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.