PennantPark Fund Seeks Approval for New Share Fees
Published Date: 9/16/2025
Notice
Summary
PennantPark Enhanced Income Fund and its advisers asked the SEC for permission to offer different types of shares with special fees and early withdrawal charges. This change affects investors in these funds and could impact how fees are charged and when money can be taken out. If no one objects by October 6, 2025, the SEC will approve these new rules.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Allow multiple share classes
You invest in PennantPark Enhanced Income Fund (or similar closed-end funds), and the fund asked the SEC for permission to issue multiple classes of shares. The application was filed on August 6, 2025, and the SEC will issue an order unless a hearing is requested by October 6, 2025.
Permit asset-based distribution/service fees
The fund asked the SEC for permission to impose asset-based distribution and/or service fees on certain share classes. If the SEC grants the requested relief, the fund could charge investors recurring fees based on assets under management.
Allow early withdrawal charges
The fund requested permission to impose early withdrawal charges on some share classes. If allowed, investors who redeem shares early could face a charge when they take money out.
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