SEC notice on AAM/Wilshire Infrastructure Fund application for exemptive relief
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice says AAM/Wilshire Infrastructure Fund and Advisors Asset Management are asking the SEC for permission to run a closed-end fund with multiple share classes and to charge early withdrawal fees and distribution or service fees. If approved, the fund could use a more flexible fee and share structure than the default rules allow. The notice mainly affects the applicants, their investors, and anyone who wants to object. The SEC will grant the request unless someone asks for a hearing by May 22, 2026. Businesses and compliance teams watching the fund should review the filing if these share-class and fee terms could affect investor costs, disclosures, or fund operations.
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Key Changes
- Requests permission for a closed-end fund to issue multiple classes of shares
- Seeks approval to charge early withdrawal fees and asset-based distribution or service fees
- Sets a deadline of May 22, 2026, for anyone to request a hearing
Obligations
What this law requires
Interested persons who want a hearing on the application must email the SEC Secretary and serve the Applicants with a copy of the hearing request, including proof of service, and state their interest, the reasons for the request, and the issues contested.
Persons requesting a hearing must include the SEC file number in the email to the Secretary.
Lawyers submitting a hearing request must accompany it with a certificate of service instead of an affidavit of service.
The Applicants may proceed with the requested closed-end fund structure and fee arrangement only if the SEC grants the requested exemptive order under sections 6(c), 23(c), and 17(d) and rule 17d-1.