[Federal Register Volume 89, Number 213 (Monday, November 4, 2024)]
[Notices]
[Pages 87659-87660]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-25540]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35351A; 812-15580]


Institutional Investment Strategy Fund and Buena Capital 
Advisors, LLC

October 29, 2024.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of an application under section 6(c) of the Investment 
Company Act of 1940 (the ``Act'') for an exemption from sections 
18(a)(2), 18(c) and 18(i) of the Act, under sections 6(c) and 23(c) of 
the Act for an exemption from rule 23c-3 under the Act, and for an 
order pursuant to section 17(d) of the Act and rule 17d-1 under the 
Act.

Summary of Application: Applicants request an order to permit certain 
registered closed-end investment companies to issue multiple classes of 
shares and to impose asset-based

[[Page 87660]]

distribution and/or service fees and early withdrawal charges.\1\
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    \1\ The Commission issued a notice of application on October 8, 
2024. Applicants subsequently amended the application on October 25, 
2024, so a new notice is being issued.

Applicants: Institutional Investment Strategy Fund and Buena Capital 
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Advisors, LLC.

Filing Dates: The application was filed on May 29, 2024, and amended on 
August 28, 2024 and October 25, 2024.

Hearing or Notification of Hearing: An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#11427472637465706368623c5e7777787274516274723f767e67"><span class="__cf_email__" data-cfemail="6f3c0a0c1d0a1b0e1d161c42200909060c0a2f1c0a0c41080019">[email protected]</span></a> and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below. Hearing 
requests should be received by the Commission by 5:30 p.m. on November 
25, 2024, and should be accompanied by proof of service on the 
Applicants, in the form of an affidavit, or, for lawyers, a certificate 
of service. Pursuant to rule 0-5 under the Act, hearing requests should 
state the nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by emailing the Commission's Secretary.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#81d2e4e2f3e4f5e0f3f8f2accee7e7e8e2e4c1f2e4e2afe6eef7"><span class="__cf_email__" data-cfemail="1546707667706174676c66385a73737c7670556670763b727a63">[email protected]</span></a>. Applicants: Arash 
Ghodoosi, Institutional Investment Strategy Fund, 
<a href="/cdn-cgi/l/email-protection#6f0e1d0e1c072f0d1a0a010e0c0e1f061b0e03410c0002"><span class="__cf_email__" data-cfemail="81e0f3e0f2e9c1e3f4e4efe0e2e0f1e8f5e0edafe2eeec">[email protected]</span></a>, with a copy to JoAnn M. Strasser, Esq., 
Thompson Hine LLP, <a href="/cdn-cgi/l/email-protection#3e74517f5050106d4a4c5f4d4d5b4c7e6a5651534e4d51507657505b105d5153"><span class="__cf_email__" data-cfemail="094366486767275a7d7b687a7a6c7b495d616664797a66674160676c276a6664">[email protected]</span></a>, and Philip B. 
Sineneng, Esq., Thompson Hine LLP, <a href="/cdn-cgi/l/email-protection#beeed6d7d2d7ce90edd7d0dbd0dbd0d9feead6d1d3cecdd1d0f6d7d0db90ddd1d3"><span class="__cf_email__" data-cfemail="411129282d28316f12282f242f242f260115292e2c31322e2f09282f246f222e2c">[email protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Steven I. Amchan, Senior Counsel, or 
Lisa Reid Ragen, Branch Chief, at (202) 551-6825 (Division of 
Investment Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' amended 
application, dated October 25, 2024, which may be obtained via the 
Commission's website by searching for the file number at the top of 
this document, or for an Applicant using the Company name search field 
on the SEC's EDGAR system. The SEC's EDGAR system may be searched at 
https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You 
may also call the SEC's Public Reference Room at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-25540 Filed 11-1-24; 8:45 am]
BILLING CODE 8011-01-P


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