The Thai Capital Fund, Inc.
c/o Daiwa Securities Trust Company
One Evertrust Plaza
Jersey City, New Jersey 07302
April 10, 2008
Mr. Jeremiah J. de Michaelis
Securities and Exchange Commission
Division of Investment Management
100 F Street, NE
Washington, D.C. 20549
Re: | The Thai Capital Fund, Inc. |
Request for Withdrawal of the Fund’s
Registration Statement on Form N-2 filed on March 16, 2007
File No. 033-141377
Dear Mr. de Michaelis:
Pursuant to Rule 477 under the Securities Act of 1933, as amended (the “Securities Act”), The Thai Capital Fund, Inc. (the “Fund”) hereby requests withdrawal of the above referenced Registration Statement (the “Registration Statement”) with respect to the Securities Act.
The Fund determined not to engage in the rights offering due to market conditions and unfavorable valuations of Fund shares at the time of the offering. No securities have been issued or sold in connection with the Registration Statement.
If you have any questions, please feel free to contact me at (201) 915-3054 or Leonard B. Mackey, Jr. at (212) 878-8489. Thank you.
Sincerely yours,
/s/ John J. O’Keefe
John J. O’Keefe
Vice President and Treasurer