-----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, VtoeZws5GaxJUJYuJRpI9YUABZ+LV2FL3FVieaS2s/30/HqegpmAppS5qfmymoGm V19opHKxUWiFOamobnvYSg== 0000091612-96-000024.txt : 19960531 0000091612-96-000024.hdr.sgml : 19960531 ACCESSION NUMBER: 0000091612-96-000024 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960530 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOGEN INTERNATIONAL FUND INC/SOCIETE GENERALE TOUCHE REMNANT CENTRAL INDEX KEY: 0000091612 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 132672902 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-34329 FILM NUMBER: 96574741 BUSINESS ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2123978561 FORMER COMPANY: FORMER CONFORMED NAME: SOGEN INTERNATIONAL FUND INC DATE OF NAME CHANGE: 19930610 497 1 SUPPL TO PROSP & SAI May 30, 1996 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: SoGen International Fund, Inc. (File Nos. 2-34329; 811-1922) Dear Sir or Madam: On behalf of SoGen International Fund, Inc. (the "Fund"), attached for filing in electronic format pursuant to Rule 497(e) under the Securities Act of 1933 is a supplement to the Fund's Prospectus and a supplement to the Fund's Statement of Additional Information. No fees are required in connection with this filing. Please acknowledge receipt of these attachments. If you have any questions or comments, please contact the undersigned at (212)278-5853. Very truly yours, /s/ PHILIP J. BAFUNDO Philip J. Bafundo Vice President Enclosure SOGEN INTERNATIONAL FUND, INC. Supplement to Prospectus The Fund's prospectus, dated July 31, 1995, has been amended by adding the following new section at the end of page seven: Investment in Other Investment Companies The Fund may invest up to 10% of its total assets in other investment companies, provided that no more than 5% of the Fund's total assets may be invested in a single investment company and the Fund may not acquire more than 3% of the outstanding voting securities of a single investment company. Investment in another investment company may involve the payment of a premium above the value of the issuer's portfolio securities, and is subject to market availability. In the case of a purchase of shares of such a company in a public offering, the purchase price may include an underwriting spread. The Fund does not intend to invest in such an investment company unless, in the judgment of SOGEN A.M. Corp., the potential benefits of such investment justify the payment of any applicable premium or sales charge. As a shareholder in another investment company, the Fund would bear its ratable share of that investment company's expenses, including its advisory and administration fees. At the same time, the Fund would continue to pay its own management fees and other expenses. May 30, 1996 SOGEN INTERNATIONAL FUND, INC. Supplement to Statement of Additional Information The Fund's statement of additional information, dated July 31, 1995, has been amended as follows: 1) the Fundamental Restrictions section beginning on page 5 is revised as follows: a) paragraph 6 regarding investment in other investment companies is eliminated. b) paragraph 7 is amended and restated as new paragraph 6 to read as follows: 6. It may not make loans, but this restriction shall not prevent the Fund from (a) buying a part of an issue of bonds, debentures, or other obligations that are publicly distributed, or from investing up to an aggregate of 15% of its total assets (taken at market value at the time of each purchase) in parts of issues of bonds, debentures or other obligations of a type privately placed with financial institutions or (b) lending portfolio securities, provided that the Fund may not lend securities if, as a result, the aggregate value of all securities loaned would exceed 33% of its total assets (taken at market value at the time of such loan).* * The Fund has no present intention of lending portfolio securities. 2) adding the following paragraph to the end of the Restricted Securities section on page 5: Notwithstanding the above, the Fund may purchase securities that have been privately placed but that are eligible for purchase and sale under Rule 144A under the 1933 Act. That rule permits certain qualified institutional buyers, such as the Fund, to trade in privately placed securities that have not been registered for sale under the 1933 Act. SOGEN A.M. Corp., under the supervision of the Board of Directors of the Fund, will consider whether securities purchased under Rule 144A are illiquid and thus subject to the Fund's restriction on investing in illiquid securities. A determination as to whether a Rule 144A security is liquid or not is a question of fact. In making this determination, SOGEN A.M. Corp. will consider the trading markets for the specific security, taking into account the unregistered nature of a Rule 144A security. In addition, SOGEN A.M. Corp. could consider (1) the frequency of trades and quotes, (2) the number of dealers and potential purchasers, (3) the dealer undertakings to make a market, and (4) the nature of the security and of market place trades (e.g., the time needed to dispose of the security, the method of soliciting offers and the mechanics of transfer). The liquidity of Rule 144A securities would be monitored and if, as a result of changed conditions, it is determined that a Rule 144A security is no longer liquid, the Fund's holdings of illiquid securities would be reviewed to determine what steps, if any, are required to assure that the Fund does not invest more than the maximum percentage of its assets in illiquid securities. Investing in Rule 144A securities could have the effect of increasing the amount of the Fund's assets invested in illiquid securities if qualified institutional buyers are unwilling to purchase such securities. May 30, 1996 -----END PRIVACY-ENHANCED MESSAGE-----