Search Results for keywords:"net asset value"

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Search Results: keywords:"net asset value"

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  • 2020-29013 — Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
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    Type:Notice
    Citation:86 FR 157
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) published a notice regarding two applicants, Premier Multi-Series VIT and SEI Insurance Products Trust, seeking orders to stop being classified as investment companies. Premier Multi-Series VIT made a final distribution to its shareholders on April 22, 2020, and incurred expenses of roughly $97,923 in this process. SEI Insurance Products Trust completed a similar process on September 28, 2020, costing around $21,512. Both companies filed official applications in 2020 to formalize their requests with the SEC.

    Simple Explanation

    The Securities and Exchange Commission (SEC) is sharing that two companies want to stop being called "investment companies" because they gave the money back to the people who put money in and then closed. They paid a lot of money to do this, but it's not clear why or how it was decided.

  • 2020-29025 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Reflect a Change in the Time of Calculation and Publication of the Wilshire Gold Index Applicable to Shares of the Wilshire wShares Enhanced Gold Trust
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    Type:Notice
    Citation:86 FR 159
    Reading Time:about 15 minutes

    The document discusses a rule change proposed by NYSE Arca, Inc., which aims to adjust the timing of when the Wilshire Gold Index is calculated and published. Specifically, the rule change proposes shifting the time from approximately 5:00 p.m. to approximately 7:00 p.m. Eastern Time. This change is due to certain licensing restrictions and will not impact investors during the trading day because the Trust's net asset value is determined at 4:00 p.m. The Securities and Exchange Commission has allowed the rule change to take effect immediately upon filing, as it does not pose significant regulatory issues or impact investor protection.

    Simple Explanation

    The document talks about a change in schedule for when a special gold index number is shared—from 5:00 p.m. to 7:00 p.m. This change won't bother people who trade gold stuff because the important value is still checked at 4:00 p.m.

  • 2021-02269 — Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
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    Type:Notice
    Citation:86 FR 8242
    Reading Time:about 4 minutes

    The Securities and Exchange Commission is considering applications from several investment companies seeking to deregister under the Investment Company Act of 1940 as they have stopped operations. These companies have either distributed their assets or transferred them to other funds, with some incurring liquidation or reorganization expenses, often covered by investment advisers or related parties. Various applications were filed or amended in 2020 and 2021, with the companies seeking orders to cease being recognized as investment companies. Some entities, like American Independence Funds Trust and Boston Income Portfolio, have requested official deregistration following the liquidation of their assets.

    Simple Explanation

    The Securities and Exchange Commission is looking at requests from some investment companies that want to stop being investment companies because they’ve closed down and given out their money to people. Sometimes they had to spend money to close down, and other times their helpers paid for it.