Search Results for keywords:"shareholder approval"

The Securities and Exchange Commission announced a notice regarding an application from the Esoterica Thematic Trust and Esoterica Capital LLC. They are seeking an exemption to allow modifications of subadvisory agreements without shareholder approval and relief from certain disclosure rules about fees. The requested exemption would enable more efficient operations by allowing the Adviser to select and amend agreements with subadvisers, subject to approval by the board of trustees, without the need for shareholder meetings. This is intended to streamline processes while ensuring transparency through aggregated fee disclosures.

The Securities and Exchange Commission (SEC) announced a notice regarding an application under the Investment Company Act of 1940. The application, filed by The RBB Fund Trust and First Eagle Investment Management, LLC, seeks an exemption allowing them to enter into sub-advisory agreements without needing shareholder approval. In addition, they are also requesting relief from certain disclosure requirements concerning fees paid to subadvisers. The SEC will grant this request unless a hearing is ordered, and interested parties can request a hearing by contacting the SEC by February 24, 2025.

The New York Stock Exchange (NYSE) proposed amendments to its Listed Company Manual to modify rules about shareholder approvals for certain stock issuances. These changes are aimed at making it easier for companies to raise capital by aligning NYSE's rules more closely with those of Nasdaq and NYSE American. The amendments include updates to how shareholder approval is needed for transactions involving related parties and large stock issuances. The goal of these changes is to facilitate free market practices while ensuring investor protection remains strong.

The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Kurv ETF Trust and Kurv Investment Management LLC. They are seeking an exemption that would allow them to make changes to subadvisory agreements without needing shareholder approval. Additionally, the exemption would provide relief from certain disclosure requirements concerning fees paid to subadvisors. Interested parties can request a hearing by January 13, 2025, by emailing the SEC, and they must provide proof of service to the Applicants.

The Securities and Exchange Commission published a notice for an application seeking exemption from certain requirements of the Investment Company Act of 1940. This exemption would allow ETF Series Solutions and Distillate Capital Partners LLC to make changes to sub-advisory agreements without needing shareholder approval and to consolidate fee disclosures. The goal is to enable the investment adviser to select and manage sub-advisers more efficiently, benefiting the shareholders by potentially reducing costs. Additionally, the application outlines conditions to protect shareholder interests and seeks to maintain transparency by informing shareholders of significant changes via a streamlined notification process.

The Securities and Exchange Commission (SEC) issued a notice about an application from ETF Opportunities Trust and REX Advisers, LLC. They are seeking an exemption from specific parts of the Investment Company Act of 1940 and certain disclosure requirements. This exemption would allow them to enter or amend subadvisory agreements without needing shareholder approval and alleviate some obligations on fee disclosures to subadvisors. A hearing or notification will be conducted unless requested by interested parties by February 10, 2025.

The Securities and Exchange Commission (SEC) has released a notice concerning an application by The Advisors' Inner Circle Fund and Pathstone Family Office, LLC. They are seeking an exemption from certain regulations under the Investment Company Act of 1940 to allow hiring and replacing sub-advisers without shareholder approval. This would also grant relief from some disclosure rules related to fees paid to these sub-advisers. The goal is to streamline the process and reduce unnecessary delays and costs for the funds involved.

The Securities and Exchange Commission (SEC) is asking for public comments on a proposed extension of its information collection under Rule 17a-8, which relates to mergers of affiliated investment companies. This rule allows certain mergers to bypass restrictions on transactions between a fund and its affiliates, and it requires directors to evaluate and document key aspects of such mergers. The SEC estimates that this rule affects around 200 funds annually, resulting in a total burden of 1,400 hours and a cost of over $3 million. The public can submit comments on the necessity and burden of these requirements until February 18, 2025.

NYSE American LLC proposed a rule change to amend Section 713 of its Company Guide, which impacts shareholder approval for cash sales of securities. The proposed change eliminates book value from the pricing test and introduces a "Minimum Price" definition to clarify that only cash sales can be exempt from shareholder approval. The Securities and Exchange Commission is seeking public comments on the proposal. Comments can be submitted electronically or via mail, and all feedback will be posted on the SEC's website.

The Securities and Exchange Commission (SEC) has announced a notice about an application from The RBB Fund Trust and Tweedy, Browne Company LLC. They are seeking an exemption from specific requirements under the Investment Company Act of 1940. This would allow them to make changes to subadvisory agreements without needing shareholder approval. The notice includes details on how interested individuals can request a hearing regarding this application.