On November 30, 2021, the U.S. Internal Revenue Service issued Revenue Procedure 2021-53, temporarily allowing publicly offered regulated investment companies (RICs), including certain business development companies (BDCs)...more
The uncertain economic environment surrounding the COVID-19 crisis has triggered a sharp decline in trading prices for the equity and debt securities of many business development companies (“BDCs”) and closed-end funds...more
5/19/2020
/ Business Development Companies ,
Closed-End Funds ,
Coronavirus/COVID-19 ,
Corporate Issuers ,
Debt Repurchasing ,
Equity Repurchasing ,
Financial Industry Regulatory Authority (FINRA) ,
Insider Trading ,
International Tax Issues ,
Main Street Lending Programs ,
Market Manipulation ,
Restrictive Covenants ,
Risk Management ,
Rule 10b-5 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Tender Offers
On May 4, 2020, the U.S. Internal Revenue Service issued Revenue Procedure 2020-19, temporarily allowing publicly offered regulated investment companies (RICs), including certain business development companies and certain...more
5/13/2020
/ Business Development Companies ,
Cash Transactions ,
Closed-End Funds ,
IRS ,
New Guidance ,
Publicly-Traded Companies ,
REIT ,
RICs ,
Securities and Exchange Commission (SEC) ,
Shareholder Distributions ,
Stocks
Key Takeaways
- Registered closed-end funds and business development companies should reassess their distribution policies if they are in need of liquidity.
- As part of that reassessment, funds should consider paying...more
4/8/2020
/ Business Development Companies ,
Closed-End Funds ,
Coronavirus/COVID-19 ,
Distribution Rules ,
Dividends ,
Investment Funds ,
IRS ,
Liquidity ,
Relief Measures ,
Tax Deductions ,
Tax Relief