Highland Capital Management, LP, et al.; Notice of Application
18.05.12
Highland Capital Management, L.P., et al.; Notice of Application
Federal Register Extracts
Dec 23, 2011 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) --
December 19, 2011.
Applicants: Highland Capital Management, L.P. ("Adviser"), Highland Funds I ("Trust") and Nexbank Securities, Inc. ("Nexbank").
SUMMARY: Summary of Application: Applicants request an order that permits: (a) Certain open-end management investment companies or series thereof to issue shares ("Shares") redeemable in large aggregations only ("Creation Unit Aggregations"); (b) secondary market transactions in Shares to occur at negotiated market prices; (c) certain series to pay redemption proceeds, under certain circumstances, more than seven days from the tender of Shares for redemption; (d) certain affiliated persons of the series to deposit securities into, and receive securities from, the series in connection with the purchase and redemption of Creation Unit Aggregations; and (e) certain registered management investment companies and unit investment trusts outside of the same group of investment companies as the series to acquire Shares.
Source: Middle East North Africa Financial Network