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OMB APPROVAL
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OMB NUMBER: 3235-0157
EXPIRES: MARCH 31, 2002
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE.....3
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM N-8F
<PAGE>
I. GENERAL IDENTIFYING INFORMATION
1. Reason fund is applying to deregister (check only one; for descriptions, see
Instruction 1 above):
[ ] Merger
[ X ] 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: Cadre Network Health Financial Services Trust
3. Securities and Exchange Commission File No.: 811-06567
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. & Street, City, State,
Zip Code):
905 Marconi Avenue
Ronkonkoma, N.Y. 11779
6. Name, address and telephone number of individual the Commission staff should
contact with any questions regarding this form:
John D. McGovern
905 Marconi Avenue
Ronkonkoma, NY 11779
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 [17CFR 270.31a-1,
.31-a-2]:
Cadre Financial Services, Inc.
905 Marconi Avenue
Ronkonkoma, N.Y. 11779
<PAGE>
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):
[ X ] Open-end [ ] Closed-end
10. State law under which the fund was organized or formed (e.g., Delaware,
Massachusetts):
California
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:
Cadre Financial Services, Inc.
905 Marconi Avenue
Ronkonkoma, NY 11779
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:
Cadre Securities, Inc.
905 Marconi Avenue
Ronkonkoma, NY 11779
13. If the fund is a unit investment trust ("UIT") provide:
(a) Depositor's name(s) and address(s):
(b) Trustee's name(s) and address(s):
<PAGE>
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(s):
File No.: 811-
Business Adress:
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:
May 12, 1999
If No, explain: All shareholders redeemed out of the fund.
(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:
If No, explain: All shareholders redeemed out of the fund.
II. DISTRIBUTION TO SHAREHOLDERS
16. Has the fund distributed any assets to its shareholders in connection with
the Merger or Liquidation?
[ ] Yes [ X ] 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
<PAGE>
(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:
(e) LIQUIDATIONS ONLY:
Were any distributions to shareholders made in kind?
[ ] Yes [ X ] 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 [ X ] No
If No,
(a) How many shareholders does the fund have as of the date this form
is filed? There are no shareholders. The fund maintains a small
amount of cash for expenses accrued but not yet paid in connection
with the liquidation.
(b) Describe the relationship of each remaining shareholder to the
fund:
N/A
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:
<PAGE>
III. ASSETS AND LIABILITIES
20. Does the fund have any assets as of the date this form is filed? (SEE
QUESTION 18 ABOVE)
[ X ] 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:
Cash in the amount of $3,888.00
(b) Why has the fund retained the remaining assets?
To pay accrued fund expenses not yet paid in connection with
the fund's liquidation.
(c) Will the remaining assets be invested in securities?
[ ] Yes [ X ] No
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?
[ X ] Yes [ ] No
If Yes,
(a) Describe the type and amount of each debt or other liability:
Legal Expenses--$3,888.00
(b) How does the fund intend to pay these outstanding debts or other
liabilities?
The fund intends to pay expenses with cash described in
20(a).
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: $3,888.00
<PAGE>
(ii) Accounting expenses: 0
(iii) Other expenses (list and identify separately):0
(iv) Total expenses (sum of lines (i)- (iii) above): $3,888.00
(b) How were those expenses allocated? Pro rata
(c) Who paid those expenses? Fund will pay.
(d) How did the fund pay for unamortized expenses (if any)?
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 applications 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:
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: 811-
<PAGE>
(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:
(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 Cadre Network Health Financial Services Trust (ii) he or she
is the Chairman of the Board of Trustees of Cadre Network Health Financial
Services 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/ WILLIAM T. SULLIVAN, JR.
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William T. Sullivan, Jr.
