7 May 2025
💼SEC Notice for Virtus Fund Exemptions Impacting Investment Companies
Virtus Global Credit Opportunities Fund and Virtus Investment Advisers, LLC
Summary
The SEC has issued a notice regarding an application from Virtus Global Credit Opportunities Fund seeking exemptions under the Investment Company Act of 1940. This includes permission for multiple share classes and the ability to implement asset-based distribution fees, which could reshape service offerings for investment companies.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content details a SEC notice related to an application for exemptions that allows closed-end investment companies to issue multiple share classes and impose fees. This impacts business owners and executives in investment firms by potentially offering new revenue structures and altering regulatory compliance practices.