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SEC considers reporting changes for BDCs, closed-end funds

Joe Mont | March 21, 2019

The Securities and Exchange Commission has proposed rule amendments to improve access to capital and facilitate investor communications by business development companies and registered closed-end funds. Business development companies (BDCs) are a type of closed-end fund established by Congress that primarily invest in small and developing companies.

The amendments implement certain provisions of the Small Business Credit Availability Act and the ...

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