16 Sep 2025
📈SEC Notice on PennantPark Enhanced Income Fund Exemption Application
PennantPark Enhanced Income Fund and PennantPark Investment Advisers, LLC
Summary
The Securities and Exchange Commission (SEC) has issued a notice regarding an application by PennantPark Enhanced Income Fund for exemptions under the Investment Company Act. The application seeks to allow certain investment companies to issue multiple classes of shares while imposing asset-based fees and early withdrawal charges. Interested parties can request a hearing by a specified deadline.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice details an application for exemptions under the Investment Company Act, allowing investment companies to issue multiple share classes and impose fees. This impacts business owners and executives by potentially affecting fund operations, regulatory compliance, and fee structures.