Opportunity
Federal Register #Investment Company Act Release No. 36288, 812-16018
SEC Notice: Application for Exemption to Permit Frequent Capital Gains Distributions
Buyer
Securities and Exchange Commission
Posted
August 12, 2026
Identifier
Investment Company Act Release No. 36288, 812-16018
This notice from the Securities and Exchange Commission (SEC) concerns a regulatory application, not a procurement opportunity. - The SEC is reviewing an application from Source Capital and First Pacific Advisors, LP - The application seeks an exemption under section 6(c) of the Investment Company Act of 1940 - Specifically, the exemption would allow certain registered closed-end management investment companies to distribute long-term capital gains more frequently than currently allowed - No government buyer, OEMs, vendors, or product/service purchases are involved - The notice provides procedural information about the application and how to request a hearing - No products, part numbers, or quantities are specified - This is a regulatory matter, not a solicitation for goods or services
Description
The Securities and Exchange Commission has issued a notice regarding an application filed on April 21, 2026, by Source Capital and First Pacific Advisors, LP. The application requests an order to permit certain registered closed-end management investment companies to make periodic distributions of long-term capital gains more frequently than currently allowed by law. The notice includes details about the application process, hearing requests, and contact information for further inquiries. The notice was published in the Federal Register on August 12, 2026.