The Securities and Exchange Commission (SEC) has issued a notice regarding an application from several investment companies, including Pearl Diver Credit Company Inc., seeking to engage in joint investments. These investments are typically prohibited under the Investment Company Act of 1940, but the applicants are requesting an order to allow these activities under certain conditions. A hearing on this application will only take place if requested, with a deadline for such requests set for February 17, 2025. Additional details, including how to request a hearing, are available on the SEC's website.
Simple Explanation
The SEC is thinking about letting a group of companies, including one called Pearl Diver Credit Company Inc., invest together even though there's normally a rule against it. People can ask to talk about this plan by February 17, 2025, if they want to.