The Securities and Exchange Commission (SEC) has released a notice regarding an application from ISQ Infrastructure Income Fund and I Squared Capital Registered Advisor LLC. The application seeks exemptions from specific sections of the Investment Company Act of 1940, allowing certain registered closed-end investment companies to issue multiple classes of shares and impose early withdrawal charges and asset-based distribution or service fees. Interested parties have until March 31, 2025, to request a hearing about this application. The details of the application can be accessed via the SEC's EDGAR system.
Simple Explanation
The SEC is thinking about letting a certain fund break some rules so they can have different types of shares and charge extra fees. People who want to say something about this have until the end of March 2025 to speak up.