Registration No. 33-1696
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.
Post-Effective Amendment No. 14
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 15
REICH & TANG GOVERNMENT SECURITIES
(Exact Name of Registrant as Specified in Charter)
600 Fifth Avenue, New York, New York 10020
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (212) 830-5200
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Bernadette N. Finn
c/o Reich & Tang Asset Management L.P.
600 Fifth Avenue
New York, New York 10020
(Name and address of agent for service)
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It is proposed that this filing will become effective (check appropriate box)
[X] immediately upon filing pursuant to paragraph (b)
[ ] on (date) pursuant to paragraph (b)
[ ] 6O days after filing pursuant to paragraph (a)
[ ] on (date) pursuant to paragraph (a) of Rule 485
<PAGE>
CALCULATION OF REGISTRATION FEE UNDER THE SECURITIES ACT OF 1933
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Proposed Proposed
Maximum Maximum
Securities Amount Offering Aggregate Amount of
Being Being Price per Offering Registration
Registered Registered Unit* Price** Fee**
COMMON
STOCK
$.001 par 319,802.489 $9.73 $3,111,678.22 $100.00
value
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Exhibit: Opinion of Messrs. Battle Fowler LLP
* Estimated solely for the purposes of determining the amount of the
registration fee based on the net asset value per share of such Common Stock on
April 10, 1995.
** Calculated pursuant to Rule 24e-2(a) under the Investment Company Act of
1940. 1,196,488.997 shares were redeemed during the fiscal year ended February
28, 1995, 289,998.48 of which are being used for "reduction" in this amendment,
and none of which were previously so used in filings pursuant to Rule
24e-2(a) or 24f-2(c) during the current fiscal year ending February 28, 1996.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets all of
the requirements for effectiveness of this Amendment to its Registration
Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly
caused this Amendment to its Registration Statement to be signed on its behalf
by the undersigned, thereunto duly authorized, in the City of New York, and
State of New York, on the 27th day of April, 1995.
REICH & TANG GOVERNMENT SECURITIES TRUST
By: \s\Robert F. Hoerle
Robert F. Hoerle
Chairman of the Board of Trustees
Pursuant to the requirements of the Securities Act of 1933, this
Amendment to its Registration Statement has been signed below by the following
persons in the capacities and on the dates indicated.
SIGNATURE CAPACITY DATE
(1) Acting Principal
Executive Officer
\s\Robert F. Hoerle Chairman of the Board of Trustees 4/27/95
Robert F. Hoerle
(2) Principal Financial and
Accounting Officer
\s\Richard De Sanctis
Richard De Sanctis Treasurer 4/27/95
(3) Majority of Trustees
W. Giles Mellon Trustee
Robert Straniere Trustee
Yung Wong Trustee
By: \s\Bernadette N. Finn
Bernadette N. Finn 4/27/95
Attorney-in-Fact
BATTLE FOWLER LLP
75 East 55th Street
New York, New York 10022
April 28, 1995
Reich & Tang Government Securities Trust
600 Fifth Avenue
New York, New York 10020
Gentlemen:
We have acted as counsel to Reich & Tang Government Securities Trust, a
Massachusetts Business Trust (the "Fund"), in connection with the preparation
and filing of Registration Statement No. 33-1696 on Form N-1A pursuant to Rule
24e-2 of the Securities Act of 1933 registering the issuance of (the
"Registration Statement") 319,802.489 shares of beneficial interest, par value
$.01 per share, of the Fund.
We have examined copies of the Declaration of Trust and By-Laws of the
Fund, the Registration Statement, and such other corporate records, proceedings
and documents, including the consent of the Board of Trustees and the minutes of
the meeting of the Board of Trustees of the Fund, as we have deemed necessary
for the purpose of this opinion. We have also examined such other documents,
papers, statutes and authorities as we deemed necessary to form a basis for the
opinion hereinafter expressed. In our examination of such material, we have
assumed the genuineness of all signatures and the conformity to original
documents of all copies submitted to us. As to various questions of fact
material to such opinion, we have relied upon statements and certificates of
officers and representatives of the Fund and others.
Based upon the foregoing, we are of the opinion that the 319,802.489
shares of Common Stock, par value $.01 per share, of the Fund, to be issued in
accordance with the terms of the offering, as set forth in the Prospectus and
Statement of Additional Information included as part of the Registration
Statement and in accordance with applicable state securities laws, when so
issued and paid for, will constitute validly authorized and legally issued
shares of Common Stock, fully paid and non-assessable.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to us in the Registration Statement
under the heading "Federal Income Taxes" in the Prospectus and in the Statement
of Additional Information, and under the heading "Counsel and Auditors" in the
Statement of Additional Information.
Very truly yours,
BATTLE FOWLER LLP
