# 2026-22449: Investment Fund Files Its Regulatory Farewell After Wrapping Up Business 2026-22449, Deregistration under Section 8(f) of the Investment Company Act of 1940, is a Federal Register notice from Securities and Exchange Commission published 2026-11-04, effective 2026-09-21; PRIA reads it as touching household money (as of 2026-11-06). - Canonical: https://policyrisk.com/federal-register/2026-22449 - As of: 2026-11-06 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Document number: 2026-22449 - Title: Deregistration under Section 8(f) of the Investment Company Act of 1940 - Type: Notice - Agencies: Securities and Exchange Commission - Citation: 91 FR 69605 - Published: 2026-11-04 - Effective: 2026-09-21 - Comments close: not stated - Significant: no - Touches household money: yes - Regulation identifier numbers: none - Last updated: 2026-11-06 ## In one line Investment Fund Files Its Regulatory Farewell After Wrapping Up Business ## 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! ## Abstract Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. The applicant has transferred its assets to Opportunistic Credit Interval Fund, and on August 24, 2026, made a final distribution to its shareholders based on net asset value. Expenses of $4,471,258 incurred in connection with the reorganization were paid by the applicant. Filing Date: The application was filed on September 21, 2026. Applicant's Address: 245 Fifth Avenue, Suite 2100, New York, New York 10016. ## Effects PRIA read - Yieldstreet fund final payout and expenses: benefit, medium. 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: cost, medium. 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 furth… - Pioneer fund liquidating distributions and expenses: benefit, low. 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. - BlackRock Enhanced Government Fund transfer and payout: benefit, medium. 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 f… - BlackRock Multi-Sector fund transfer and payout: benefit, medium. 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… - Other funds shifting to private status (Privacore, Polen): cost, low. 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 of… - Deadline to request a hearing on deregistration: benefit, low. 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: benefit, low. 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. ## Related documents - [2026-21037](https://policyrisk.com/federal-register/2026-21037): Investment Company Cross Trading, 2026-10-15 - [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06 - [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21 - [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10 - [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04 - [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21 ## Sources - [2026-22449 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/04/2026-22449/deregistration-under-section-8f-of-the-investment-company-act-of-1940) - [2026-22449 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-04/pdf/2026-22449.pdf) ## Related - [Previous: 2026-22448, Establish Prices for 2026 United States Mint Numismatic Products](https://policyrisk.com/federal-register/2026-22448) - [Next: 2026-22451, Kanawha River Railroad, L.L.C.-Lease Renewal and Operation Exemption With Inter…](https://policyrisk.com/federal-register/2026-22451) - [All Federal Register documents](https://policyrisk.com/federal-register) Source: PRIA, https://policyrisk.com/federal-register/2026-22449 (as of 2026-11-06).