Investment Fund Winds Down with Final Payouts Noted
Published Date: 4/3/2025
Notice
Summary
A company has officially stopped being an investment company and paid out money to its shareholders in October and November 2024. They spent about $129,000 on the process, covered by their sponsor, and kept $75,000 to pay any leftover bills. This change was filed in December 2024 and updated in March 2025, so shareholders and others involved should note these important dates and financial moves.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Sponsor paid ~$129,000 reorganization costs
The applicant's administrator/sponsor, Alight Solutions, LLC, paid approximately $129,000 in expenses connected with the reorganization.
Shareholders received liquidation payments
If you were a shareholder, the company made liquidating distributions to shareholders on October 17, 2024 and November 19, 2024, paid based on the fund's net asset value.
Company retained ~$75,000 for liabilities
The company retained approximately $75,000 after the distributions for the purpose of paying outstanding liabilities.
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