Jefferies Seeks SEC Nod for BDC Fee Variations
Published Date: 3/19/2025
Notice
Summary
Jefferies Credit Management LLC and Jefferies Credit Partners BDC Inc. want permission to offer different types of shares with varying fees and sales charges to investors. This change affects certain investment companies called business development companies and could impact how investors pay fees. The SEC will decide by April 8, 2025, unless someone asks for a hearing.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
BDCs May Offer Multiple Fee Classes
Jefferies applied for permission to let certain business development companies (BDCs) issue multiple classes of shares that have different sales loads and different asset-based distribution and/or service fees. If you buy shares in one of these BDCs, the class you pick could have a different sales charge or ongoing fee than another class. The application was filed February 24, 2025 and amended March 13 and March 14, 2025.
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