Search Results for keywords:"Deregistration"

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Search Results: keywords:"Deregistration"

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  • 2024-31497 — Deregistration Under Section 8(f) of the Investment Company Act of 1940
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    Type:Notice
    Citation:90 FR 355
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) issued notices for deregistration applications under Section 8(f) of the Investment Company Act of 1940. Several investment companies, including BNY Mellon Municipal Bond Funds, John Hancock Tax-Advantaged Global Shareholder Yield Fund, List Income Opportunities Fund, and PREDEX, have applied to cease being investment companies. These applicants are transferring their assets to other funds and have made final distributions to shareholders. Each application contains specific details about the asset transfer, final distributions, and expenses incurred.

    Simple Explanation

    In this notice, some companies that used to invest people's money are saying they have stopped doing that because they gave all their stuff to different companies. Now, they're asking to be officially declared as "not investing people's money" anymore.

  • 2025-02285 — Deregistration Under Section 8(f) of the Investment Company Act of 1940
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    Type:Notice
    Citation:90 FR 9098
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has announced a notice of applications for deregistration under Section 8(f) of the Investment Company Act of 1940 for January 2025. Various investment companies, including American Maturity Life Insurance Co Separate Account One and Aquila Funds Trust, have applied to cease being classified as investment companies. Some applicants, like Aquila Funds Trust and DriveWealth ETF Trust, have already distributed funds to shareholders and covered expenses through their advisers. Individuals can request a hearing on these applications by February 25, 2025, by contacting the SEC.

    Simple Explanation

    The Securities and Exchange Commission (SEC) is telling people that some companies want to stop being special money companies, like piggy banks that grow your money, because they won't sell or do business anymore. If people want to talk about it, they need to let the SEC know by a certain date in February.