Search Results for keywords:"multiple classes of shares"

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.

The Securities and Exchange Commission (SEC) has issued a notice about an application submitted by North Haven Private Income Fund LLC and related entities. These companies have requested permission to issue multiple classes of shares with different sales charges and distribution fees. The SEC will issue an order to grant this request unless someone requests a hearing. Hearing requests must be submitted to the SEC by April 14, 2025, and should explain why the hearing is necessary.

The Securities and Exchange Commission (SEC) has announced a notice regarding an application for exemption from certain sections of the Investment Company Act of 1940. AMG Comvest Senior Lending Fund and Comvest Credit Managers, LLC are seeking permission to allow business development companies to issue multiple classes of shares with different sales charges and fees. The application was initially filed in July 2024 and has been amended twice since then. Interested parties have until March 13, 2025, to request a hearing on the application.

The Securities and Exchange Commission (SEC) has issued a notice regarding an application from several applicants, including HPS Advisors, LLC and related funds, for an exemption from certain sections of the Investment Company Act of 1940. The exemption would allow these registered closed-end investment companies, which are regulated as business development companies, to issue different classes of shares with various sales loads and fees. A decision on granting the requested exemption will be made unless a hearing is requested by May 12, 2025. Interested parties can request a hearing by contacting the SEC or the applicants.

The Securities and Exchange Commission (SEC) has published a notice about an application from Columbia Credit Income Opportunities Fund and Columbia Management Investment Advisers, LLC. They are seeking permission for certain registered closed-end investment companies to issue multiple classes of shares and charge asset-based distribution and/or service fees and early withdrawal charges. The application was initially filed on December 31, 2024, and later amended on February 12, 2025. Interested individuals can request a hearing by contacting the SEC by April 8, 2025.

The Securities and Exchange Commission (SEC) has issued a notice about a request from the First Eagle Private Credit Fund and First Eagle Investment Management, LLC. They are asking for permission to allow certain investment companies that are organized as business development companies to issue different classes of shares with varying sales charges and fees. This request is being made under specific sections of the Investment Company Act of 1940. The public can request a hearing on this matter by contacting the SEC before January 7, 2025.

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.