📉SEC Notice on Investment Company Deregistration Applications
Deregistration Under Section 8(f) of the Investment Company Act of 1940
Summary
Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. The applicant has transferred its assets to First Trust Exchange-Traded Fund VIII, and on June 30, 2025 made a final distribution to its shareholders based on net asset value. Expenses of $451,616.94 incurred in connection with the reorganization were paid by the applicant and the applicant's investment adviser. Filing Date: The application was filed on August 4, 2025. Applicant's Address: 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text involves regulatory compliance related to the deregistration process of investment companies, which affects business owners and executives managing such firms. The application process and potential hearings could impact operational decisions and financial reporting.