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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

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FORM 8-K

 

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CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report: September 28, 2005

 

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S&P 500^® GEARED^SM Fund Inc.

(Exact name of registrant as specified in its charter)

 

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Maryland		811-21611		33-1103720
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

4 World Financial Center 5th, Floor New York, NY				10080
(Address of principal executive offices)				(Zip Code)

 

Registrant’s telephone number, including area code 877-449-4742

 

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Item 7.01 – Regulation FD Disclosure

 

On September 9, 2005 the registrant issued a press release and also filed a form 8-K relating to S&P 500^® GEARED^SM Fund Inc. (the “Fund”), a closed-end management investment company that trades on the New York Stock Exchange under the symbol “GRE.”

 

The press release stated that Fund management had discovered that an inadvertent error had generally resulted in an understatement of the Fund’s reported net asset value (“NAV”) since its commencement of business operations, on November 1, 2004, through September 7, 2005. The press release also stated that the error had been eliminated, effective with the publication of the Fund’s reported NAV for September 8, 2005.

 

The Fund’s historical NAV calculations have been reviewed and the Fund has determined to restate daily NAV for November 1, 2004 through September 6, 2005. The list of original and restated NAVs is included in this report. The Fund intends to issue a press release with this information.

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NAV DATE		ORIGINAL NAV		REVISED NAV		NAV DATE		ORIGINAL NAV		REVISED NAV		NAV DATE		ORIGINAL NAV		REVISED NAV		NAV DATE		ORIGINAL NAV		REVISED NAV
11/01/2004		19.06		N/A		01/18/2005		19.91		19.91		04/05/2005		19.79		19.97		06/21/2005		20.28		20.67
11/02/2004		19.06		19.06		01/19/2005		19.77		19.76		04/06/2005		19.85		20.00		06/22/2005		20.25		20.68
11/03/2004		19.26		19.26		01/20/2005		19.70		19.70		04/07/2005		20.00		20.09		06/23/2005		19.93		20.56
11/04/2004		19.49		19.49		01/21/2005		19.60		19.61		04/08/2005		19.78		19.98		06/24/2005		19.73		20.45
11/05/2004		19.57		19.57		01/24/2005		19.51		19.56		04/11/2005		19.77		19.99		06/27/2005		19.71		20.44
11/08/2004		19.55		19.55		01/25/2005		19.60		19.63		04/12/2005		19.90		20.08		06/28/2005		19.95		20.57
11/09/2004		19.52		19.52		01/26/2005		19.71		19.71		04/13/2005		19.60		19.92		06/29/2005		19.92		20.55
11/10/2004		19.51		19.51		01/27/2005		19.70		19.73		04/14/2005		19.34		19.77		06/30/2005		19.71		20.47
11/11/2004		19.67		19.66		01/28/2005		19.62		19.71		04/15/2005		18.96		19.50		07/01/2005		19.78		20.51
11/12/2004		19.79		19.79		01/31/2005		19.80		19.86		04/18/2005		19.08		19.49		07/05/2005		19.99		20.64
11/15/2004		19.79		19.79		02/01/2005		19.95		19.95		04/19/2005		19.21		19.59		07/06/2005		19.81		20.49
11/16/2004		19.70		19.70		02/02/2005		20.02		20.02		04/20/2005		18.91		19.38		07/07/2005		19.78		20.63
11/17/2004		19.77		19.77		02/03/2005		19.96		20.00		04/21/2005		19.31		19.73		07/08/2005		20.15		20.73
11/18/2004		19.80		19.80		02/04/2005		20.17		20.17		04/22/2005		19.17		19.61		07/11/2005		20.32		20.80
11/19/2004		19.64		19.64		02/07/2005		20.15		20.15		04/25/2005		19.36		19.76		07/12/2005		20.38		20.84
11/22/2004		19.69		19.69		02/08/2005		20.17		20.16		04/26/2005		19.15		19.61		07/13/2005		20.41		20.85
11/23/2004		19.69		19.69		02/09/2005		19.99		20.06		04/27/2005		19.24		19.68		07/14/2005		20.49		20.87
11/24/2004		19.74		19.74		02/10/2005		20.10		20.13		04/28/2005		18.99		19.50		07/15/2005		20.52		20.89
11/26/2004		19.76		19.76		02/11/2005		20.22		20.22		04/29/2005		19.24		19.70		07/18/2005		20.36		20.82
11/29/2004		19.72		19.72		02/14/2005		20.25		20.25		05/02/2005		19.36		19.76		07/19/2005		20.56		20.90
11/30/2004		19.66		19.66		02/15/2005		20.29		20.29		05/03/2005		19.34		19.75		07/20/2005		20.70		20.95
12/01/2004		19.88		19.88		02/16/2005		20.30		20.30		05/04/2005		19.62		19.96		07/21/2005		20.48		20.90
12/02/2004		19.86		19.86		02/17/2005		20.15		20.21		05/05/2005		19.56		19.92		07/22/2005		20.64		20.96
12/03/2004		19.87		19.87		02/18/2005		20.17		20.22		05/06/2005		19.52		19.92		07/25/2005		20.52		20.93
12/06/2004		19.87		19.87		02/22/2005		19.77		20.03		05/09/2005		19.67		20.02		07/26/2005		20.58		20.94
12/07/2004		19.72		19.72		02/23/2005		19.94		20.09		05/10/2005		19.36		19.90		07/27/2005		20.71		20.99
12/08/2004		19.80		19.80		02/24/2005		20.16		20.19		05/11/2005		19.46		19.98		07/28/2005		20.91		21.05
12/09/2004		19.88		19.88		02/25/2005		20.31		20.31		05/12/2005		19.23		19.82		07/29/2005		20.65		20.98
12/10/2004		19.86		19.86		02/28/2005		20.20		20.20		05/13/2005		19.14		19.74		08/01/2005		20.71		20.95
12/13/2004		19.99		19.99		03/01/2005		20.30		20.30		05/16/2005		19.33		19.93		08/02/2005		20.93		21.03
12/14/2004		20.03		20.03		03/02/2005		20.31		20.31		05/17/2005		19.56		19.99		08/03/2005		20.95		21.05
12/15/2004		20.06		20.06		03/03/2005		20.29		20.29		05/18/2005		19.79		20.16		08/04/2005		20.71		20.98
12/16/2004		19.97		19.97		03/04/2005		20.39		20.39		05/19/2005		19.90		20.23		08/05/2005		20.46		20.91
12/17/2004		19.88		19.88		03/07/2005		20.41		20.41		05/20/2005		19.84		20.23		08/08/2005		20.38		20.88
12/20/2004		19.89		19.89		03/08/2005		20.35		20.35		05/23/2005		19.92		20.31		08/09/2005		20.57		20.96
12/21/2004		19.91		19.91		03/09/2005		20.24		20.24		05/24/2005		19.91		20.33		08/10/2005		20.52		20.95
12/22/2004		19.97		19.97		03/10/2005		20.26		20.26		05/25/2005		19.80		20.30		08/11/2005		20.74		21.03
12/23/2004		19.97		19.97		03/11/2005		20.17		20.17		05/26/2005		19.97		20.39		08/12/2005		20.57		20.96
12/27/2004		19.92		19.92		03/14/2005		20.24		20.24		05/27/2005		19.97		20.43		08/15/2005		20.64		21.00
12/28/2004		20.01		20.01		03/15/2005		20.08		20.08		05/31/2005		19.83		20.33		08/16/2005		20.27		20.88
12/29/2004		19.99		19.99		03/16/2005		19.94		20.03		06/01/2005		20.01		20.51		08/17/2005		20.29		20.90
12/30/2004		19.99		19.99		03/17/2005		19.99		20.06		06/02/2005		20.10		20.49		08/18/2005		20.26		20.90
12/31/2004		19.98		19.98		03/18/2005		19.99		20.04		06/03/2005		19.95		20.36		08/19/2005		20.26		20.92
01/03/2005		19.88		19.88		03/21/2005		19.85		19.97		06/06/2005		19.94		20.42		08/22/2005		20.29		20.95
01/04/2005		19.73		19.73		03/22/2005		19.59		19.83		06/07/2005		19.93		20.43		08/23/2005		20.19		20.91
01/05/2005		19.67		19.67		03/23/2005		19.61		19.83		06/08/2005		19.90		20.38		08/24/2005		19.98		20.86
01/06/2005		19.73		19.73		03/24/2005		19.58		19.82		06/09/2005		19.99		20.49		08/25/2005		20.04		20.89
01/07/2005		19.71		19.71		03/28/2005		19.63		19.86		06/10/2005		19.93		20.46		08/26/2005		19.87		20.81
01/10/2005		19.79		19.79		03/29/2005		19.46		19.75		06/13/2005		19.99		20.50		08/29/2005		20.03		20.90
01/11/2005		19.71		19.71		03/30/2005		19.79		19.97		06/14/2005		20.06		20.54		08/30/2005		19.92		20.87
01/12/2005		19.78		19.78		03/31/2005		19.77		19.96		06/15/2005		20.11		20.57		08/31/2005		20.20		21.01
01/13/2005		19.68		19.68		04/01/2005		19.61		19.86		06/16/2005		20.21		20.62		09/01/2005		20.23		21.02
01/14/2005		19.80		19.80		04/04/2005		19.68		19.90		06/17/2005		20.35		20.69		09/02/2005		20.15		20.98
												06/20/2005		20.33		20.67		09/06/2005		20.52		21.13

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

 

 

DATE: September 28, 2005

 

 

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