Search Results for keywords:"early withdrawal charges"

Found 8 results

Search Results: keywords:"early withdrawal charges"

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  • 2024-28195 — TCW Private Asset Income Fund and TCW Asset Backed Finance Management Company LLC
    Type:Notice
    Citation:89 FR 95283
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is considering an application from TCW Private Asset Income Fund and TCW Asset Backed Finance Management Company LLC. The applicants are seeking an order to allow certain closed-end investment companies to issue multiple classes of shares, and to apply asset-based distribution, service fees, and early withdrawal charges. The application was submitted on October 24, 2024, and the SEC has invited interested individuals to request a hearing regarding this matter by contacting them before December 20, 2024. If no hearing is ordered, the SEC may grant the requested relief.

    Simple Explanation

    The SEC is thinking about letting some companies that manage money make new rules for how they sell pieces of themselves, like having different types of shares and charging some extra fees. They want to hear from people if they think it's a good or bad idea, and if no one wants to talk about it by the given date, they might just go ahead and say yes.

  • 2024-30068 — Coatue CTEK Fund and Coatue Management, L.L.C.
    Type:Notice
    Citation:89 FR 103904
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has published a notice about an application from the Coatue CTEK Fund and Coatue Management, L.L.C. These applicants are seeking an order to allow certain registered closed-end investment companies to issue multiple classes of shares, along with imposing asset-based fees and early withdrawal charges. If no hearing is requested by January 7, 2025, the SEC is set to grant the requested exemptions. Interested parties are given details on how to apply for a hearing if they wish to contest the application.

    Simple Explanation

    The SEC is thinking about giving permission to some companies to sell different types of shares like different flavors of ice cream. If no one says "I don't like this" by a certain date, they're going to allow it.

  • 2025-03738 — ISQ Infrastructure Income Fund and I Squared Capital Registered Advisor LLC
    Type:Notice
    Citation:90 FR 11639
    Reading Time:about 2 minutes

    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.

    Simple Explanation

    The SEC is thinking about letting a certain fund break some rules so they can have different types of shares and charge extra fees. People who want to say something about this have until the end of March 2025 to speak up.

  • 2024-28333 — Privacore PCAAM Alternative Income Fund, et al.
    Type:Notice
    Citation:89 FR 95870
    Reading Time:about 2 minutes

    In a notice from the Securities and Exchange Commission (SEC), an application was submitted under the Investment Company Act of 1940. The applicants, including Privacore PCAAM Alternative Income Fund and others, are seeking exemptions to allow certain investment companies to issue multiple share classes with asset-based distribution or service fees and early withdrawal charges. A hearing on the application may occur if requested by December 23, 2024. Public comments and hearing requests can be submitted via email, and further information is available on the SEC's EDGAR system.

    Simple Explanation

    In a notice from the SEC, some companies want to change how they sell their shares to make them more flexible and charge certain fees, and people can ask for a meeting or give their thoughts about this by December 23, 2024.

  • 2024-28193 — Callodine Specialty Income Fund and Callodine Capital Management, LP
    Type:Notice
    Citation:89 FR 95253
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice regarding an application filed by Callodine Specialty Income Fund and Callodine Capital Management, LP. The application seeks an exemption from certain sections of the Investment Company Act of 1940 to allow registered closed-end investment companies to offer multiple classes of shares, alongside asset-based distribution and service fees, as well as early withdrawal charges. If the SEC does not order a hearing, an order granting the exemptions will be issued. Interested parties have until December 20, 2024, to request a hearing or be informed about one.

    Simple Explanation

    The SEC is thinking about letting a company called Callodine have special rules for how they sell and manage their investment products, but people have until December 20, 2024, to say if they want a meeting to talk about it.

  • 2025-03122 — iDirect Private Markets Fund, et al.
    Type:Notice
    Citation:90 FR 10739
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice concerning an application by iDirect Private Markets Fund and related entities. They are seeking permission to allow certain investment companies to issue multiple classes of shares and charge fees for distribution and early withdrawal. The application was initially filed in June 2024 and subsequently amended in October 2024. Interested parties have until March 13, 2025, to request a hearing if they wish to contest the application.

    Simple Explanation

    An investment group, iDirect Private Markets Fund, wants permission to let people buy special kinds of shares and charge extra fees if they sell too soon. The SEC says people can share their thoughts or concerns about this plan until March 13, 2025.

  • 2024-29314 — Global X Venture Fund and Global X Management Company, LLC
    Type:Notice
    Citation:89 FR 101057
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is considering an application from Global X Venture Fund and Global X Management Company, LLC. The application seeks permission for certain registered closed-end investment companies to offer multiple classes of shares and to impose early withdrawal charges and fees for distribution and services. If no hearing is scheduled, the SEC may grant the requested relief after reviewing any submissions. People interested in a hearing can request one by contacting the SEC through the provided email by January 3, 2025.

    Simple Explanation

    The SEC is thinking about letting Global X Venture Fund ask people for money in different ways, like having different types of shares, and charging fees if people want to take their money out early. If no one asks for a meeting, the SEC might say yes after reading people's opinions.

  • 2025-04644 — Columbia Credit Income Opportunities Fund and Columbia Management Investment Advisers, LLC
    Type:Notice
    Citation:90 FR 12843
    Reading Time:about 2 minutes

    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.

    Simple Explanation

    The SEC is looking at a request from a company that wants to offer different types of shares in a money-earning fund and charge certain fees when people take out their money early. People can ask the SEC for more information or a chat about it until April 8, 2025.