7 Jul 2025
💼SEC Notice for Lord Abbett Funds on Investment Company Act Exemption
Lord Abbett Credit Opportunities Fund, et al.
Summary
The Securities and Exchange Commission announces an application for an exemption from specific provisions of the Investment Company Act, allowing Lord Abbett Credit Opportunities Fund and related entities to make monthly repurchase offers on their shares. The notice outlines the conditions and procedures for interested parties to request a hearing on the application.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text discusses an exemption under the Investment Company Act allowing monthly repurchase offers by investment companies. This could impact liquidity and investment strategies for firms involved, indicating a material change in compliance and operational approaches for affected businesses.