SEC Form N-23c-3

DEFINITION of 'SEC Form N-23c-3'

A filing with the Securities and Exchange Commission (SEC) that must be submitted by registered closed-end investment companies or business development companies that make repurchase offers pursuant to Rule 23c-3. On the SEC Form N-23c-3, the company must select whether the notification pertains to a periodic repurchase offer, a discretionary repurchase offer or both.

BREAKING DOWN 'SEC Form N-23c-3'

SEC Form N-23c-3 is also known as "Notification of Repurchase Offer." It is required under the Investment Company Act of 1940 and is used to ensure that investment companies provide basic information necessary for the SEC to process filed notifications to shareholders and to monitor companies' use of repurchase offers.

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RELATED FAQS
  1. Under what circumstances would someone enter into a repurchase agreement?

    Learn when investors want to enter into a repurchase agreement, such as to gain quick access to liquidity and enjoy flexibility ... Read Answer >>
  2. What tax implications are there for parties involved with a reverse repurchase agreement?

    Learn about the tax consequences that the buyer can face as a result of a reverse repurchase agreement ("reverse repo") with ... Read Answer >>
  3. Why would a company choose to repurchase in lieu of redeem?

    Learn the difference between a stock repurchase and a stock redemption, and find out about the reasons why a company might ... Read Answer >>
  4. What is the primary use of reverse repurchase agreements?

    Discover how the Federal Reserve utilizes reverse purchase agreements for the primary purpose of offsetting temporary shifts ... Read Answer >>
  5. How do I know if I am buying unregistered securities or stocks?

    All securities, including stocks, bonds and notes, must be registered with the Securities and Exchange Commission (SEC) before ... Read Answer >>
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