Repurchase Offers by Closed-End Companies, Rule 23c-3 and Form N-23c-3

ICR 201505-3235-018

OMB: 3235-0422

Federal Form Document

ICR Details
3235-0422 201505-3235-018
Historical Active 201211-3235-009
SEC IM-270-373
Repurchase Offers by Closed-End Companies, Rule 23c-3 and Form N-23c-3
Extension without change of a currently approved collection   No
Regular
Approved without change 03/07/2016
Retrieve Notice of Action (NOA) 12/15/2015
  Inventory as of this Action Requested Previously Approved
03/31/2019 36 Months From Approved 03/31/2016
84 0 80
2,037 0 1,836
629,297 0 599,330

Rule 23c-3 permits a closed-end investment company to make repurchase offers at net asset value. It requires the investment company to provide notification of offers to share-holders, file copies of the shareholder notifications with the Commission, file Form N-23c-3 with the Commission as a cover sheet for the shareholder notifications, state information about repurchase offers in the annual report to shareholders, adopt and review written procedures concerning liquidity, and file copies of sales literature.

US Code: 15 USC 80a-23(c) Name of Law: Investment Company Act of 1940
  
None

Not associated with rulemaking

  80 FR 30314 05/27/2015
80 FR 46376 08/04/2015
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 84 80 0 0 4 0
Annual Time Burden (Hours) 2,037 1,836 0 0 201 0
Annual Cost Burden (Dollars) 629,297 599,330 0 0 29,967 0
No
No
The total annual hour burden of 2,037 hours represents an increase of 201 hours from the prior estimate of 1,836 hours. The increase principally results from an increase in the number of funds relying on rule 23c-3. The total annual cost burden of $629,297 in printing and mailing costs represents an increase of $29,967 from the last approved cost burden of $599,330. This increase principally results from an increase in the number of funds relying on rule 23c-3.

$0
No
No
No
No
No
Uncollected
Jacob Krawitz 202 551-4673

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
12/15/2015


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