Investment Company Deregisters After Asset Transfer
Published Date: 10/1/2025
Notice
Summary
A closed-end investment company has officially stopped being an investment company after moving its assets to MidCap Financial Investment Corporation. On July 22, 2024, it gave its final payout to shareholders, and the costs of over $9 million were covered by the new fund’s adviser. This change means the company is no longer regulated as an investment company, making things simpler for everyone involved.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Shareholders Received Final Payout
If you were a shareholder of the closed-end fund, you received a final distribution based on net asset value on July 22, 2024. The fund transferred its assets to MidCap Financial Investment Corporation before making that final payout.
Reorganization Costs Paid by Adviser
Expenses of $9,310,358.48 incurred in connection with the reorganization were paid by the acquiring fund's investment adviser. If you were a shareholder, those $9,310,358.48 in costs were not charged to the fund's shareholders.
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
2026-12163, 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!
2026-16853, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Price List
The New York Stock Exchange is changing its price rules starting August 11, 2026. They’re tweaking the share amount needed to get free late D Orders at the market close and cleaning up some wording. This affects traders using these order types and could save or cost them money depending on their order size.
2026-16855, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Equity 4, Rule 3100 Regarding Trading Halts
Previous / Next Documents
Previous: 2025-19110, Fogarty International Center; Notice of Partially Closed Meeting
The Fogarty International Center is holding a hybrid meeting on February 9-10, 2026, where part of it will be closed to review grant applications, and the rest will be open to the public to discuss current and future projects. This affects researchers applying for grants and anyone interested in global health updates. No registration is needed to join the open session, and special accommodations are available for attendees.
Next: 2025-19112, Notice of Determinations; Culturally Significant Objects Being Imported for Exhibition-Determinations: “Rodin's Egypt” Exhibition
The U.S. government has approved special ancient Egyptian objects to be temporarily shown in the “Rodin’s Egypt” exhibition at New York University and possibly other places. This means these culturally important items can travel safely to the U.S. for everyone to enjoy. The decision supports sharing history without any extra costs or delays for the public.