18 Mar 2025
📈SEC Notice for Investment Company Act Exemption on Share Classes
Ares Core Infrastructure Fund, et al.
Summary
The SEC issued a notice regarding an application for exemptions under the Investment Company Act of 1940, enabling certain registered closed-end investment companies to issue multiple classes of shares featuring varying sales loads and distribution fees. The applicants include Ares Capital Management and affiliated funds. Interested parties can request a hearing on the matter before the deadline.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice discusses an application for exemptions under the Investment Company Act, allowing investment companies to issue multiple share classes. This could affect how businesses structure financial products offered to investors, potentially impacting their profitability and compliance costs.