SEC Form N-27F-1

Definition of 'SEC Form N-27F-1'


A filing with the Securities and Exchange Commission (SEC) that must be used by custodian banks for issuers of period plan payments to inform investors holding periodic payment plan certificates of the fees they will pay under the investment and their withdrawal rights. SEC Form N-27F-1 must be sent to all purchasers of plan certificates informing them of details such as the number of regular monthly payments they have made, the total amount deducted for all charges, the percentage of their investment represented by such charges, the total number of payments scheduled to be made over the full term of the plan, and the total charges scheduled to be deducted over that term.

Investopedia explains 'SEC Form N-27F-1'


SEC Form N-27F-1 is also known as "Notice to Periodic Payment Plan Certificate Holders of 45-Day Withdrawal Right with Respect to Periodic Payment Plan Certificates." It is required under the Investment Company Act of 1940, and is used to help investors make informed decisions about their investments.



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