No More Boring Meetings? SEC Delays Rule on Skipping Shareholder Gatherings
Published Date: 7/17/2025
Notice
Summary
The Cboe BZX Exchange wants to change a rule so certain investment companies listed on or after May 20, 2025, don’t have to hold annual shareholder meetings. The SEC is taking extra time to review this idea carefully before deciding. This affects closed-end investment companies and could save them time and money by skipping these meetings.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Exempt Closed‑End Funds From Meetings
Closed-end management investment companies registered under the Investment Company Act of 1940 that are listed on or after May 20, 2025 would be exempt from the annual shareholder meeting requirement in Exchange Rule 14.10(f). The notice says this could save those companies time and money by allowing them to skip these meetings.
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