Securities and Exchange Commission 2015 – Federal Register Recent Federal Regulation Documents

Summary of the Application: Applicants request an order that would (a) permit certain registered open-end management investment companies that operate as ``funds of funds'' to acquire shares of certain registered open-end management investment companies, registered closed-end management investment companies, ``business development companies,'' as defined by section 2(a)(48) of the 1940 Act, and registered unit investment trusts that are within or outside the same group of investment companies as the acquiring investment companies and (b) permit certain registered open-end management investment companies relying on rule 12d1-2 under the 1940 Act to invest in certain financial instruments. Applicants: Realty Capital Income Funds Trust (``Trust''), National Fund Advisors, LLC (``Adviser''), and Realty Capital Securities, LLC (the ``Distributor'').

Summary of Application: Applicants request an order to permit Eagle Point Credit Company Inc. to co-invest in portfolio companies with certain affiliated investment funds. Applicants: Eagle Point Credit Company Inc. (``EPCC''), Eagle Point Credit Management LLC (``EPCM''), Eagle Point Credit Partners LP (``EPCP''), Eagle Point Credit GP I LP (``General Partner''), Eagle Point Credit Company Sub LLC (``EPCC Sub''), Eagle Point Credit Partners Sub Ltd. (``EPCP Sub''), and Eagle Point Credit Partners Sub III Ltd. (``EPCP Sub III'').

The Securities and Exchange Commission will host a roundtable to explore ways to improve the proxy voting process. The roundtable will focus on universal proxy ballots and retail participation in the proxy process. Roundtable panelists will discuss the state of contested director elections and whether changes should be made to the federal proxy rules to facilitate the use of universal proxy ballots by management and proxy contestants. In addition, panelists will discuss the state law, logistical and disclosure issues presented by a possible universal proxy ballot process. Roundtable panelists also will discuss strategies for increasing retail shareholder participation in the proxy process, including how technology might affect retail participation and whether the format of disclosure could be improved to increase the engagement of shareholders and how the mechanics of voting could be improved to affect retail shareholder participation. The roundtable discussion will be held in the multi-purpose room of the Securities and Exchange Commission headquarters at 100 F Street NE., Washington, DC, on February 19, 2015 from 9:30 a.m. to approximately 1:00 p.m. The public is invited to observe the roundtable discussion. Seating will be available on a first-come, first-serve basis. The roundtable discussion will also be available via webcast on the Commission's Web site at www.sec.gov.