Search Results for keywords:"Section 8(f)"

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Search Results: keywords:"Section 8(f)"

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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.

  • 2025-03563 — Deregistration under Section 8(f) of the Investment Company Act of 1940
    Type:Notice
    Citation:90 FR 11340
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is announcing a notice regarding applications for deregistration under Section 8(f) of the Investment Company Act of 1940, specifically for February 2025. A unit investment trust, named FSL Separate Account M, has applied for an order declaring that it is no longer an investment company, as it currently has 96 beneficial owners and does not offer or plan to offer securities. The filing for this application was made on July 1, 2024, and the applicant operates as a private investment fund under section 3(c)(1) of the Act. Public comments or hearing requests can be submitted until March 25, 2025.

    Simple Explanation

    There's a company that has stopped selling special money packets, and now they want to be known as a private club for certain people who already have these packets. They asked the grown-up helpers who watch over companies to officially mark them as no longer a company that sells these packets.