3 Apr 2025
📈SEC Notice for RJ Private Credit Income Fund Exemption Application
RJ Private Credit Income Fund, Raymond James Investment Management and Carillon Fund Distributors, Inc.
Summary
The SEC has issued a notice regarding the RJ Private Credit Income Fund's application for exemptions from specific sections of the Investment Company Act of 1940. The application aims to enable certain closed-end investment companies to issue multiple classes of shares and charge early withdrawal fees. Interested parties may request a hearing on the matter.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to an application for exemptions under the Investment Company Act, allowing closed-end investment companies to issue multiple share classes and impose fees. This directly affects compliance and regulatory requirements for investment management firms and fund distributors.