SEC Extends Review on Skipping Annual Investor Meet-Ups
Published Date: 12/5/2025
Notice
Summary
The New York Stock Exchange wants to change its rules so that certain closed-end funds don’t have to hold yearly shareholder meetings anymore. The SEC is taking extra time to decide if this change is a good idea. This affects closed-end funds and could save them time and money if approved.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Closed-end funds may skip annual meetings
The NYSE proposed amending Section 302.00 of the NYSE Listed Company Manual to exempt closed-end funds registered under the Investment Company Act of 1940 from the requirement to hold annual shareholder meetings. If approved, closed-end funds would not have to hold yearly shareholder meetings.
Shareholders may lose annual meeting access
The proposed rule change would exempt closed-end funds (under the Investment Company Act of 1940) from holding annual shareholder meetings, which means investors in those closed-end funds might not have an annual meeting to attend. The SEC extended its decision period and will decide by February 12, 2026.
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