Investment Funds Request SEC Nod for Fee Changes
Published Date: 5/19/2025
Notice
Summary
Lincoln Bain Capital Total Credit Fund, Lincoln Royalties Income Fund, and Lincoln Financial Investments Corporation want permission to offer different types of shares with new fees and early withdrawal charges. This change affects investors in these funds and could impact how much they pay and when. The SEC will decide by June 9, 2025, unless someone asks for a hearing.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Funds May Issue Multiple Share Classes
Lincoln Bain Capital Total Credit Fund and Lincoln Royalties Income Fund, LP (via Lincoln Financial Investments Corporation) applied on April 4, 2025 to issue multiple classes of shares. If approved, investors in these funds could be offered different share classes with different fee or payment terms; the SEC will act unless a hearing is requested by 5:30 p.m. on June 9, 2025.
New Asset-Based Fees and Withdrawal Charges
The applicants asked the SEC on April 4, 2025 for permission to impose asset-based distribution and/or service fees and early withdrawal charges on certain share classes. If the SEC grants the order (absent a hearing by June 9, 2025), investors in these funds could pay new ongoing fees or face charges for early redemptions.
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