2026-02468Notice

MSD Investment Corp. and BDT & MSD BDC Management, LLC

Published Date: 2/9/2026

Notice

Summary

MSD Investment Corp. and BDT & MSD BDC Management want permission to offer different types of shares with varying fees and sales charges to investors. This change affects certain business development companies and could give investors more choices starting soon. If anyone wants a hearing about this, they must ask by March 2, 2026.

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

BDC Multiple Share Classes Allowed

If you invest in certain business development companies (BDCs), MSD Investment Corp. asked the SEC for permission to let those BDCs issue multiple classes of shares that can have different sales loads and different asset-based distribution and/or service fees. That means investors in those BDCs could see new share options with different fee levels.

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Key Dates

Published Date
2/9/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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