Investment Fund Eyes New Fees for Early Exits, SEC Watching
Published Date: 3/10/2025
Notice
Summary
ISQ Infrastructure Income Fund and I Squared Capital want permission to offer different types of shares and charge fees if investors pull out early or for services. This change affects investors in these funds and could impact how much they pay in fees. If no one objects by March 31, 2025, the SEC will approve it automatically.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Fund may issue multiple share classes
ISQ Infrastructure Income Fund applied on February 11, 2025 for permission to issue multiple classes of shares. If approved (the SEC will issue an order unless a hearing is requested by March 31, 2025), investors in the Fund could hold different classes of shares.
Fund may impose early withdrawal charges
The Fund requested authority to impose early withdrawal charges on investors who redeem or withdraw early. The application was filed February 11, 2025 and the SEC will issue an order unless a hearing is requested by March 31, 2025.
Fund may charge asset-based distribution/service fees
The Fund seeks permission to impose asset-based distribution and/or service fees on investors, according to the application filed February 11, 2025. The SEC will issue an order granting the requested relief unless a hearing is requested by March 31, 2025.
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