Closed-End Investment Company Content

[36037] March 04, 2025 TO: ICI Members Alternative Closed-End Fund Working Group Closed-End Investment Company Committee Co-Investment Working Group SUBJECTS: Alternative Investments Closed-End Funds Exchange-Traded Funds (ETFs) Fixed Income Securities Investment Advisers RE: ICI...

On Friday, January 24, 2025, ICI filed a comment letter with the Securities and Exchange Commission (SEC) responding to and addressing certain statements in comment letters filed by Professor Robert J. Jackson, Jr. and Saba Capital Management, L.P. that ICI believes misrepresents ICI...

On Tuesday, January 28, 2025, ICI filed a comment letter with the SEC suggesting an amendment to the New York Stock Exchange and the Cboe BZX Exchange, Inc. proposals (collectively, the "Exchange Proposals")[1] regarding the annual meeting listing standard for closed-end funds (CEFs)...

The Securities and Exchange Commission issued orders instituting proceedings to determine whether to approve or disapprove proposed rule changes by the New York Stock Exchange and Cboe BZX Exchange, Inc. that would exempt listed closed-end funds from holding an annual meeting.

On October 4, 2024, the SEC issued an order instituting proceedings to determine whether to approve or disapprove a proposed rule change, originally filed on June 21, 2024, to amend Section 302.00 of the New York Stock Exchange Listed Company Manual to exempt closed-end funds...

The ICI Spreadsheets and instructions for use in reporting 2024 tax information are available on the ICI website, at: https://www.ici.org/year-end-tax-reporting. ICI members populate tax information in these spreadsheets on behalf of the regulated investment companies that they manage...

On July 30, 2024, ICI submitted a comment letter to the SEC in support of NYSE's proposed amendments to Section 302.00 of the NYSE Listed Company Manual ("Manual") that would exempt closed-end funds ("CEFs") listed on the NYSE from holding an annual meeting ("Proposal").

ICI, along with a number of other trade associations who represent different participants in the U.S. capital markets, developed a white paper,"Investors and the Markets First: Reforms to Restore Confidence in SEC", which (i) identifies areas where the SEC's current rulemaking agenda...

On May 16, 2024, the SEC unanimously adopted amendments to Rule 248.30 in Regulation S-P (the "amendments"). Since its adoption in 2000, Regulation S-P has required the safeguarding of customer records and information and the disposal of consumer report information.