-----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, T3rbY1qNDfa9BMY2rgNhhYAFNDa5/8RmCsLovqvKlXGzn1aJzL6y5EKgV5Fv96kX vQbLeilHVKhMhNe4QhQ9yg== 0000875267-00-000004.txt : 20000427 0000875267-00-000004.hdr.sgml : 20000427 ACCESSION NUMBER: 0000875267-00-000004 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20000229 FILED AS OF DATE: 20000426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FEDERATED ADJUSTABLE RATE U S GOVERNMENT FUND INC CENTRAL INDEX KEY: 0000875267 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 251659310 STATE OF INCORPORATION: MD FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-06307 FILM NUMBER: 608865 BUSINESS ADDRESS: STREET 1: FEDERATED INVESTORS TOWER CITY: PITTSBURGH STATE: PA ZIP: 15222-3779 BUSINESS PHONE: 8003417400 MAIL ADDRESS: STREET 1: FEDERATED INVESTORS TOWER CITY: PITTSBURGH STATE: PA ZIP: 15222-3779 FORMER COMPANY: FORMER CONFORMED NAME: FORTRESS ADJUSTABLE RATE U S GOVERNMENT FUND INC DATE OF NAME CHANGE: 19920703 NSAR-B 1 PAGE 1 000 B000000 02/29/2000 000 C000000 0000875267 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 ADJUSTABLE RATE U.S.GOVT FUND, INC. 001 B000000 811-6307 001 C000000 4122881581 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 MANAGEMENT COMPANY 008 B000001 A 008 C000001 801-34612 008 D010001 PITTSBURGH 008 D020001 PA 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A010000 0.4600 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 0 074 B000000 5605 074 C000000 0 074 D000000 107193 074 E000000 0 074 F000000 0 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 0 074 K000000 0 074 L000000 1153 PAGE 9 074 M000000 0 074 N000000 113951 074 O000000 0 074 P000000 0 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 5033 074 S000000 0 074 T000000 108918 074 U010000 11679 074 U020000 0 074 V010000 9.33 074 V020000 0.00 074 W000000 0.0000 074 X000000 2375 074 Y000000 0 075 A000000 0 075 B000000 123021 076 000000 0.00 077 A000000 Y 077 B000000 Y 077 C000000 Y 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 LLOYD'S OF LONDON 080 B000000 ZURICH INSURANCE COMPANY; RELIANCE INS. CO. 080 C000000 70000 081 A000000 Y 081 B000000 165 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N PAGE 10 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE STEPHEN A. KEEN TITLE GENERAL COUNSEL EX-27 2 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000875267 Federated Adjustable Rate U.S. Government Fund Inc. 01 Federated Adjustable Rate U.S. Government Fund Inc. 12-MOS Feb-29-2000 Feb-29-2000 113,455,227 112,797,466 1,153,120 0 376 113,950,962 0 0 5,032,535 5,032,535 0 152,944,837 11,679,474 14,850,336 90,860 0 (43,459,509) 0 (657,761) 108,918,427 0 7,120,832 0 (1,260,227) 5,860,605 (647,735) (496,075) 4,716,795 0 (5,929,091) 0 0 683,229 (4,246,210) 392,119 (31,049,080) 159,346 (42,811,774) 0 0 738,126 0 1,810,836 123,020,963 9.430 0.460 (0.100) (0.460) 0.000 0.000 9.330 1.02 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0.000
EX-99 3 INDEPENDENT AUDITORS' REPORT To the Board of Directors and Shareholders of Federated Adjustable Rate U.S. Government Fund, Inc.: In planning and performing our audit of the financial statements of Federated Adjustable Rate U.S. Government Fund, Inc. (the "Fund") for the year ended February 29, 2000 (on which we have issued our report dated April 14, 2000), we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, and not to provide assurance on the Fund's internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in any internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that the internal control may become inadequate because of changes in conditions, or that the degree of compliance with policies and procedures may deteriorate. Our consideration of the Fund's internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by errors or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the Fund's internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of February 29, 2000. This report is intended solely for the information and use of management, the Directors and Shareholders of Federated Adjustable Rate U.S. Government Fund, 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. April 14, 2000 EX-99 4 Item 77 C. MATTERS SUBMITTED TO A VOTE OF SECURITIES HOLDERS A Special Meeting of shareholders of Federated Adjustable Rate U.S.Government Fund, Inc. (the "Fund") was held on June 30, 1999 and adjourned to September 10,1999. The following items, which are required to be reported under this Item 77C, were approvedby shareholders of the Fund at the June 30, 1999 meeting: AGENDA ITEM 1: To elect Directors:* 1. Thomas G. Bigley Shares voted affirmatively ................................6,751,783 Shares withheld authority..................................117,173 2. Nicholas P. Constantakis Shares voted affirmatively ................................6,760,794 Shares withheld authority..................................108,162 3. John F. Cunningham Shares voted affirmatively ................................6,766,971 Shares withheld authority..................................101,985 4. J. Christopher Donahue Shares voted affirmatively ................................6,771,596 Shares withheld authority..................................97,360 5. Charles F. Mansfield, Jr. Shares voted affirmatively ................................6,773,667 Shares withheld authority..................................95,289 6. John E. Murray, Jr., J.D., S.J.D. Shares voted affirmatively ................................6,773,667 Shares withheld authority................................95,289 7. John S. Walsh Shares voted affirmatively ...............................6,773,667 Shares withheld authority.................................95,289 *The following Directors of the Fund continued their terms as Directors: John F. Donahue, John T. Conroy, Jr., Lawrence D. Ellis, M.D., Peter Madden, and Marjorie P. Smuts. AGENDA ITEM 2: To ratify the selection of Deloitte & Touche LLP as the Fund's independent auditors: The results of shareholders voting were as follows: Shares voted affirmatively .................................6,693,260 Shares voted negatively ....................................31,867 Shares abstaining...........................................143,829 The following items were approved by shareholders of the Fund at the September 10, 1999 meeting: AGENDA ITEM 3: To make changes to the Fund's fundamental investment policies: (a) To approve amending the Fund's fundamental investment policy with regard to diversification of its investments: The results of shareholders voting were as follows: Shares voted affirmatively ...................................7,040,601 Shares voted negatively ......................................392,790 Shares abstaining.............................................652,258 (b) To approve amending, the Fund's fundamental investment policy regarding borrowing money and issuing senior securities: The results of shareholders voting were as follows: Shares voted affirmatively ..................................7,040,601 Shares voted negatively .....................................392,790 Shares abstaining ...........................................652,258 (c) To approve amending, the Fund's fundamental investment policy regarding investments in real estate: The results of shareholders voting were as follows: Shares voted affirmatively ...................................7,040,601 Shares voted negatively ......................................392,790 Shares abstaining ............................................652,258 (d) To approve amending, the Fund's fundamental investment policy regarding investments in commodities: The results of shareholders voting were as follows: Shares voted affirmatively .................................7,040,601 Shares voted negatively ....................................392,790 Shares abstaining...........................................652,258 (e) To approve amending the Fund's fundamental policy regarding underwriting securities: The results of shareholders voting were as follows: Shares voted affirmatively ...................................7,040,601 Shares voted negatively ......................................392,790 Shares abstaining ............................................652,258 (f) To approve making amending the Fund's fundamental policy regarding lending by the Fund: The results of shareholders voting were as follows: Shares voted affirmatively .................................7,040,601 Shares voted negatively ....................................392,790 Shares abstaining ..........................................652,258 (g) To approve amending the Fund's fundamental policy regarding permissible investments: The results of shareholders voting were as follows: Shares voted affirmatively .................................7,040,601 Shares voted negatively ....................................392,790 Shares abstaining...........................................652,258 (h) To approve amending and making non-fundamental the Fund's fundamental investment policy regarding buying securities on margin: The results of shareholders voting were as follows: Shares voted affirmatively .................................7,040,601 Shares voted negatively ....................................392,790 Shares abstaining ..........................................652,258 (i) To approve amending and making non-fundamental the Fund's fundamental investment policy regarding pledging assets: The results of shareholders voting were as follows: Shares voted affirmatively ...................................7,040,601 Shares voted negatively ......................................392,790 Shares abstaining............................................652,258 (j) To approve eliminating the Fund's fundamental investment policy on investing in restricted securities, and to amend, and to make non-fundamental, the Fund's fundamental investment policy regarding investing in illiquid securities: The results of shareholders voting were as follows: Shares voted affirmatively ...................................7,040,601 Shares voted negatively ......................................392,790 Shares abstaining ............................................652,258 (k) To approve amending and making non-fundamental the Fund's fundamental investment policy regarding investing in other investment companies: The results of shareholders voting were as follows: Shares voted affirmatively ...................................7,040,601 Shares voted negatively ......................................392,790 Shares abstaining ............................................652,258 (l) To approve making non-fundamental the Fund's fundamental investment (m) policy regarding collateralized mortgage obligations: The results of shareholders voting were as follows: Shares voted affirmatively ...................................7,040,601 Shares voted negatively ......................................392,790 Shares abstaining ............................................652,258 (n) To approve making non-fundamental the Fund's fundamental investment (o) policy regarding dollar roll transactions: The results of shareholders voting were as follows: Shares voted affirmatively .................................7,040,601 Shares voted negatively ....................................392,790 Shares abstaining...........................................652,258 (n) To approve making non-fundamental the Fund's fundamental investment policies regarding securities lending activities: The results of shareholders voting were as follows: Shares voted affirmatively .................................7,040,601 Shares voted negatively ....................................392,790 Shares abstaining ..........................................652,258 (o) To approve making non-fundamental the Fund's fundamental investment policies regarding repurchase agreement transactions: The results of shareholders voting were as follows: Shares voted affirmatively ................................7,040,601 Shares voted negatively ...................................392,790 Shares abstaining .........................................652,258 (p) To approve making non-fundamental the Fund's fundamental investment (q) policy regarding reverse repurchase agreement transactions: The results of shareholders voting were as follows: Shares voted affirmatively .................................7,040,601 Shares voted negatively ....................................392,790 Shares abstaining ..........................................652,258 (r) To approve making non-fundamental the Fund's fundamental investment (s) policy regarding investments in stripped mortgage securities: The results of shareholders voting were as follows: Shares voted affirmatively ...................................7,040,601 Shares voted negatively ......................................392,790 Shares abstaining ............................................652,258 (r) To approve amending and making non-fundamental the Fund's fundamental investment policy regarding when-issued and delayed delivery transactions: The results of shareholders voting were as follows: Shares voted affirmatively .................................7,040,601 Shares voted negatively ....................................392,790 Shares abstaining ..........................................652,258 AGENDA ITEM 4: To remove certain of the Fund's fundamental investment policies: (a) To eliminate the Fund's fundamental investment policy on investing in (b) oil, gas and minerals: The results of shareholders voting were as follows: Shares voted affirmatively ...................................6,972,210 Shares voted negatively ........................................417,840 Shares abstaining ............................................695,599 (b) To eliminate the Fund's fundamental investment policy on investing in issuers whose securities are owned by officers and Board members: The results of shareholders voting were as follows: Shares voted affirmatively ...................................6,972,210 Shares voted negatively ........................................417,840 Shares abstaining ............................................695,599 ( c) To eliminate the Fund's fundamental investment policy on investing in securities of new issuers: The results of shareholders voting were as follows: Shares voted affirmatively ...................................6,972,210 Shares voted negatively ......................................417,840 Shares abstaining ............................................695,599 (d) To eliminate the Fund's fundamental investment policy on selling securitie short: The results of shareholders voting were as follows: Shares voted affirmatively ...................................6,972,210 Shares voted negatively ......................................417,840 Shares abstaining.............................................695,599 (e) To eliminate the Fund's fundamental investment policy regarding trading portfolio securities: The results of shareholders voting were as follows: Shares voted affirmatively .................................6,972,210 Shares voted negatively ......................................417,840 Shares abstaining ..........................................695,599 (f) To eliminate the Fund's fundamental investment policy regarding temporary investments: The results of shareholders voting were as follows: Shares voted affirmatively ...................................6,972,210 Shares voted negatively ......................................417,840 Shares abstaining ............................................695,599 AGENDA ITEM 5: To approve an amendment and restatement to the Fund's Articles of Incorporation to require the approval by a "1940 Act" majority of shareholders in the event of the sale or conveyance of the assets of the Fund to another fund or corporation: The results of shareholders voting were as follows: Shares voted affirmatively ..................................7,253,134 Shares voted negatively .....................................301,541 Shares abstaining ...........................................530,974 The Definitive Proxy Statement for the Special Meeting held on June 30, 1999, was filed with the Securities and Exchange Commission on April 29, 1999, and is incorporated by reference. (File No. 811-6307) EX-99 5 Item 77Q (Amd. #4) file stamped 1/18/00 FEDERATED ADJUSTABLE RATE U.S. GOVERNMENT FUND, INC. ARTICLES OF AMENDMENT FEDERATED ADJUSTABLE RATE U.S. GOVERNMENT FUND, INC., a Maryland corporation (hereinafter called the "Corporation"), hereby certifies to the State Department of Assessments and Taxation that: FIRST: The charter of the Corporation is amended by inserting, at the end of Article SEVENTH, new subparagraph (i), to read: "(i) Notwithstanding any provision of the laws of the State of Maryland or in these Articles of Incorporation requiring a shareholder vote of a greater proportion, the Directors, with the approval of a vote of the holders of a majority of the aggregate number of votes entitled to be cast thereon with respect to any or all series or classes (or, to the extent permitted under Maryland law, approval of a vote of the holders of a majority of the outstanding voting securities of any or all series or classes, as defined in Section 2(a)(42) of the Investment Company Act of 1940), may sell and convey the assets of the Corporation to another trust or corporation organized under the laws of any state of the United States, which is a diversified open-end management investment company as defined in the Investment Company Act of 1940, for an adequate consideration which may include the assumption of all outstanding obligations, taxes and other liabilities, accrued or contingent, of the Corporation and which may include shares of beneficial interest or stock of such trust or corporation. Upon making provision for the payment of all the Corporation's liabilities, by such assumption or otherwise, the Directors shall distribute the remaining proceeds ratably among the holders of the shares of the Corporation then outstanding." SECOND: The foregoing amendment to the charter of the Corporation was approved by the Board of Directors of the Corporation; and has been duly approved by shareholders of the Corporation at a special meeting of shareholders held on June 30, 1999. IN WITNESS WHEREOF, Federated Adjustable Rate U.S. Government Fund, Inc. has caused these Articles of Amendment to be signed in its name and on its behalf as of January 13, 2000, by its duly authorized officers, who acknowledge that these Articles of Amendment are the act of the Corporation, that to the best of their knowledge, information and belief, all matters and facts set forth therein relating to the authorization and approval of these Articles are true in all material respects, and that this statement is made under the penalties of perjury. WITNESS: FEDERATED ADJUSTABLE RATE U.S. GOVERNMENT FUND, INC. /s/ C. Grant Anderson By: /s/ J. Christopher Donahue C. Grant Anderson J. Christopher Donahue Assistant Secretary Executive Vice President -----END PRIVACY-ENHANCED MESSAGE-----