Lord Abbett Funds Push for Monthly Share Repurchase Spree
Published Date: 7/7/2025
Notice
Summary
Lord Abbett and its related funds want permission to buy back their shares more often—monthly instead of less frequently—so they can repurchase between 5% and 25% of shares every three months. This change affects investors in these funds and could make it easier for the funds to manage their shares and cash flow. If no one objects by July 28, 2025, the SEC will likely approve this new plan.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Monthly Repurchase Offers Allowed
If you own shares of the named Lord Abbett closed-end funds, the funds asked the SEC for permission to make repurchase offers every month instead of less often. The application requests monthly offers as the permitted frequency for repurchases.
Repurchase Size Limits Set (2%, 5%–25%)
The funds asked to repurchase at least 2% of common shares outstanding in any monthly offer, and in no event to repurchase less than 5% or more than 25% of shares during any three-month period. These numeric limits are part of the exemption the funds requested under rule 23c-3.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-17183, Regulation Crypto Assets
The Securities and Exchange Commission ("Commission") is proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The proposed offering regime is intended to facilitate capital formation and accommodate innovation within the crypto asset markets while, at the same time, ensuring that investors are adequately protected and provided with the information they need to make informed investment decisions. The proposed rules would be set forth in a new regulation titled "Regulation Crypto Assets" and would include two exemptions from the registration requirements of section 5 of the Securities Act of 1933. The first exemption would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period. Under both exemptions, issuers would be required to make certain principles-based narrative disclosures available to their investors. In addition, issuers under the second exemption would be required to provide financial statements and would be subject to ongoing reporting requirements. Issuers that rely on these exemptions would remain subject to the antifraud and antimanipulation provisions of the Federal securities laws. The proposed rules also would include a conditional safe harbor from the term "investment contract" in the definitions of "security" in the Securities Act of 1933 and the Securities Exchange Act of 1934. If the conditions of that proposed safe harbor are satisfied, then a crypto asset would be deemed not to be subject to an investment contract for purposes of those definitions of "security."
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-17058, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Connectivity Schedule and Discontinue a Previously Proposed Offering
Previous / Next Documents
Previous: 2025-12502, Information Collection Activities; Comment Request
The Department of Labor wants your thoughts on keeping the Job Openings and Labor Turnover Survey going. This survey helps track job market trends but they want to make sure it’s easy to fill out and doesn’t waste your time or money. If you have ideas or concerns, now’s the time to speak up before the deadline!
Next: 2025-12514, Notice of Formal Determination on Records Release
The Civil Rights Cold Case Records Review Board reviewed over 4,100 pages of records about four important civil rights cases. They decided to release most of the records to the public but postponed some parts to protect sensitive info. This means more history will be shared by mid-2025, helping everyone learn while keeping some details safe.