As ETFs lure retail investors, private credit's advantages could be in peril
Industry group calls on SEC to ease constraints
Regulators seek to codify initial investment restrictions, custody provisions
Closed-end fund invests in companies focused streaming, digital content, cybersecurity, social networking, e-commerce and connectivity
Closed-end fund units will be redeemed on March 29
Asset manager anticipates cost savings for investors
Conversions will bring lower management fees
The funds will be converted to open-end mutual funds
The fund’s last day of trading on the TSX is Dec. 5
The mergers will occur in December