The Securities and Exchange Commission (SEC) has released a notice regarding an application for exemption requested by Jefferies Credit Management LLC and Jefferies Credit Partners BDC Inc. The applicants seek permission to allow certain registered closed-end investment companies to issue multiple classes of shares with different sales loads and fees. This notice provides information on how individuals can request a hearing regarding the application. Any hearing requests must be submitted to the SEC by April 8, 2025.
Simple Explanation
Jefferies Credit Management LLC and Jefferies Credit Partners BDC Inc. want special permission to sell different kinds of shares at different prices, and the SEC is asking people if they think this is okay or if they want to talk about it more.