Search Results for keywords:"Investment Company Act of 1940"

The Securities and Exchange Commission (SEC) has published a notice about an application from Antares Private Credit Fund and Antares Capital Credit Advisers LLC. They are seeking an exemption under the Investment Company Act of 1940 to allow certain investment companies to issue multiple classes of shares with different sales fees and service charges. The application was initially filed in May 2024 and amended in November 2024. The SEC will grant the requested relief unless a hearing is ordered, with hearing requests due by December 23, 2024.

The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Thirdline Real Estate Income Fund and related entities. These applicants are seeking permission to engage in joint investment activities that are typically restricted by certain parts of the Investment Company Act of 1940. This application mentions the possibility of business development companies and investment companies co-investing in portfolio companies alongside certain affiliated investment entities. If there is no opposition, the SEC plans to grant the requested order, but interested parties may request a hearing by January 13, 2025, by following the specified communication procedures.

The Securities and Exchange Commission (SEC) has submitted a request to the Office of Management and Budget (OMB) to extend the previously approved collection of information under Rule 6e-2 and Form N-6EI-1 as part of the Paperwork Reduction Act of 1995. This rule allows life insurance companies to use separate accounts to fund specific variable life insurance products, offering exemptions from certain provisions of the Investment Company Act of 1940 under defined conditions. Since 2008, no Form N-6EI-1 filings have occurred; hence, there has been no burden or cost to the industry. The SEC is maintaining one burden hour for inventory purposes and invites public comment on this information collection within 30 days of the notice's publication.

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.

The Securities and Exchange Commission (SEC) has announced a notice about an application from The RBB Fund Trust and Tweedy, Browne Company LLC. They are seeking an exemption from specific requirements under the Investment Company Act of 1940. This would allow them to make changes to subadvisory agreements without needing shareholder approval. The notice includes details on how interested individuals can request a hearing regarding this application.

The Securities and Exchange Commission (SEC) has issued a notice regarding an application for an exemption under the Investment Company Act of 1940. The application involves the Optimize Growth Equity Fund, Optimize Premium Yield Fund, and Optimize Wealth Management Inc., seeking permission for certain registered closed-end investment companies to make repurchase offers monthly. If someone wishes to contest this application or request a hearing, they must submit their request to the SEC by May 6, 2025. The application details and conditions are available through the SEC's EDGAR system.

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) is asking for an extension to continue using Form 12b-25, which companies use to notify the SEC if they can't file a necessary report on time. This form is part of the paperwork the SEC handles under the Securities Exchange Act or the Investment Company Act. There are about 2,849 filings each year, with each taking about 2.5 hours to complete, totaling 7,123 hours of work. The public is invited to comment on this information collection request within 30 days of the notice's publication date.

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.

The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget (OMB) for the continued collection of information under Rule 30b2-1. This rule, part of the Investment Company Act of 1940, requires investment companies to file reports with the SEC that include financial statements shared with investors. The information helps meet legal disclosure requirements and offer investors necessary details for evaluating funds. The SEC is seeking public comments on this information collection within 30 days.