June 12, 1990
TO: CLOSED-END FUND MEMBERS NO. 21-90
INVESTMENT ADVISER MEMBERS NO. 24-90
INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 22-90
SEC RULES MEMBERS NO. 41-90
UNIT INVESTMENT TRUST MEMBERS NO. 35-90
INTERNATIONAL FUNDS TASK FORCE NO. 12-90
RE: CONFERENCE ON RULE 144A - REMINDER
__________________________________________________________
As we previously informed you, the Institute is sponsoring
a special one-day conference on recently adopted Rule 144A, which
creates a safe harbor from the registration requirements under
the Securities Act of 1933 for resales of restricted securities
to qualified institutional buyers. The conference will be held
on Wednesday, June 27 at the Madison Hotel, beginning at 9:00
a.m. A copy of the conference program is attached.
The conference will consist of three panels which are
scheduled to cover the following topics: Background, Structure
and Implications of Rule 144A; The Offering Process in the
Secondary Market and the NASD PORTAL System; and Investment
Company and Investment Adviser Issues. Several experts on Rule
144A will be featured, including keynote speaker Linda Quinn,
Director of the SEC's Division of Corporation Finance, and
panelist Sara Hanks, former Chief of the SEC's Office of
International Corporate Finance and a primary drafter of the
Rule.
Several of you have already made plans to attend the
conference. If you have not already done so and wish to attend,
please complete the attached registration form and return it to
the Institute as soon as possible. Attendance at the conference
is limited to Institute members and other organizations
maintaining a business relationship with an Institute member,
such as outside counsel and accountants.
We ask that you make your own reservations at the Madison
Hotel if you need a hotel room. The address of the hotel is 1177
15th Street NW (corner of 15th & M Streets) and the telephone
number is 202/862-1600. When you phone for reservations, please
be sure to mention that you are attending the Investment Company
Institute's conference.
We look forward to seeing you on June 27.
Amy Rosenblum
Assistant General Counsel
Frances M. Stadler
Assistant General Counsel
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