Pay in Shares? HarbourVest Seeks SEC Nod for Stock Fees
Published Date: 2/26/2025
Notice
Summary
HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P. want permission to pay their investment advisors with shares of their own stock instead of cash. This change could affect investors and advisors by mixing up how fees are paid, starting soon unless someone asks for a hearing by March 14, 2025. No big money changes are announced yet, but this could shake up the usual fee game!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Funds May Pay Advisers With Stock
HarbourVest filed an application on January 10, 2025 asking the SEC for permission to let certain registered closed-end management investment companies and business development companies pay investment advisory fees in shares of their own common stock instead of cash. If you want a hearing about the application, the SEC must receive your hearing request by 5:30 p.m. on March 14, 2025.
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