2025-03744Notice

Investment Funds Ditch Cash for Shares in Advisor Pay Shake-Up

Published Date: 3/10/2025

Notice

Summary

ISQ Infrastructure Income Fund and I Squared Capital want permission to pay their investment advisors with company shares instead of cash. This change could affect investors and advisors by mixing up how fees are paid, possibly impacting money flow. If you want to speak up, you have until March 31, 2025, to request a hearing with the SEC.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Funds May Pay Advisors with Stock

ISQ Infrastructure Income Fund and its adviser filed an application on February 11, 2025 asking the SEC for permission to pay investment advisory fees in shares of the fund’s common stock instead of cash. If you own shares in such a closed-end fund or are an investment adviser, this change would alter how fees are paid and how money flows between the fund, advisors, and shareholders. You can request a hearing from the SEC by 5:30 p.m. on March 31, 2025.

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Key Dates

Published Date
3/10/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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