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Podcast: Tokens of Wisdom
Episode: Episode 7: 3…(c)…(1) Counting!
Description: This episode covers the rules for counting beneficial owners under section 3(c)(1) of the Investment Company Act. Tune in to find out about the differences between a 3(c)(1) fund and a 3(c)(7) fund, the pros and cons of each, what counts as a beneficial owner, and what options you have when you reach the 100 beneficial owner limit of a 3(c)(1) fund. Key Points From This Episode:What to consider when choosing between 3(c)(1) and 3(c)(7) for your fund. The definition of a beneficial owner. Situations where you have to count each of...