Mandatorily Exchangeable Securities Trust

07/23/2025 | Press release | Distributed by Public on 07/23/2025 09:09

Amendment to Deregistration Application (Form N-8F/A)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-8F

APPLICATION FOR DEREGISTRATION 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
[x] 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 11 of this form and complete verification at the end of the form.)
2. Name of fund.
Mandatorily Exchangeable Securities Trust (the "Trust")
3. Securities and Exchange Commission File No.
811-09433
4. Is this an initial Form N-8F or an amendment to a previously filed Form N-8F?
[ ] Initial Application [x] Amendment
5. Address of Principal Executive Office (include No. & Street, City, State Zip Code):
200 West Street
New York, NY 10282-2198
6. Name, address and telephone number of individual the Commission staff should contact with any questions regarding this form:
Gregory Rowland
450 Lexington Avenue
New York, NY 10017
(212) 450-4930
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]:
Lin Yu, Esq
200 West Street
New York, NY 10282-2198
(212) 902-1000
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):
[x] Management company
[ ] Unit investment trust; or
[_] Face amount certificate company.
9. Sub-classification if the fund is a management company (check only one):
[ ] Open-end [x] Closed-end
10. State law under which the fund was organized or formed (e.g., Delaware, Massachusetts):
New York
11. Provide the name and address of each investment adviser of the fund (including sub-advisers) during the last five years, even if the fund's contracts with those advisers have been terminated:
N/A, as the Trust is internally managed
12. Provide the name and address of each principal underwriter of the fund during the last five years, even if the fund's contracts with those underwriters have been terminated:
Goldman Sachs & Co. LLC
200 West Street
New York, NY 10282-2198
13. If the fund is a unit investment trust ("UIT") provide:
(a) Depositors' name(s) and address(es:)
Not Applicable.
(b) Directors' name(s) and address(es):
Not Applicable
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 [x] No
If Yes, for each UIT state (name, file no. and 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
[x] Yes [_] No
If Yes, state the date on which the board vote took place: June 27, 2024
If No, explain: Not applicable.
(b) Did the fund obtain approval from the shareholders concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration?
[_] Yes [x] No
If Yes, state the date on which the shareholder vote took place: Not applicable.
If No, explain: Interests in the Trust have never been sold and the Trust never commenced operations. As such, no shareholder approval is required.

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:
(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:
There are no assets held in the Trust and no shareholders of the Trust.
(e) Liquidations only:
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:
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 fund's shareholders?
[ ] Yes [_] No
If No,
(a) How many shareholders does the fund have as of the date of this form 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 interest?
[_] Yes [ ] No
If Yes, describe briefly the plans (if any) for disturbing to, or preserving the interest of, those shareholders.
III. Assets and Liabilities
20. Does the fund have any assets as of the date this form is filed?
[_] 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:
Not Applicable.
(b) Why has the fund retained the remaining assets?
Not Applicable.
(c) Will the remaining assets be invested in securities?
Not Applicable.
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:
Not Applicable.
(b) How does the fund intend to pay these outstanding debts or other liabilities?
Not Applicable.
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:
(ii) Accounting expenses:
(iii) Other expenses (list and identify separately):
(iv) Total expenses (sum of lines (i) - (iii) above):
(b) How were those expenses allocated?
(c) Who paid those expenses?
(d) How did the fund pay for unauthorized expenses (if any)?
23. Has the fund previously filed an application for an order of the Commission regarding the Merger or Liquidaton?
[_] Yes [  ] No
If Yes, cite the release number of the Commission's 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 [x] 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 [x] No

If Yes, describe the nature and extent of those activities: Applicant has never made a public offering of its securities and does not

propose to make a public offering or engage in business of any kind.

VI. Mergers Only
26. (a) State the name of the fund surviving the Merger.
(b) State the Investment Company Act file number of the fund surviving the Merger.
(c) If the merger or reorganization agreement has been filed with the Commission, state the file number(s) and date the agreement was filed:
(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.

VERIFICATION

The undersigned states that (i) he or 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 the Seventh Automatic Common Exchange Security Trust; (ii) he or she is the Trustee of the Trust; 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 his or her knowledge, information, and belief.

/s/ Jonathan Armstrong

Jonathan Armstrong

Trustee of Mandatorily Exchangeable Securities Trust

July 23, 2025

Mandatorily Exchangeable Securities Trust published this content on July 23, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on July 23, 2025 at 15:09 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]