SEC Considers New Share Classes for Aviation Fund
Published Date: 7/7/2026
Notice
Summary
Muzinich Aviation Income Fund (mAIR) and Muzinich & Co. want permission to offer different types of shares with fees based on assets and early withdrawal charges. This affects investors in their closed-end funds and could change how fees are charged starting soon. If you want a hearing, you must ask by July 27, 2026, or the SEC will likely approve it without one.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Request to Charge Asset-Based Fees
The applicants request authorization to impose asset-based distribution and/or service fees on shares of the closed-end fund. The application was filed May 8, 2026, amended June 18, 2026, and a hearing must be requested by July 27, 2026 or the SEC may grant the order without one.
Request to Impose Early Withdrawal Charges
The applicants seek permission to impose early withdrawal charges on certain shares of the closed-end fund. The application was filed May 8, 2026, amended June 18, 2026, and hearing requests must be received by July 27, 2026 for the SEC to consider a hearing.
Fund May Offer Multiple Share Classes
Muzinich Aviation Income Fund asked the SEC for permission to issue multiple classes of shares. The application was filed May 8, 2026, amended June 18, 2026, and the SEC will likely act unless a hearing is requested by July 27, 2026.
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