In the Matter of Philam Managed Income Fund, Inc.

March 11, 2019CORPORATE GOVERNANCE AND FINANCE DEPARTMENTIN THE MATTER OF PHILAM MANAGED INCOME FUND, INC., registrant.AMENDED REGISTRATION STATEMENTNOTICENotice is hereby given that on December 18, 2018 an Amended Registration Statement was filed with the Securities and Exchange Commission on behalf of Philam Managed Income Fund, Inc. ("PMFI") to reflect the following changes in its registration statement as follows:  SubjectOriginal ProvisionProposed AmendmentsInvestment ObjectivesThe PMFI considers a medium to long-term investment horizon for its shareholders. The Fund will be positioned as a conservative investment vehicle that provides investors with reasonable returns on their assets while making available quarterly cash stream for investors with at least P100,000.00 invested in the Fund.To achieve capital preservationPortfolio MixIn light of the rising interest rate environment and considering that the Fund will be marked-to-market, the planned portfolio mix, at least for the initial year, will have an average tenor of 3.5 years with 40% of the portfolio invested in 3-year tenor. Investments will still be heavy on fixed rate treasury notes (FXTNs) as there are only limited commercial paper issuances at present.This...