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FORM N-8F
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Application Pursuant to Section 8(f) of the
Investment Company Act of 1940 ("Act")
and Rule 8f-1 Thereunder for Order Declaring
that a Registered Investment Company has Ceased
to be an Investment Company under the Act
I. GENERAL IDENTIFYING INFORMATION
1. Reason fund is applying to deregister (check only one; for
descriptions, see Instruction 1 above):
[x] Merger
[ ] Liquidation
[ ] 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 10 of this form and complete verification at the end
of the form.)
2. Name of fund: GT Global Floating Rate Fund, Inc.
(d/b/a AIM Floating Rate Fund)
3. Securities and Exchange Commission File No.: 811-07957
4. Is this an initial Form N-8F or an amendment to a previously filed
Form N-8F?
[x] Initial Application [ ] Amendment
5. Address of Principal Executive Office (include No. and Street, City,
State, Zip Code):
11 Greenway Plaza, Suite 100
Houston, Texas 77046-1173
6. Name, address and telephone number of individual the Commission
staff should contact with any questions regarding this form:
Ofelia M. Mayo, Esq.
A I M Advisors, Inc.
11 Greenway Plaza, Suite 100
Houston, Texas 77046-1173
(713) 626-1919
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7. Name, address and telephone number of individual or entity responsible
for maintenance and preservation of fund's records in accordance with
rules 31a-1 and 31a-2 under the Act [17 CFR 270.31a-1, .31a-2]:
A I M Advisors, Inc.
11 Greenway Plaza, Suite 100
Houston, Texas 77046-1173
(713) 626-1919
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. Subclassification 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
or Massachusetts):
The fund is organized as a Maryland corporation.
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:
The fund invested all of its investable assets in Floating Rate
Portfolio (the "Portfolio"), a Delaware business trust. A I M
Advisors, Inc. ("AIM"), the Portfolio's investment adviser from May
29, 1998, until the fund's reorganization into AIM Floating Rate Fund,
a Delaware business trust, on March 31, 2000, is located at 11
Greenway Plaza, Suite 100, Houston, Texas 77046-1173. Prior to May 29,
1998, Chancellor LGT Senior Secured Management, Inc., 1166 Avenue of
the Americas, New York, New York 10036, acted as the Portfolio's
investment adviser.
INVESCO Senior Secured Management, Inc., the Portfolio's investment
sub-adviser from May 29, 1998 until March 31, 2000, is located at 1166
Avenue of the Americas, New York, New York 10036. Prior to May 29,
1998, Chancellor LGT Asset Management, Inc., 50 California Street,
27th floor, San Francisco, California 94111, acted as the Portfolio's
investment sub-adviser.
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INVESCO (NY), Inc., the Portfolio's sub-sub-adviser from May 29, 1998
until March 31, 2000, is located at 1166 Avenue of the Americas, New
York, New York 10036. Prior to May 29, 1998, the Portfolio did not
have an investment sub-sub-adviser.
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
principal underwriters have been terminated:
A I M Distributors, Inc., the fund's principal underwriter from May
29, 1998, until March 31, 2000, is located at 11 Greenway Plaza,
Houston, Texas 77046. Prior to May 29, 1998, G.T. Global, Inc., 50
California Street, San Francisco, California 94111, served as the
fund's principal underwriter.
13. Not applicable.
14. Not applicable.
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:
September 28, 1999.
If No, explain:
(b) Did the fund obtain approval from the shareholders concerning
the decision to engage in a Merger, Liquidation or
Abandonment of Registration?
[x] Yes [ ] No
If Yes, state the date on which the shareholder vote took
place: February 25, 2000.
If No, explain:
II. DISTRIBUTIONS TO SHAREHOLDERS
16. Has the fund distributed any assets to its shareholders in connection
with the Merger or Liquidation?
[x] Yes [ ] No
(a) If Yes, list the date(s) on which the fund made those
distributions: March 31, 2000.
(b) Were the distributions made on the basis of net assets?
[x] Yes [ ] No
(c) Were the distributions made pro rata based on share ownership?
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[x] Yes [ ] No
(d) Not applicable.
(e) Not applicable.
17. Closed-end funds only:
Has the fund issued senior securities?
[ ] Yes [x] 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?
[x] Yes [ ] No
If No,
(a) How many shareholders does the fund have as of the date this
form is 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 interests?
[ ] Yes [x] No
If Yes, describe briefly the plans (if any) for distributing to, or
preserving the interests of, those shareholders:
III. ASSETS AND LIABILITIES
20. Does the fund have any assets as of the date this form is filed?
(See question 18 above)
[ ] Yes [x] No
If Yes,
(a) Describe the type and amount of each asset retained by the
fund as of the date this form is filed:
(b) Why has the fund retained the remaining assets?
(c) Will the remaining assets be invested in securities?
[ ] Yes [ ] No
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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 [x] No
If Yes,
(a) Describe the type and amount of each debt or other liability:
(b) How does the fund intend to pay these outstanding debts or
other liabilities?
IV. INFORMATION ABOUT EVENT(S) LEADING TO REQUEST FOR DEREGISTRATION
22. (a) List the expenses incurred in connection with the Merger or
Liquidation:
<TABLE>
<S> <C> <C>
(i) Legal expenses: $ 225,008
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(ii) Accounting expenses: $ 1,500
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(iii) Other expenses (filing fees and related expenses): $ 27,660
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(iv) Total expenses (sum of lines (i)-(iii) above): $ 254,168
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</TABLE>
(b) How were those expenses allocated? Not applicable.
(c) Who paid those expenses? Advisor paid $198,813, and the fund
paid the remainder amount of $55,355.
(d) How did the fund pay for unamortized expenses (if any)?
Not applicable.
23. Has the fund previously filed an application for an order of the
Commission regarding the Merger or Liquidation?
[ ] Yes [x] No
If Yes, cite the release numbers 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?
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[ ] Yes [x] No
If Yes, describe the nature and extent of those activities:
VI. MERGERS ONLY
26. (a) State the name of the fund surviving the Merger:
AIM Floating Rate Fund, a Delaware business trust.
(b) State the Investment Company Act file number of the fund
surviving the Merger:File No. 811-09797.
(c) If the merger or reorganization agreement has been filed
with the Commission, state the file number(s), form type
used and date the agreement was filed: File No. 811-07957,
DEFS14A, filed on January 7, 2000.
(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) 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 GT Global Floating Rate Fund, Inc. (d/b/a AIM Floating Rate
Fund), (ii) she is a Vice President of the Fund, 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 her knowledge, information and belief.
/s/ CAROL F. RELIHAN
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Carol F. Relihan
Vice President, GT Global Floating
Rate Fund, Inc. (d/b/a AIM Floating
Rate Fund)
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