Investment Company Deregisters After Asset Transfer
Published Date: 10/1/2025
Notice
Summary
A closed-end investment company has officially stopped being an investment company after moving its assets to MidCap Financial Investment Corporation. On July 22, 2024, it gave its final payout to shareholders, and the costs of over $9 million were covered by the new fund’s adviser. This change means the company is no longer regulated as an investment company, making things simpler for everyone involved.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Shareholders Received Final Payout
If you were a shareholder of the closed-end fund, you received a final distribution based on net asset value on July 22, 2024. The fund transferred its assets to MidCap Financial Investment Corporation before making that final payout.
Reorganization Costs Paid by Adviser
Expenses of $9,310,358.48 incurred in connection with the reorganization were paid by the acquiring fund's investment adviser. If you were a shareholder, those $9,310,358.48 in costs were not charged to the fund's shareholders.
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Key Dates
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