In the Matter of Sun Life Prosperity Dollar Abundance Fund, Inc.
SEC-CFD Order No. 062-13 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Apr 10, 2013
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April 10, 2013 SEC-CFD * ORDER NO. 062-13 IN THE MATTER OF SUN LIFE PROSPERITY DOLLAR ABUNDANCE FUND, INC. , registrant. ORDER Upon consideration of the Amended Registration Statement filed by SUN LIFE PROSPERITY DOLLAR ABUNDANCE FUND, INC. reflecting the following amendments: Subject Original Proposed Amendments The Fund None Open-end mutual fund companies in the Philippines are organized as stock corporations. The Fund may become fully subscribed at any point in time. In such case, the Fund would continue to accept Deposits for Future Subscriptions (DFFS) in anticipation of an increase in capital, subject to the requirements of the law and regulations on the same. The DFFS accepted would be earmarked for the issuance of the appropriate number of shares that the DFFS would have purchased as of date of acceptance. Upon approval of the increase in authorized capital stock and upon registration of the new shares resulting therefrom with the Securities and Exchange Commission, the Fund would release the shares the DFFS had purchased, according to the "first in, first out" rule. Terms of the 1. Minimum Initial Investment 1. US$1,000.00 Offer US$2,000.00 2. Minimum Subsequent 2. US$200.00 Investment US$500.00 3. Minimum Redemption Amount 3. US$200.00 US$500.00 Sales Load With Option C and Worksite Option Option C and Worksite Option were deleted. Use of Proceeds from the sale of the shares Proceeds from the sale of the shares will Proceeds will be used to invest in fixed income be used to invest in fixed income instruments denominated in US Dollars instruments denominated in US Dollars or other major world currencies issued issued by the Philippine Government, by the Republic of the Philippines, other major economies or corporations United States Government or other operating therein. The company's foreign major world economies or investments may either be purchased corporations operating therein. directly or through one or more securities issued by diversified investment companies invested in such securities. Custodian Citibank N.A. and Deutsche Bank Citibank N.A., Deutsche Bank A.G. and Banks A.G. Hongkong and Shanghai Banking Corp. Investment The Fund's objective is to generate The Fund aims to provide regular returns Objective total returns consisting of current through investments in a diversified income and capital growth in US portfolio of US Dollar denominated fixed Dollars and other major world income instruments issued by the Philippine currencies. Government, other major economies or corporations operating therein or through diversified investment companies invested in such securities. the Commission in its meeting held on April 4, 2013, resolved to render effective the same, except the amendment pertaining to the proposed redemption rights of "DFFS holders" for lack of legal basis. EcTCAD SO ORDERED. EDSA, Greenhills, Mandaluyong City, Philippines, April 10, 2013. (SGD.) JUSTINA F. CALLANGAN Acting Director
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