📉SEC Notice of Deregistration Applications for Investment Companies
Deregistration Under Section 8(f) of the Investment Company Act of 1940
Summary
Applicant seeks an order declaring that it has ceased to be an investment company. The applicant has transferred its assets to Horizon Funds, and on April 17, 2025, made a final distribution to its shareholders based on net asset value. Expenses of $585,676 incurred in connection with the reorganization were paid by the applicant's investment adviser and the acquiring fund's investment adviser. Filing Dates: The application was filed on June 5, 2025, and amended on July 21, 2025. Applicant's Address: 48 Wall Street, Suite 1100, New York, New York 10005.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice outlines applications for deregistration under the Investment Company Act, affecting investment companies and stakeholders, signaling potential regulatory adjustments for businesses transitioning out of investment classifications. Relevant sections include discussions about final distributions and asset transfers that could influence financial planning and compliance practices.