Search Results for keywords:"unit investment trust"

Found 2 results

Search Results: keywords:"unit investment trust"

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  • 2025-02285 — Deregistration Under Section 8(f) of the Investment Company Act of 1940
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    Type:Notice
    Citation:90 FR 9098
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has announced a notice of applications for deregistration under Section 8(f) of the Investment Company Act of 1940 for January 2025. Various investment companies, including American Maturity Life Insurance Co Separate Account One and Aquila Funds Trust, have applied to cease being classified as investment companies. Some applicants, like Aquila Funds Trust and DriveWealth ETF Trust, have already distributed funds to shareholders and covered expenses through their advisers. Individuals can request a hearing on these applications by February 25, 2025, by contacting the SEC.

    Simple Explanation

    The Securities and Exchange Commission (SEC) is telling people that some companies want to stop being special money companies, like piggy banks that grow your money, because they won't sell or do business anymore. If people want to talk about it, they need to let the SEC know by a certain date in February.

  • 2025-03563 — Deregistration under Section 8(f) of the Investment Company Act of 1940
    Type:Notice
    Citation:90 FR 11340
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is announcing a notice regarding applications for deregistration under Section 8(f) of the Investment Company Act of 1940, specifically for February 2025. A unit investment trust, named FSL Separate Account M, has applied for an order declaring that it is no longer an investment company, as it currently has 96 beneficial owners and does not offer or plan to offer securities. The filing for this application was made on July 1, 2024, and the applicant operates as a private investment fund under section 3(c)(1) of the Act. Public comments or hearing requests can be submitted until March 25, 2025.

    Simple Explanation

    There's a company that has stopped selling special money packets, and now they want to be known as a private club for certain people who already have these packets. They asked the grown-up helpers who watch over companies to officially mark them as no longer a company that sells these packets.