Investment Fund Files Its Regulatory Farewell After Wrapping Up Business
Published Date: 11/4/2026
Notice
Summary
Some investment companies, like Yieldstreet Alternative Income Fund Inc., are officially saying goodbye by deregistering under a special rule. This means they’ve wrapped up business, moved their assets, and paid out shareholders. If you want to speak up or learn more, you’ve got until November 24, 2026, to ask for a hearing—no fees or surprises here!
Analyzed Economic Effects
8 provisions identified: 6 benefits, 2 costs, 0 mixed.
Yieldstreet fund final payout and expenses
Yieldstreet Alternative Income Fund Inc. transferred its assets to Opportunistic Credit Interval Fund and made a final distribution to shareholders based on net asset value on August 24, 2026. The fund incurred and paid $4,471,258 in expenses in connection with the reorganization.
Pursuit fund converting to private fund
Pursuit Asset-Based Income Fund filed to cease being a registered investment company and intends to rely on section 3(c)(1) of the Investment Company Act to continue operating as a private fund; it currently has fewer than 100 beneficial owners and is not making and does not propose to make a further public offering of its securities.
BlackRock Enhanced Government Fund transfer and payout
BlackRock Enhanced Government Fund, Inc. transferred its assets to BlackRock Income Trust, Inc., and made a final distribution to shareholders based on net asset value on March 24, 2025. The notice reports $246,311 in expenses related to the reorganization, paid by the applicant and the acquiring fund.
BlackRock Multi-Sector fund transfer and payout
BlackRock Multi-Sector Opportunities Trust II transferred its assets to BlackRock Strategic Income Opportunities Portfolio and made a final distribution to shareholders based on net asset value on November 13, 2023. Expenses of $291,350 were incurred and paid by the applicant and by its investment adviser or affiliates.
Pioneer fund liquidating distributions and expenses
Pioneer Diversified High Income Fund, Inc. made liquidating distributions to shareholders based on net asset value on September 25, 2025, January 30, 2026, and July 21, 2026, and incurred and paid $64,281.78 in liquidation expenses.
Other funds shifting to private status (Privacore, Polen)
Privacore PCAAM Alternative Income Fund intends to rely on section 3(c)(1) to operate as a private fund for winding up; it currently has 11 beneficial owners and is not making a public offering. Polen Credit Opportunities Fund also currently has fewer than 100 beneficial owners, is not making an offering of securities, and will continue to operate as a private investment relying on section 3(c)(1).
Deadline to request a hearing on deregistration
Anyone interested in requesting a hearing on any deregistration application must submit the request to the SEC by 5:30 p.m., Eastern time on November 24, 2026, include the relevant file number, and serve the applicant with proof of service as described in the notice.
Buttonwood fund never publicly offered securities
Buttonwood First Access Fund Ltd. reported that it has never made a public offering of its securities and does not propose to make a public offering or engage in business of any kind as part of its application to cease being a registered investment company.
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