Securities and Exchange Commission
Washington, D.C. 20549
Form N-54C
NOTIFICATION OF WITHDRAWAL OF ELECTION TO BE SUBJECT TO
SECTIONS 55 THROUGH 65 OF THE INVESTMENT COMPANY ACT OF
1940 FILED PURSUANT TO SECTION 54(C) OF THE INVESTMENT
COMPANY ACT OF 1940
The undersigned business development company hereby notifies
the Securities and Exchange Commission that it withdraws its
election to be subject to sections 55 through 65 of the
Investment Company Act of 1940 (the Act), pursuant to the
provisions of section 54(c) of the Act, and in connection with
such notice of withdrawal of election submits the following
information:
Name: Ridgewood Electric Power Trust IV
Address of Principal Business Office (No. & Street, City, State,
Zip Code):
947 Linwood Avenue, Ridgewood, NJ 07450-2939
Telephone Number (including area code): (201) 447-9000
File Number under the Securities Exchange Act of 1934:
0-25430
In addition to completing the cover page, a company
withdrawing its election under section 54(a) of the Act must
state one of the following bases for filing the notification of
withdrawal:
A. The company has never made a public offering of its
securities; does not have more than 100 securityholders for
purposes of section 3(c)(1) of the Act and the rules thereunder;
and does not propose to make a public offering.
B. The company (1) has distributed substantially all of its
assets to its securityholders and has effected, or is in the
process of effecting, a winding-up of its affairs, and (2) is not
liquidating as part of a merger.
C. The company has (1) sold substantially all of its assets
to another company; or (2) merged into or consolidated with
another company. Give the name of the other company and state
whether the other company is a registered investment company, a
company excluded from the definition of an investment company by
section 3(c)(1) of the Act, a business development company, or
none of the above.
[X] D. The company has changed the nature of its business so as
to cease to be a business development company, and such change
was authorized by the vote of a majority of its outstanding
voting securities or partnership interests. Describe the
company's new business. Give the date of the shareholders' or
partners' meeting and the number of votes in favor of and opposed
to the change.
The company's business is to acquire, develop and operate
independent power plants and similar capital facilities.
A consent solicitation of the company's Investors was begun
on September 9, 1996, and consents were tabulated at the close of
business on October 2, 1996. A total of 481.6669 Investor Shares
were outstanding and entitled to be voted. The votes on the
questions of withdrawing the business development company
election were as follows on the tabulation date:
FOR: 251.1130 Investor Shares
OPPOSED: 8.3162 Investor Shares
Additional consents were received but not tabulated due to
possible improper execution. Such consents were voted in
approximately the same proportions as the others.
E. The company has filed a notice of registration under
section 8 of the Act. State the filing date of the company's
notice of registration (Form N-8A) under the Act.
F. Other. Explain the circumstances surrounding the
withdrawal of election.
SIGNATURE
Form of signature:
Pursuant to the requirements of the Act, the undersigned company
has caused this notification of withdrawal of election to be
subject to sections 55 through 65 of the Act to be duly signed on
its behalf in the Village of Ridgewood and State of New Jersey on
the 2nd day of October, 1996.
[SEAL]
Signature RIDGEWOOD ELECTRIC POWER TRUST IV
(Name of Company)
By /s/Robert E. Swanson
Robert E. Swanson, President
(Name of director, officer or general
partner signing on behalf of the company)
Attest: /s/Mary Louise Olin
Mary Louise Olin
(Name)
Vice President and Assistant Secretary
(Title)
