📈SEC Notice
Lincoln Bain Capital Total Credit Fund, Lincoln Royalties Income Fund, LP, and Lincoln Financial Investments Corporation
Summary
The SEC issued a notice regarding an application under the Investment Company Act for an exemption allowing certain registered closed-end investment companies to issue multiple classes of shares. This includes permission for imposing asset-based distribution fees and early withdrawal charges, highlighting regulatory adjustments in the investment landscape. Interested parties may request a hearing on the application.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC notice outlines a request for exemption allowing investment companies to issue multiple classes of shares and impose fees, which directly affects business operations and financial structures. The potential for asset-based fees and service charges implies a shift in funding mechanisms for registered closed-end investment companies.