On March 12, 2009, the staff of the SEC’s Division of Investment Management issued a no-action letter stating that it would not recommend enforcement action in connection with certain transactions involving liquidity protected preferred shares (“LPPS”) issued by closed-end funds.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact [email protected]
RegisterSEC issues additional guidance relating to liquidity protected preferred shares
To view this article you need a PDF viewer such as Adobe Reader.
USA
June 1 2009
Popular articles from this firm
If you would like to learn how Lexology can drive your content marketing strategy forward, please email [email protected].
