UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-8F
APPLICATION FOR DEREGRISTRATION
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 |
☐ | 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: RidgeWorth Funds |
3. | Securities and Exchange Commission File No.: 811-06557 |
4. | Is this an initial Form N-8F or an amendment to a previously filed Form N-8F? |
☐ | Initial Application ☒ Amendment |
5. | Address of Principal Executive Office (include No. & Street, City, State, Zip Code): |
3333 Piedmont Road, Suite 1500
Atlanta, GA 30305
6. | Name, address and telephone number of individual the Commission staff should contact with any questions regarding this form: |
Karen Jacoppo-Wood
State Street Bank and Trust Company
1 Lincoln Street, Mail Stop SUM0703
Boston, MA 02111
(617) 662-7193
7. | 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]: |
Virtus Fund Advisers, LLC (formerly, RidgeWorth Capital Management LLC), 3333 Piedmont Road, Suite 1500, Atlanta, GA 30305
(records relating to its function as adviser)
Contact: Holly van den Toorn, 404-845-7679
1
Capital Innovations, LLC, 325 Forest Grove Drive, Suite 100, Pewaukee, WI 53072
(records relating to its function as subadviser)
Contact: Susan Dambekaln, 262-746-3103
Ceredex Value Advisers LLC, 301 East Pine, Suite 500, Orlando, FL 32801
(records relating to its function as subadviser)
Contact: Josie Rosson, 404-566-2129
Seix Investment Advisors LLC, One Maynard Drive, Suite 3200, Park Ridge, NJ 07458
(records relating to its function as subadviser)
Contact: Deirdre Dillon, 201-802-2305
Silvant Capital Management LLC, 3333 Piedmont Road, Suite 1500, Atlanta, GA 30305
(records relating to its function as subadviser)
Contact: Josie Rosson, 404-566-2129
WCM Investment Management, 281 Brooks Street, Laguna Beach, CA 92651
(records relating to its function as subadviser)
Contact: David Brewer, 949-715-5725
Zevenbergen Capital Investments LLC, 601 Union Street, Suite 4600, Seattle, WA 98101
(records relating to its function as subadviser)
Contact: Justin Buller, 206-682-8469
RidgeWorth Distributors LLC, Three Canal Plaza, Suite 100, Portland, ME 04101
(records relating to its function as distributor)
Contact: Richard Berthy, 207-553-7110
Boston Financial Data Services, Inc., 2000 Crown Colony Drive Quincy, Massachusetts 02169
(records relating to its functions as transfer agent and dividend disbursing agent)
Contact: Ellen Smith, 617-483-8555
State Street Bank and Trust Company, One Lincoln Street, Boston, MA 02111
(records relating to its functions as custodian, administrator and accountant)
Contact: Shawn Alarie, 617-662-4145
NOTE: Once deregistered, a fund is still required to maintain and preserve the records described in rules 31a-1 and 31a-2 for the periods specified in those rules.
8. | Classification of fund (check only one): |
☒ | Management company; |
☐ | Unit investment trust; or |
☐ | Face-amount certificate company. |
9. | Subclassification if the fund is a management company (check only one): |
☒ | Open-end ☐ Closed-end |
2
10. | State law under which the fund was organized or formed (e.g., Delaware, Massachusetts): |
Commonwealth of 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 funds contracts with those advisers have been terminated: |
Investment Adviser:
Virtus Fund Advisers, LLC (formerly, RidgeWorth Capital Management LLC), 3333 Piedmont Road, Suite 1500, Atlanta, GA 30305
Investment Subadviser:
Capital Innovations, LLC, 325 Forest Grove Drive, Suite 100, Pewaukee, WI 53072
Investment Subadviser:
Ceredex Value Advisers LLC, 301 East Pine, Suite 500, Orlando, FL 32801
Investment Subadviser:
Certium Asset Management LLC, 3333 Piedmont Road, Suite 1400, Atlanta, GA 30305
Investment Subadviser:
Seix Investment Advisors LLC, One Maynard Drive, Suite 3200, Park Ridge, NJ 07458
Investment Subadviser:
Silvant Capital Management LLC, 3333 Piedmont Road, Suite 1500, Atlanta, GA 30305
Investment Subadviser:
StableRiver Capital Management LLC, 3333 Piedmont Road, Suite 1500, Atlanta, GA 30305
Investment Subadviser:
WCM Investment Management, 281 Brooks Street, Laguna Beach, CA 92651
Investment Subadviser:
Zevenbergen Capital Investments LLC, 601 Union Street, Suite 4600, Seattle, WA 98101
12. | Provide the name and address of each principal underwriter of the fund during the last five years, even if the funds contracts with those underwriters have been terminated: |
RidgeWorth Distributors LLC, Three Canal Plaza, Suite 100, Portland, ME 04101
13. | If the fund is a unit investment trust (UIT) provide: Not applicable. |
(a) | Depositors name(s) and address(es): |
(b) | Trustees 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 ☒ No
3
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? |
☒ Yes ☐ No
If Yes, state the date on which the board vote took place:
December 14, 2016
April 17, 2017 for RidgeWorth Capital Innovations Global Resources and Infrastructure Fund
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? |
☒ Yes ☐ No
If Yes, state the date on which the shareholder vote took place:
Shareholder approval was obtained on May 9, 2017 for the following funds:
RidgeWorth Conservative Allocation Strategy
RidgeWorth Growth Allocation Strategy
RidgeWorth Innovative Growth Stock Fund
RidgeWorth International Equity Fund
RidgeWorth Seix Floating Rate High Income Fund
RidgeWorth Seix High Yield Fund
RidgeWorth Seix Investment Grade Tax-Exempt Bond Fund
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund
RidgeWorth Seix Corporate Bond Fund
RidgeWorth Seix Georgia Tax-Exempt Bond Fund
RidgeWorth Seix High Grade Municipal Bond Fund
RidgeWorth Seix Limited Duration Fund
RidgeWorth Seix North Carolina Tax-Exempt Bond Fund
RidgeWorth Seix Short-Term Municipal Bond Fund
RidgeWorth Seix Ultra-Short Bond Fund
RidgeWorth Seix Virginia Intermediate Municipal Bond Fund
Shareholder approval was obtained on May 30, 2017 for the following funds:
RidgeWorth Ceredex Mid-Cap Value Equity Fund
RidgeWorth Silvant Large-Cap Growth Stock Fund
RidgeWorth Seix Total Return Bond Fund
RidgeWorth Seix U.S. Mortgage Fund
RidgeWorth Seix Core Bond Fund
4
Shareholder approval was obtained on June 20, 2017 for the following funds:
RidgeWorth Ceredex Large Cap Value Equity Fund
RidgeWorth Moderate Allocation Strategy
RidgeWorth Seix Short-Term Bond Fund
RidgeWorth Seix High Income Fund
Shareholder approval was obtained on June 23, 2017 for the following funds:
RidgeWorth Silvant Small-Cap Growth Stock Fund
Shareholder approval was obtained on June 28, 2017 for the following funds:
RidgeWorth Capital Innovations Global Resources and Infrastructure Fund
Shareholder approval was obtained on June 30, 2017 for the following funds:
RidgeWorth Ceredex Small-Cap Value Equity Fund
If No, explain:
II. | Distributions to Shareholders |
16. | Has the fund distributed any assets to its shareholders in connection with the Merger or Liquidation? |
☒ Yes ☐ No
(a) | If Yes, list the date(s) on which the fund made those distributions: |
June 30, 2017 for RidgeWorth Capital Innovations Global Resources and Infrastructure Fund
July 14, 2017 for the other funds
(b) | Were the distributions made on the basis of net assets? |
☒ Yes ☐ No
(c) | Were the distributions made pro rata based on share ownership? |
☒ 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: Not applicable |
5
(e) | Liquidations only: Not applicable |
Were any distributions to shareholders made in kind?
☐ Yes ☐ No
If Yes, indicate the percentage of fund shares owned by affiliates, or any other affiliation of shareholders:
17. | Closed-end funds only: Not applicable. |
Has the fund issued senior securities?
☐ Yes ☐ No
If Yes, describe the method of calculating payments to senior securityholders and distributions to other shareholders:
18. | Has the fund distributed all of its assets to the funds shareholders? |
☒ Yes ☐ 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 ☒ 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 ☒ No
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? |
6
(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 ☒ 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: |
$ | 612,933 | |||
(ii) | Accounting expenses: |
$ | 76,910 | |||
(iii) | Other expenses (list and identify separately): |
|||||
Proxy Expenses: |
$ | 3,470,778 | ||||
Insurance Expenses: |
$ | 514,735 | ||||
Trustee Expenses: |
$ | 77,225 | ||||
Miscellaneous Expenses |
$ | 38,610 | ||||
(iv) | Total expenses (sum of lines (i)-(iii) above): |
$ | 4,791,191 |
(b) | How were those expenses allocated? |
All expenses were allocated evenly between Virtus Investment Partners, Inc. and Virtus Fund Advisers, LLC (formerly RidgeWorth Capital Management LLC). Virtus Investment Partners, Inc. purchased Virtus Fund Advisers, LLC. In connection with the Merger to which this Form N-8F relates, certain series of RidgeWorth Funds were reorganized into newly created corresponding series of Virtus Asset Trust, a registered investment company that is advised by Virtus Fund Advisers, LLC. The Merger was part of the larger plan to integrate the advisory business of Virtus Fund Advisers, LLC into Virtus Investment Partners, Inc.s family of companies. Virtus Fund Advisers, LLC is an indirect, wholly-owned subsidiary of Virtus Investment Partners, Inc.
(c) | Who paid those expenses? |
Virtus Investment Partners, Inc. and Virtus Fund Advisers, LLC (formerly RidgeWorth Capital Management LLC).
(d) | How did the fund pay for unamortized expenses (if any)? |
Not applicable.
7
23. | Has the fund previously filed an application for an order of the Commission regarding the Merger or Liquidation? |
☐ Yes ☒ No
If Yes, cite the release numbers of the Commissions 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 ☒ 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 ☒ 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: |
The series of RidgeWorth Funds were reorganized into shell series of Virtus Asset Trust and Investment Managers Series Trust.
(b) | State the Investment Company Act file number of the fund surviving the Merger: |
Virtus Asset Trust 811-07705
Investment Managers Series Trust 811-21719
(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: |
Virtus Asset Trust
SEC File Numbers: 811-07705 / 333-215687
Accession Number: 0001571049-17-001615
Conformed Submission Type: 497
Filed: February 24, 2017
Investment Managers Series Trust
SEC File Numbers: 811-21719 / 333-217562
Accession Number: 0001398344-17-005487
Conformed Submission Type: N-14
Filed: May 1, 2017
(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. |
8
VERIFICATION
The undersigned states that (i) she has executed this Form N-8F application for an order under section 8(f) of the Investment Company Act of 1940 on behalf of RidgeWorth Funds, (ii) she is the President of RidgeWorth Funds, and (iii) all actions by shareholders, directors, 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 her knowledge, information, and belief.
/s/ Julia R. Short |
Julia R. Short |
President |
9