# 2024-31497: Investment Fund Spends $177K Just To Say Goodbye

2024-31497, Deregistration Under Section 8(f) of the Investment Company Act of 1940, is a Federal Register notice from an unnamed agency published 2025-01-03, effective 2025-01-03; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2024-31497
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2024-31497
- Title: Deregistration Under Section 8(f) of the Investment Company Act of 1940
- Type: Notice
- Agencies: unknown
- Citation: unknown
- Published: 2025-01-03
- Effective: 2025-01-03
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Investment Fund Spends $177K Just To Say Goodbye

## Summary

Some investment companies, like BNY Mellon Municipal Bond Funds, are officially saying goodbye and stopping their registration with the SEC after moving their assets and paying out shareholders. If you want to challenge this, you have until January 21, 2025, to ask for a hearing. This process helps keep things tidy and clear for investors and the market, with some costs involved in wrapping up.

## Abstract

Applicant seeks an order declaring that it has ceased to be an investment company. The applicant has transferred its assets to BNY Mellon AMT-Free Municipal Bond Fund, a series of BNY Mellon Municipal Funds, Inc., and on March 8, 2024 made a final distribution to its shareholders based on net asset value. Expenses of $176,946 incurred in connection with the reorganization were paid by the applicant. Filing Date: The application was filed on November 25, 2024. Applicant's Address: c/o BNY Mellon Investment Adviser, Inc., 240 Greenwich Street, New York, New York 10286.

## Effects PRIA read

- BNY Mellon fund final distribution: benefit, low. BNY Mellon Municipal Bond Funds transferred its assets to BNY Mellon AMT-Free Municipal Bond Fund and made a final distribution to shareholders based on net asset value on March 8, 2024. The applicant reported paying $176,946 in expenses related to the reorganization.
- John Hancock fund final payout: benefit, low. John Hancock Tax-Advantaged Global Shareholder Yield Fund transferred its assets to John Hancock Global Shareholder Yield Fund and made a final distribution to shareholders based on net asset value on April 26, 2024. The notice reports $707,832 of expenses incurred in the reorganization that were p…
- PREDEX fund closure and payout: benefit, low. PREDEX transferred its assets to USQ Core Real Estate Fund and made a final distribution to shareholders based on net asset value on September 6, 2024. The reorganization expenses of $105,679 were paid by the applicant's investment adviser, as reported in the notice.
- Deadline to request SEC hearing: benefit, low. If you want to challenge any deregistration application, you must request a hearing by emailing the SEC Secretary and serving the applicant, with hearing requests received by 5:30 p.m. on January 21, 2025. Hearing requests must include proof of service and state the requester's interest and the iss…

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## Sources
- [2024-31497 on federalregister.gov](https://www.federalregister.gov/documents/2025/01/03/2024-31497/deregistration-under-section-8f-of-the-investment-company-act-of-1940)
- [2024-31497 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-01-03/pdf/2024-31497.pdf)

## Related
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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2024-31497 (as of 2026-06-08).