required by Rule 17f-2 under the Act and applicable state law. File the original and one copy with the Securities and Exchange Commission's principal office in Washington, D.C., one copy with the regional office for the region in which the investment company's principal business operations are conducted, and one copy with the appropriate state of administrator(s), if applicable. THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT SEC 2198 (11-91) 5 First Carolina Investors, Inc. Post Office Box 33607 Charlotte, N.C. 28233-3607 704-373-0501 Management Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940 We, as members of management of First Carolina Investors, Inc., are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, "Custody of Investments by Registered Management Investment Companies," of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Company's compliance with the requirements of subsections (b) and (c) of Rule 17f-2 as of October 31, 1999 and from June 30, 1999 through October 31, 1999. Based on this evaluation, we assert that the Company was in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of October 31, 1999 and from June 30, 1999 through October 31, 1999 with respect to securities reflected in the investment account of the Company. First Carolina Investors, Inc. By: /s/ H. Thomas Webb III - ---------------------- H. Thomas Webb III President 6 [KPMG Letterhead] 401 South Tryon Street Suite 2300 Charlotte NC 28202-1911 INDEPENDENT AUDITOR'S REPORT To the Board of Directors of First Carolina Investors, Inc. We have examined management's assertion about First Carolina Investors, Inc. (the "Company's") compliance with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 ("the Act") as of October 31, 1999 included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940. Management is responsible for the Company's compliance with those requirements. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of October 31, 1999, and with respect to agreement of security purchases and sales, for the period from June 30, 1999 (the date of our last examination) through October 31, 1999: - Count and inspection of all securities located at the Company - Confirmation of all securities held by institutions in book entry form - Confirmation of all securities out for transfer with brokers - Reconciliation of all such securities to the books and records of the Company and the Custodian We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements. In our opinion, management's assertion that First Carolina Investors, Inc. was in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of October 31, 1999 with respect to securities reflected in the investment account of the Company is fairly stated, in all material respects. This report is intended solely for the information and use of management, the Board of Directors of First Carolina Investors, Inc., and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP Charlotte, North Carolina February 1, 2000 7 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-17f-2 Certificate of Accounting of Securities and Similar Investments in the Custody of Management Investment Companies Pursuant to Rule 17f-2 [17 CFR 270.17f-2] - -------------------------------------------------------------------------------- 1. Investment Company Act File Number: Date examination completed: 811-08942 December 31, 1999 - -------------------------------------------------------------------------------- 2. State Identification Number: -------------------------------------------------------------------------- AL AK AZ AR CA CO -------------------------------------------------------------------------- CT DE DC FL GA HI -------------------------------------------------------------------------- ID IL IN IA KS KY -------------------------------------------------------------------------- LA ME MD MA MI MN -------------------------------------------------------------------------- MS MO MT NE NV NH -------------------------------------------------------------------------- NJ NM NY NC ND OH -------------------------------------------------------------------------- OK OR PA RI SC SD -------------------------------------------------------------------------- TN TX UT VT VA WA -------------------------------------------------------------------------- WV WI WY PUERTO RICO -------------------------------------------------------------------------- Other (specify): --------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 3. Exact name of investment company as specified in registration statement: First Carolina Investors, Inc. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4. Address of principal executive office (number, street, city, state, zip code): 1130 East Third Street, Suite 410, Charlotte, North Carolina 28204 - -------------------------------------------------------------------------------- INSTRUCTIONS This Form must be completed by investment companies that have custody of securities or similar investments. Investment Company 1. All items must be completed by the investment company. 2. Give this Form to the independent public accountant who, in compliance with Rule 17f-2 under the Act and applicable state law, examines securities and similar investments in the custody of the investment company. Accountant 3. Submit this Form to the Securities and Exchange Commission and appropriate state securities administrators when filing the certificate of accounting required by Rule 17f-2 under the Act and applicable state law. File the original and one copy with the Securities and Exchange Commission's principal office in Washington, D.C., one copy with the regional office for the region in which the investment company's principal business operations are conducted, and one copy with the appropriate state of administrator(s), if applicable. THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT SEC 2198 (11-91) 8 First Carolina Investors, Inc. Post Office Box 33607 Charlotte, N.C. 28233-3607 704-373-0501 Management Statement Regarding Compliance With Certain Provisions of the Investment Company Act of 1940 We, as members of management of First Carolina Investors, Inc., are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, "Custody of Investments by Registered Management Investment Companies," of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Company's compliance with the requirements of subsections (b) and (c) of Rule 17f-2 as of December 31, 1999 and from October 31, 1999 through December 31, 1999. Based on this evaluation, we assert that the Company was in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of December 31, 1999 and from October 31, 1999 through December 31, 1999 with respect to securities reflected in the investment account of the Company. First Carolina Investors, Inc. By: /s/ H. Thomas Webb III - ---------------------- H. Thomas Webb III President 9 [KPMG Letterhead] 401 South Tryon Street Suite 2300 Charlotte NC 28202-1911 INDEPENDENT AUDITOR'S REPORT To the Board of Directors of First Carolina Investors, Inc. We have examined management's assertion about First Carolina Investors, Inc. (the "Company's") compliance with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 ("the Act") as of December 31, 1999 included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940. Management is responsible for the Company's compliance with those requirements. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of December 31, 1999, and with respect to agreement of security purchases and sales, for the period from October 31, 1999 (the date of our last examination) through December 31, 1999: - Count and inspection of all securities located at the Company - Confirmation of all securities held by institutions in book entry form - Confirmation of all securities out for transfer with brokers - Reconciliation of all such securities to the books and records of the Company and the Custodian We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with specified requirements. In our opinion, management's assertion that First Carolina Investors, Inc. was in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of December 31, 1999 with respect to securities reflected in the investment account of the Company is fairly stated, in all material respects. This report is intended solely for the information and use of management, the Board of Directors of First Carolina Investors, Inc., and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP Charlotte, North Carolina February 1, 2000 -----END PRIVACY-ENHANCED MESSAGE-----