Cash and Net Assets - 100.0%
|
$ | 1,001 | ||
SHARES OF BENEFICIAL INTEREST:
|
||||
Original Shares Class:
|
||||
Shares outstanding (unlimited number of $0.01 par value shares authorized)
|
1,001 | |||
Net Asset Value Per Share
|
$ | 1.00 | ||
NET ASSETS CONSIST OF:
|
||||
Capital Stock - Authorized an unlimited number of shares,
par value $0.01 per share
|
$ | 10 | ||
Additional paid-in capital
|
1,006 | |||
Accumulated net realized loss on investments
|
(15 | ) | ||
$ | 1,001 |
Year Ended
December 31, 2013
|
Year Ended December 31,
2012
|
|||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS:
|
||||||||
Net investment income
|
$ | - | $ | - | ||||
Net realized gain (loss) from securities transactions | - | - | ||||||
Change in net assets resulting from operations
|
- | - | ||||||
DIVIDENDS TO SHAREHOLDERS
|
||||||||
FROM NET INVESTMENT INCOME:
|
||||||||
Original Shares
|
- | - | ||||||
CAPITAL SHARE TRANSACTIONS
|
||||||||
(at $1.00 per share):
|
||||||||
Proceeds from shares sold:
|
||||||||
Original Shares
|
- | - | ||||||
Reinvested dividends and distributions:
|
||||||||
Original Shares
|
- | - | ||||||
Cost of shares redeemed:
|
||||||||
Original Shares
|
- | - | ||||||
Change in net assets from capital share
|
||||||||
transactions
|
- | - | ||||||
Total change in net assets
|
- | - | ||||||
NET ASSETS:
|
||||||||
Beginning of period
|
1,001 | 1,001 | ||||||
End of period
|
$ | 1,001 | $ | 1,001 |
Year Ended December 31,
|
||||||||||||||||||||
2013* | 2012* | 2011* | 2010* | 2009* | ||||||||||||||||
Net asset value, beginning of period
|
$ | 1.0000 | $ | 1.0000 | $ | 1.0000 | $ | 1.0000 | $ | 1.0000 | ||||||||||
Income from investment
|
||||||||||||||||||||
operations:
|
||||||||||||||||||||
Net investment income
|
- | - | - | - | - | |||||||||||||||
Less distributions:
Dividends from net investment income
|
- | - | - | - | - | |||||||||||||||
|
||||||||||||||||||||
Net asset value,
|
||||||||||||||||||||
end of period
|
$ | 1.0000 | $ | 1.0000 | $ | 1.0000 | $ | 1.0000 | $ | 1.0000 | ||||||||||
Total return
|
- | - | - | - | - | |||||||||||||||
Ratios/supplemental data
|
||||||||||||||||||||
Net assets, end of
|
||||||||||||||||||||
period (in thousands)
|
$ | 1 | $ | 1 | $ | 1 | $ | 1 | $ | 1 | ||||||||||
Ratio of expenses
|
||||||||||||||||||||
to average net assets
|
- | - | - | - | - | |||||||||||||||
Ratio of net investment
|
||||||||||||||||||||
income to average
|
||||||||||||||||||||
net assets
|
- | - | - | - | - |
Actual
Total Return(1)
|
Beginning
Account
Value
|
Ending
Account
Value
|
Expenses
Paid During
the Period2
|
|||||||||
CAPITAL CASH MANAGEMENT TRUST
|
-
|
$1,000.00
|
$1,000.00
|
-
|
||||||||
Hypothetical
Annualized
Total Return
|
Beginning
Account
Value
|
Ending
Account
Value
|
Expenses
Paid During
the Period(1)
|
|||||||||
|
||||||||||||
CAPITAL CASH MANAGEMENT TRUST
|
5.00%
|
$1,000.00
|
$1,025.00
|
-
|
||||||||
Additional Information (unaudited)
|
Trustees(1)
and Officers
|
Name, Address(2)
and Date of Birth
|
Positions Held with Trust and Length of
Service(3)
|
Principal Occupation(s)
During Past 5 Years
|
Number of Portfolios in Fund Complex(4) Overseen
by Trustee
|
Other Directorships
Held by Trustee
During Past 5 Years
|
||||
Interested
Trustee(5)
|
||||||||
Diana P. Herrmann
New York, NY
(1958)
|
Chair of the Board since 2012 and President since 2004
|
Vice Chair and Chief Executive Officer of Aquila Management Corporation, Founder and Sponsor of the Aquila Group of Funds(6) and parent of Aquila Investment Management LLC, Administrator, since 2004, President since 1997, Chief Operating Officer, 1997-2008, a Director since 1984, Secretary since 1986 and previously its Executive Vice President, Senior Vice President or Vice President, 1986-1997; Chief Executive Officer and Vice Chair since 2004, President and Manager since 2003, and Chief Operating Officer (2003-2008), of the Administrator; Chair, Vice Chair, President, Executive Vice President and/or Senior Vice President of funds in the Aquila Group of Funds since 1986; Director of the Distributor since 1997; Governor, Investment Company Institute (the U.S. mutual fund industry trade organization dedicated to protecting shareholder interests and educating the public about investing) for various periods since 2004, and head of its Small Funds Committee, 2004-2009; active in charitable and volunteer organizations.
|
11
|
ICI Mutual Insurance Company, a Risk Retention Group (2006-2009 and 2010-2013); Vice Chair and Trustee of Pacific Capital Funds of Cash Assets Trust (three money-market funds in the Aquila Group of Funds) 2004-2012
|
Non-interested
Trustees
|
||||||||
John M. Burlingame
Wilmette, IL
(1955)
|
Trustee since 2014
|
Global Head – Residential Development, Hyatt Hotels Corporation, since 2009, responsible for whole ownership and vacation ownership components of Hyatt branded mixed-use projects and stand-alone projects; Executive Vice President, Hyatt Vacation Ownership (including resort management, homeowner’s association management, sales and marketing, development and consumer financing), 1994 – 2009; prior to 1994 involved in all phases of hotel development for Hyatt.
|
4
|
American Resort Development Association
|
||||
John J. Partridge
Providence, RI
(1940)
|
Trustee since 2004
|
Founding Partner, Partridge Snow & Hahn LLP, a law firm, Providence, Rhode Island, since 1988, Senior Counsel, since January 1, 2007; Assistant Secretary – Advisor to the Board, Aquila Narragansett Tax-Free Income Fund, 2005-2008, Trustee 2002-2005; director or trustee of various educational, civic and charitable organizations, including Ocean State Charities Trust, Memorial Hospital of Rhode Island, and The Pawtucket Foundation.
|
9
|
None
|
Name, Address(2)
and Date of Birth
|
Positions Held with Trust and Length of Service(3)
|
Principal Occupation(s) During Past 5 Years
|
||
Officers
|
||||
Charles E.
Childs, III
New York, NY
(1957)
|
Executive Vice President since 2008 and Secretary since 2011
|
Executive Vice President of funds in the Aquila Group of Funds and the Administrator and the Administrator’s parent since 2003; Chief Operating Officer of the Administrator and the Administrator’s parent since 2008; Secretary of funds in the Aquila Group of Funds since 2011; formerly Senior Vice President, corporate development, Vice President, Assistant Vice President and Associate of the Administrator’s parent since 1987; Executive Vice President, Senior Vice President, Vice President or Assistant Vice President of the Aquila money-market funds, 1988-2012; Director of the Distributor since 2012.
|
||
Randall S. Fillmore
New York, NY
(1960)
|
Chief Compliance Officer since 2012
|
Chief Compliance Officer of funds in the Aquila Group of Funds, the Administrator and the Distributor since 2012; Managing Director, Fillmore & Associates, 2009-2012; Fund and Adviser Chief Compliance Officer (2002-2009), Senior Vice President - Broker Dealer Compliance (2004-2009), Schwab Funds Anti Money Laundering Officer and Identity Theft Prevention Officer (2004-2009), Vice President - Internal Audit (2000-2002), Charles Schwab Corporation; National Director, Information Systems Risk Management - Consulting Services (1999-2000), National Director, Investment Management Audit and Business Advisory Services (1992-1999), Senior Manager, Manager, Senior and Staff Roles (1983-1992), PricewaterhouseCoopers LLP.
|
||
Joseph P. DiMaggio
New York, NY
(1956)
|
Chief Financial Officer since 2003 and Treasurer since 2000
|
Chief Financial Officer of funds in the Aquila Group of Funds since 2003 and Treasurer since 2000.
|
ITEM 5.
|
AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable
|
ITEM 6.
|
SCHEDULE OF INVESTMENTS.
Included in Item 1 above
|
ITEM 7.
|
DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
|
ITEM 8.
|
PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
|
ITEM 9.
|
PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
|
ITEM 10.
|
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
|
CAPITAL CASH MANAGEMENT TRUST
|
||
By: | /s/ Diana P. Herrmann | |
Chair, President and Trustee
March 7, 2014
|
||
By: | /s/ Joseph P. DiMaggio | |
Chief Financial Officer and Treasurer
March 7, 2014
|
CAPITAL CASH MANAGEMENT TRUST
|
||
By: | /s/ Diana P. Herrmann | |
Diana P. Herrmann
Chair, President and Trustee
March 7, 2014
|
||
By: | /s/ Joseph P. DiMaggio | |
Joseph P. DiMaggio
Chief Financial Officer and Treasurer
March 7, 2014
|
Dated: March 7, 2014
|
|
/s/ Diana P. Herrmann | |
Chair, President and Trustee
Capital Cash Management Trust
|
|||
Dated: March 7, 2014
|
/s/ Joseph P. DiMaggio | ||
Chief Financial Officer and
Treasurer
Capital Cash Management Trust
|
1.
|
I have reviewed this report on Form N-CSR of Capital Cash Management Trust;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
|
|
a)
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
|
b)
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
|
c)
|
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
|
|
d)
|
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
|
5.
|
The registrant's other certifying officers and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
|
|
a)
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
|
|
b)
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
|
/s/ Diana P. Herrmann
|
|
Title: Chair, President and Trustee
|
1.
|
I have reviewed this report on Form N-CSR of Capital Cash Management Trust;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
|
|
a)
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
|
b)
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
|
c)
|
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
|
|
d)
|
Disclosed in this report any change in the registrant;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
|
5.
|
The registrant's other certifying officers and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
|
|
a)
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
|
|
b)
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
|
/s/ Joseph P. DiMaggio
|
|
Title: Chief Financial Officer and Treasurer
|
Chair and/or Trustee and/or President
|
Diana P. Herrmann
|
Chief Financial Officer and Treasurer
|
Joseph P. DiMaggio
|