Correspondence 0001999371-23-000089 from KEYCO BOND FUND INC (CIK 0000313180)
KEYCO BOND FUND INC (CIK 0000313180)
Date: Nov. 13, 2023 · CIK: 0000313180 · Accession: 0001999371-23-000089
AI Filing Summary & Sentiment
File numbers found in text: 811-02957
Letter
Division of Investment Management 444 South Flower Street Suite 900 Los Angeles, CA 90071 Re: Keyco Bond Fund, Inc., File No. 811-02957 Preliminary Proxy Statement
Dear Mr. Mathews:
In a telephone conversation on October 31, 2023, you provided comments regarding the Preliminary Proxy Statement ("Proxy Statement") for the Keyco Bond Fund, Inc. (the "Fund" or "Registrant" or "Company"). The Proxy Statement seeks approval for: (1) election of five directors; (2) ratification of the appointment of Sanville & Company as the Company's independent registered public accounting firm; (3) renaming the Company and the Fund from Keyco Bond Fund, Inc. to Keyco Fund, Inc.; (4) a non-binding proposal to approve the compensation of the Company's named executive officers; (5) a non-binding proposal to recommend the frequency of shareholder advisory votes on the compensation of the Company's named executive officers; and (6) transact such other business as may properly come before the meeting or any adjournments thereof.
Please find below a summary of the comments and the Registrant's responses, which the Registrant has authorized Thompson Hine LLP to make on behalf of the Registrant. A marked version of the Proxy Statement is attached to aid in your review.
Comment 1. Please file the Registrant's responses as correspondence on EDGAR prior to filing the definitive proxy statement.
Response. The Registrant acknowledges this requirement.
Comment 2. When a revision is made in the Proxy Statement, please carry it over to all other portions of the Proxy Statement where it would be relevant.
Page 2
Response. The Registrant has carried over all relevant revisions.
Comment 3. Please revise short cite references to "Fund" and "Company" to clarify that Fund and Company are representations of the same entity.
Response. The Registrant has revised short cite references to "Fund" and "Company" to clarify that Fund and Company are representations of the same entity.
Comment 4. When describing plurality vote for the election of directors, please include disclosure explaining the mechanics of election by a plurality when a director is unopposed and the effect of votes not cast and votes to "withhold."
Response. The Registrant has revised disclosures to describe plurality vote for the election of directors when a director is unopposed and the effect of votes not cast and votes to withhold.
Comment 5. Please include quorum and vote threshold required for the approval of item three (renaming the Fund).
Response. The Registrant has revised disclosures to include quorum and vote threshold required for the approval of item three.
Comment 6. In the sub-heading entitled "Determination Not to Use Investment Adviser; Termination of Investment Advisory Contract," please remove Termination of Investment Advisory Contract as it is not related to the disclosures that follow.
Response. The Registrant has made the requested deletion.
If you have any further questions or additional comments, please contact Parker Bridgeport at 614-469-3228.
Very truly yours,
Parker Bridgeport
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filename1.htm
November 8, 2023
VIA ELECTRONIC SUBMISSION TO EDGAR
David P. Mathews
Attorney-Adviser
U.S. Securities and Exchange Commission
Division of Investment Management
Disclosure Review & Accounting Office
Los Angeles Regional Office
444 South Flower Street
Suite 900
Los Angeles, CA 90071
Re: Keyco Bond Fund, Inc., File No.
811-02957 Preliminary Proxy Statement
Dear Mr. Mathews:
In a telephone conversation on October 31, 2023, you
provided comments regarding the Preliminary Proxy Statement ("Proxy Statement") for the Keyco Bond Fund, Inc. (the "Fund"
or "Registrant" or "Company"). The Proxy Statement seeks approval for: (1) election of five directors; (2) ratification
of the appointment of Sanville & Company as the Company's independent registered public accounting firm; (3) renaming the Company
and the Fund from Keyco Bond Fund, Inc. to Keyco Fund, Inc.; (4) a non-binding proposal to approve the compensation of the Company's named
executive officers; (5) a non-binding proposal to recommend the frequency of shareholder advisory votes on the compensation of the Company's
named executive officers; and (6) transact such other business as may properly come before the meeting or any adjournments thereof.
Please find below a summary of the comments and the
Registrant's responses, which the Registrant has authorized Thompson Hine LLP to make on behalf of the Registrant. A marked version of
the Proxy Statement is attached to aid in your review.
Comment 1. Please file the Registrant's responses
as correspondence on EDGAR prior to filing the definitive proxy statement.
Response. The Registrant acknowledges this
requirement.
Comment 2. When a revision is made in the Proxy
Statement, please carry it over to all other portions of the Proxy Statement where it would be relevant.
Page 2
Response. The Registrant
has carried over all relevant revisions.
Comment 3. Please
revise short cite references to "Fund" and "Company" to clarify that Fund and Company are representations of the same
entity.
Response. The Registrant
has revised short cite references to "Fund" and "Company" to clarify that Fund and Company are representations of
the same entity.
Comment 4. When describing
plurality vote for the election of directors, please include disclosure explaining the mechanics of election by a plurality when a director
is unopposed and the effect of votes not cast and votes to "withhold."
Response. The Registrant
has revised disclosures to describe plurality vote for the election of directors when a director is unopposed and the effect of votes
not cast and votes to withhold.
Comment 5. Please
include quorum and vote threshold required for the approval of item three (renaming the Fund).
Response. The Registrant
has revised disclosures to include quorum and vote threshold required for the approval of item three.
Comment 6. In the
sub-heading entitled "Determination Not to Use Investment Adviser; Termination of Investment Advisory Contract," please
remove Termination of Investment Advisory Contract as it is not related to the disclosures that follow.
Response. The Registrant
has made the requested deletion.
If you have any further questions or additional
comments, please contact Parker Bridgeport at 614-469-3228.
Very truly yours,
Parker Bridgeport
Senior Counsel
Thompson Hine LLP
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