Lord Abbett Funds Push for Monthly Share Repurchase Spree
Published Date: 7/7/2025
Notice
Summary
Lord Abbett and its related funds want permission to buy back their shares more often—monthly instead of less frequently—so they can repurchase between 5% and 25% of shares every three months. This change affects investors in these funds and could make it easier for the funds to manage their shares and cash flow. If no one objects by July 28, 2025, the SEC will likely approve this new plan.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Monthly Repurchase Offers Allowed
If you own shares of the named Lord Abbett closed-end funds, the funds asked the SEC for permission to make repurchase offers every month instead of less often. The application requests monthly offers as the permitted frequency for repurchases.
Repurchase Size Limits Set (2%, 5%–25%)
The funds asked to repurchase at least 2% of common shares outstanding in any monthly offer, and in no event to repurchase less than 5% or more than 25% of shares during any three-month period. These numeric limits are part of the exemption the funds requested under rule 23c-3.
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