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Principal Mortgage Fund Inc. – ‘40-17G’ on 10/29/07

On:  Monday, 10/29/07, at 7:19am ET   ·   Effective:  10/29/07   ·   Accession #:  1019687-7-3649   ·   File #:  814-00750

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

10/29/07  Principal Mortgage Fund Inc.      40-17G     10/29/07    1:6K                                     Publicease Inc/FA

Fidelity Bond of a Management Investment Company   —   Rule 17g-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 40-17G      Fidelity Bond Filed Pursuant to Rule 17G               5     16K 

40-17G1st Page of 5TOCTopPreviousNextBottomJust 1st
 

Farmers Insurance Group 210 W. Birch St. #205 Brea, CA 92821 714-257-2517 Fax 714-257-2522 October 25, 2007 Securities and Exchange Commission Attn: Filing Desk 100 F Street, N.E. Washington, D.C. 20549 Re: Principal Mortgage Fund, Inc. Ladies and Gentlemen: Enclosed for filing on behalf of Principal Mortgage Fund, Inc. (the "Company") pursuant to Rule 17g-l(g) under the Investment Company Act of 1940 please find a copy of (i) the Company's single insured bond for the period from October 25, 2007 to October 25, 2008, (ii) the resolution of a majority of the board of directors of the Company who are not "interested persons" approving the amount, type, form and coverage of the single insured bond, and (iii) a statement as to the period for which premiums have been paid. Please call me at (714) 257-2517 if you have any questions. Sincerely, /s/ Jonathan Ekno ------------------------- Jonathan Ekno Insurance Broker
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Stateside Underwriting Agency 29 South La Salle, Suite 530 Chicago, IL 60603 312-345-1800 Tel 312-345-1889 Fax DATE: October 26, 2007 NAME OF ASSURED: PRINCIPAL MORTGAGE FUND, INC. ADDRESS OF ASSURED: 1805 NO. CARSON ST. #108 CARSON CITY, NV 89701 SECURITY: UNDERWRITERS AT LLOYD'S, LONDON AND LONDON COMPANIES COVERAGE: SPECIAL MORTGAGE BANKERS BOND THIS IS TO CONFIRM COVERAGE IS BOUND EFFECTIVE OCTOBER 25, 2007 TO OCTOBER 25, 2008 (Note, this binder, however, is only in effect for 30 days from the date of this binder.) POLICY NUMBER ASSIGNED: SUA 2975 CLAUSE DESCRIPTION SUB-LIMIT DEDUCTIBLE 1 Dishonesty $1,000,000 $25,000 2 Premises $1,000,000 $25,000 3 Transits $1,000,000 $25,000 4 Forged Checks $1,000,000 $25,000 5 Forged Documents $1,000,000 $25,000 6 Secondary Market Inst. NA NA 7 Claims Expense NA NA 8 Legal Expense NA NA 9 Errors & Omissions NA NA 10 Replacement Expense NA NA 11 Extended E&O NA NA 12 Elec. & Computer Crime $1,000,000 $25,000 SUBJECT TO: NONE OTHER CONDITIONS: RETRO DATE: NONE SERVICE OF SUIT CLAUSE (N.M.A. 1998) LOSS PAYEE RIDER AS REQUIRED (SR 6186) DISCOVERY LIMITATION CLAUSE 1 (DLC) SERVERAL LIABILITY NOTICE (LSW 1001) WAR & TERRORISM EXCLUSION ENDORSEMENT (N.M.A. 2918) US TERRORISM RISK INSURANCE - NOT PURCHASED CLAUSE DMA5053 CHOICE OF LAW CLAUSE NUCLEAR INCIDENT EXCLUSION CLAIMS NOTIFICATION ENDORSEMENT
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PREMIUM DUE DATE: November 20, 2007 ANNUAL PREMIUM: $5,000.00 TRIA PREMIUM: $0.00 POLICY FEE: $125.00 GROSS PREMIUM: $5,125.00 SURPLUS LINES TAX 3.5%: $179.38 STAMPING FEE 0.40%: $20.50 TOTAL PREMIUM: $5,324.88 NOTE THAT THE TERRORISM EXCLUSION CAN BE DELETED FOR AN ADDITIONAL PREMIUM AS SET OUT IN THE PROPOSAL. IN EITHER CASE, THIS BINDER IS SUBJECT TO RECEIPT OF A TRIA FORM. THE CLIENT MUST ELECT ON A TRIA FORM WHETHER THEY DESIRE TO PURCHASE THIS COVERAGE OR NOT. IF THIS FOR HAS NOT BEEN SUBMITTED PRIOR TO BINDING, WE NEED TO RECEIVE THIS WITHIN 10 DAYS OF THE BINDER DATE. THIS BINDER IS VALID FOR 30 DAYS ONLY This binder is a temporary insurance contract subject to the terms, conditions and limitations of the policy(ies) in current use by the Underwriters. This binder may be cancelled by the Insured by surrender of this binder or by written notice to the Underwriters stating when cancellation will be effective. This binder is cancelled when replaced by the policy. If this binder is not replaced by the policy, the Underwriters are entitled to charge a premium for the binder. /s/ Authorized Representative October 26, 2007 By Stateside Underwriting Agency, Inc.
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PRINCIPAL MORTGAGE FUND RESOLUTION "FIDELITY BOND" RESOLVED: That, after considering all relevant factors, the action of the Authorized Officers of the Company in obtaining a bond issued by Federal Insurance Company, covering larceny and embezzlement and certain other acts, with a limit of liability of $1,000,000, for an aggregate one-year premium of $5,324.88, be, and it hereby is, authorized and approved. RESOLVED: That pursuant to Rule 17g-l under the 1940 Act, as amended, Joe Villa, Chief Executive Officer, and Harold Gregg, General Counsel, Chief Compliance Officer and Secretary, are each hereby designated as an agent for the Company to make the filings and give the notices required by subparagraph (g) of said Rule. RESOLVED: That the form and amount of the bond issued by Federal Insurance Company, after consideration of all relevant factors including the Company's aggregate assets to which persons covered by the bond have access, the type and terms of arrangements made for custody and safekeeping of assets, and the nature of the securities held, be and they hereby are authorized and approved.
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PRINCIPAL MORTGAGE FUND, INC. (the "Company") STATEMENT REGARDING PREMIUMS PAID The Company has paid premiums under its single insured bond for the period from October 25, 2007 through October 25, 2008. Principal Mortgage Fund, Inc. By: /s/ Joe Villa ------------------------------------- Dated: October 26, 2007 Joe Villa Chief Executive Officer

Dates Referenced Herein

Referenced-On Page
This ‘40-17G’ Filing    Date First  Last      Other Filings
10/25/0815None on these Dates
11/20/073
Filed on / Effective on:10/29/07
10/26/0725
10/25/0715
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Filing Submission 0001019687-07-003649   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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