M&A - Federated Hermes Government Income Securities, Inc.

Form Type: N-8F/A

Filing Date: 2025-04-17

Corporate Action: Merger

Type: Update

Accession Number: 000162363225000414

Filing Summary: Federated Hermes Government Income Securities, Inc. is applying to deregister due to a merger with Federated Hermes Government Income Fund, a portfolio of Federated Hermes Government Income Trust. This decision received board approval on November 9, 2023, and did not require shareholder approval per relevant regulations. The reorganization occurred on February 23, 2024, with former shareholders of the Fund receiving shares of the new portfolio on February 26, 2024. The fund has distributed all its assets, and there are no outstanding debts as of the filing date of this form. Total expenses incurred in connection with the merger were $26,049.87, which included legal, accounting, and other fees. The fund is no longer engaged in any business activities beyond winding up its affairs and has confirmed that it is not subject to any litigation or administrative proceedings.

Form Type: N-8F

Filing Date: 2025-03-12

Corporate Action: Merger

Type: New

Accession Number: 000162363225000326

Filing Summary: Federated Hermes Government Income Securities, Inc. filed Form N-8F to deregister under the Investment Company Act of 1940, primarily due to a merger with Federated Hermes Government Income Fund, which is part of Federated Hermes Government Income Trust. The board approved the merger on November 9, 2023, though shareholder approval was not required according to Rule 17a-8 of the Investment Company Act and the fund's governing documents. The reorganization took effect at the close of business on February 23, 2024, and the transition included distributing shares of the new fund to existing shareholders as of February 26, 2024. The fund has settled its affairs without any outstanding debts or assets remaining. The filing included details on expenses incurred during the merger process, totaling $26,049.87. The necessary legal and accounting fees were either minimal or none, while proxy and Blue Sky termination fees were also noted. The application emphasizes that all necessary actions have been executed to authorize this filing.