SEC issues notice on Eldridge fund exemption request
Eldridge Dynamic Income Fund and Eldridge Structured Credit Advisers seek SEC exemption to issue multiple share classes and charge asset-based fees, with a hearing deadline of Sept. 28, 2026.
The Securities and Exchange Commission published a notice on September 1, 2026 concerning an application filed on July 20, 2026 by Eldridge Dynamic Income Fund and Eldridge Structured Credit Advisers, LLC. The applicants request an order under section 6(c) of the Investment Company Act of 1940 to permit certain registered closed-end investment companies to issue multiple classes of shares and to impose asset-based distribution or service fees and early withdrawal charges. The request also seeks exemptions from sections 18(a)(2), 18(c) and 18(i) of the Act, as well as from rule 23c-3, and an order pursuant to section 17(d) and rule 17d-1.
The notice states that an order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing by emailing the SEC's Secretary and serving the applicants, with requests due by 5:30 p.m., Eastern time, on September 28, 2026. Requests must include the file number referenced in the notice and be accompanied by proof of service.
Contact information for the applicants is listed as Meredith Dodd, 767 Fifth Avenue, Floor 17, New York, NY 10153, with copies to counsel at Simpson, Thacher & Bartlett LLP. For further information, the SEC's Senior Special Counsel Trace W. Rakestraw can be reached at (202) 551-6825. The filing is identified as Investment Company Act Release No. 36317; 812-16057 and FR Doc No. 2026-18108.
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