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

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.

The latest form for Repurchase Offers by Closed-End Companies, Rule 23c-3 and Form N-23c-3 expires 2022-02-28 and can be found here.