Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Industry warns AFFE disclosure treatment pushed institutional dollars away from BDCs
2470660 · February 27, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Witnesses and members discussed how the SEC's acquired fund fees and expenses (AFFE) presentation affected business development companies (BDCs), indexes and institutional investment flows, and urged statutory or administrative fixes.
Several members raised concerns that the SEC’s treatment of acquired fund fees and expenses (AFFE) has distorted the public presentation of BDC fees and led to index exclusion and institutional outflows.
Representative Gabarino and other members cited testimony…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
