Regulator to reconsider diversification requirements for listed funds
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