The Securities and Exchange Commission (SEC) has released a notice regarding an application for an exemption from certain sections of the Investment Company Act of 1940. Applicants, including KKR FS Income Trust and FS/KKR Advisor, LLC, are seeking permission to allow specific registered investment companies to issue multiple classes of shares with different sales loads and fees. The application was initially filed on April 2, 2025, and amended on April 16, 2025. A hearing will only occur if requested by interested parties by May 16, 2025; otherwise, the SEC may grant the requested relief without a hearing.
Simple Explanation
The SEC is thinking about letting a company called KKR FS Income Trust and some others offer different types of shares that cost different amounts, like different flavors of ice cream. You can ask them to have a meeting about this until May 16, 2025, or they might decide without a meeting.