SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-18F-1
NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
UNDER THE INVESTMENT COMPANY ACT OF 1940
PILGRIM AMERICA BANK AND THRIFT FUND, INC.
(Exact Name of Registrant)
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NOTIFICATION OF ELECTION
The undersigned registered open-end investment company hereby notifies
the Securities and Exchange Commission that it elects to commit itself to pay in
cash all redemptions by a shareholder of record as provided by Rule 18f-1 under
the Investment Company Act of 1940. It is understood that this election is
irrevocable while such Rule is in effect unless the Commission by order upon
application permits the withdrawal of this Notification of Election.
SIGNATURE
Pursuant to the requirements of Rule 18f-1 under the Investment Company
Act of 1940, the registrant has caused this notification of election to be duly
executed on its behalf in the city of Phoenix and the state of Arizona on the
17th day of October, 1997.
PILGRIM AMERICA BANK AND THRIFT FUND, INC.
(Name of Registrant)
By /s/ Robert W. Stallings
President
Attest: /s/ James M. Hennessy
Senior Vice President and Secretary
