Federal Register / Vol. 87, No. 5 / Friday, January 7, 2022 / Notices 997 

distribution arrangements pursuant to 

rule 12b–1 under the Act. Applicants 

request an order under section 17(d) and 

rule 17d–1 under the Act to the extent 

necessary to permit the Fund to impose 

asset-based distribution and/or service 

fees. Applicants have agreed to comply 

with rules 12b–1 and 17d–3 as if those 

rules applied to closed-end investment 

companies, which they believe will 

resolve any concerns that might arise in 

connection with a Fund financing the 

distribution of its shares through assetbased distribution fees. 

3. For the reasons stated above, 

applicants submit that the exemptions 

requested under section 6(c) are 

necessary and appropriate in the public 

interest and are consistent with the 

protection of investors and the purposes 

fairly intended by the policy and 

provisions of the Act. Applicants also 

state that the Funds’ imposition of assetbased distribution and/or service fees is 

consistent with the provisions, policies 

and purposes of the Act and does not 

involve participation on a basis different 

from or less advantageous than that of 

other participants. 

Applicants’ Condition 

Applicants agree that any order 

granting the requested relief will be 

subject to the following condition: 

Each Fund relying on the order will 

comply with the provisions of rules 6c– 

10, 12b–1, 17d–3, 18f–3, 22d–1, and, 

where applicable, 11a–3 under the Act, 

as amended from time to time, as if 

those rules applied to closed-end 

management investment companies, 

and will comply with the FINRA Sales 

Charge Rule, as amended from time to 

time, as if that rule applied to all closedend management investment 

companies. 

For the Commission, by the Division of 

Investment Management, under delegated 

authority. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–00113 Filed 1–6–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

34460] 

Notice of Applications for 

Deregistration Under Section 8(f) of the 

Investment Company Act of 1940 

January 3, 2022. 

The following is a notice of 

applications for deregistration under 

section 8(f) of the Investment Company 

Act of 1940 for the month of December 

2021. A copy of each application may be 

obtained via the Commission’s website 

by searching for the file number, or for 

an applicant using the Company name 

box, at http://www.sec.gov/search/ 

search.htm or by calling (202) 551– 

8090. An order granting each 

application will be issued unless the 

SEC orders a hearing. Interested persons 

may request a hearing on any 

application by emailing the SEC’s 

Secretary at Secretarys-Office@sec.gov 

and serving the relevant applicant 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 SEC 

by 5:30 p.m. on January 25, 2022, and 

should be accompanied by proof of 

service on 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 

writing to the Commission’s Secretary at 

Secretarys-Office@sec.gov. 

ADDRESSES: The Commission: 

Secretarys-Office@sec.gov. 

FOR FURTHER INFORMATION CONTACT: 

Shawn Davis, Assistant Director, at 

(202) 551–6413 or Chief Counsel’s 

Office at (202) 551–6821; SEC, Division 

of Investment Management, Chief 

Counsel’s Office, 100 F Street NE, 

Washington, DC 20549–8010. 

American Beacon Apollo Total Return 

Fund [File No. 811–23351] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. On June 28, 2021, 

applicant made liquidating distributions 

to its shareholders based on net asset 

value. Expenses of $2,397 incurred in 

connection with the liquidation were 

paid by the applicant. 

Filing Dates: The application was 

filed on November 24, 2021, and 

amended on December 17, 2021. 

Applicant’s Address: Kathy.Ingber@

klgates.com. 

American Beacon Sound Point 

Enhanced Income Fund [File No. 811– 

23326] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. On July 6, 2021, 

applicant made liquidating distributions 

to its shareholders based on net asset 

value. Expenses of $2,397 incurred in 

connection with the liquidation were 

paid by the applicant. 

Filing Dates: The application was 

filed on November 24, 2021, and 

amended on December 17, 2021. 

Applicant’s Address: Kathy.Ingber@

klgates.com. 

Gadsden ETF Trust [File No. 811– 

23329] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. Applicant has 

never made a public offering of its 

securities and does not propose to make 

a public offering or engage in business 

of any kind. 

Filing Dates: The application was 

filed on September 20, 2021, and 

amended on December 6, 2021. 

Applicant’s Address: compliance@

almanackip.com. 

General New Jersey Municipal Money 

Market Fund, Inc. [File No. 811–05527] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. On September 11, 

2020, applicant made a liquidating 

distribution to its shareholders based on 

net asset value. Expenses of $3,324 

incurred in connection with the 

liquidation were paid by the applicant’s 

investment advisor. 

Filing Dates: The application was 

filed on October 12, 2021, and amended 

on December 14, 2021. 

Applicant’s Address: Sarah.Kelleher@

bnymellon.com. 

SPT Funds Investment Trust [File No. 

811–22159] 

Summary: Applicant seeks an order 

declaring that it has ceased to be an 

investment company. Applicant has 

never made a public offering of its 

securities and does not propose to make 

a public offering or engage in business 

of any kind. 

Filing Date: The application was filed 

on November 9, 2021. 

Applicant’s Address: Joy.ausili@mfacca.com. 

Stone Ridge Trust VI [File No. 811– 

23478] 

Summary: Applicant, a closed-end 

investment company, seeks an order 

declaring that it has ceased to be an 

investment company. On June 21, 2021, 

applicant made liquidating distributions 

to its shareholders based on net asset 

value. Expenses of $36,029 incurred in 

connection with the reorganization were 

paid by the applicant’s investment 

adviser. 


tkelley on DSK125TN23PROD with NOTICE 
998 Federal Register / Vol. 87, No. 5 / Friday, January 7, 2022 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 92344 

(July 7, 2021), 86 FR 36841. Comments received on 

the proposal are available on the Commission’s 

website at: https://www.sec.gov/comments/srnasdaq-2021-054/srnasdaq2021054.htm. 

4 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 92751, 

86 FR 48780 (Aug. 31, 2021). 

6 15 U.S.C. 78s(b)(2)(B). 

7See Securities Exchange Act Release No. 93219, 

86 FR 55664 (Oct. 6, 2021). 

8 15 U.S.C. 78s(b)(2). 

9See supra note 3. 

10 15 U.S.C. 78s(b)(2). 

11 17 CFR 200.30–3(a)(57). 

Filing Dates: The application was 

filed on September 13, 2021, and 

amended on December 3, 2021. 

Applicant’s Address: legalnotices@

stoneridgeam.com. 

For the Commission, by the Division of 

Investment Management, pursuant to 

delegated authority. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–00064 Filed 1–6–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–93891; File No. SR– 

NASDAQ–2021–054] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Notice of 

Designation of a Longer Period for 

Commission Action on Proceedings To 

Determine Whether To Approve or 

Disapprove a Proposed Rule Change 

To Modify Listing Rule IM–5101–2 To 

Permit an Acquisition Company To 

Contribute a Portion of Its Deposit 

Account to Another Entity in a Spin-Off 

or Similar Corporate Transaction 

January 3, 2022. 

On June 24, 2021, The Nasdaq Stock 

Market LLC (‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

modify Listing Rule IM–5101–2 to 

permit an acquisition company to 

contribute a portion of the amount held 

in its deposit account to a deposit 

account of a new acquisition company 

in a spin-off or similar corporate 

transaction. The proposed rule change 

was published for comment in the 

Federal Register on July 13, 2021.3

On August 25, 2021, pursuant to 

Section 19(b)(2) of the Act,4 the 

Commission designated a longer period 

within which to approve the proposed 

rule change, disapprove the proposed 

rule change, or institute proceedings to 

determine whether to disapprove the 

proposed rule change.5 On September 

30, 2021, the Commission instituted 

proceedings under Section 19(b)(2)(B) of 

the Act 6 to determine whether to 

approve or disapprove the proposed 

rule change.7

Section 19(b)(2) of the Act 8 provides 

that, after initiating proceedings, the 

Commission shall issue an order 

approving or disapproving the proposed 

rule change not later than 180 days after 

the date of publication of notice of filing 

of the proposed rule change. The 

Commission may extend the period for 

issuing an order approving or 

disapproving the proposed rule change, 

however, by not more than 60 days if 

the Commission determines that a 

longer period is appropriate and 

publishes the reasons for such 

determination. The proposed rule 

change was published for comment in 

the Federal Register on July 13, 2021.9

The 180th day after publication of the 

proposed rule change is January 9, 2022. 

The Commission is extending the time 

period for approving or disapproving 

the proposed rule change for an 

additional 60 days. 

The Commission finds that it is 

appropriate to designate a longer period 

within which to issue an order 

approving or disapproving the proposed 

rule change so that it has sufficient time 

to consider the proposed rule change 

and comments received. Accordingly, 

the Commission, pursuant to Section 

19(b)(2) of the Act,10 designates March 

10, 2022, as the date by which the 

Commission shall either approve or 

disapprove the proposed rule change 

(File Number SR–NASDAQ–2021–054). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–00058 Filed 1–6–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

34461; 812–15192, 812–15192–01] 

Apollo Credit Management, LLC and 

Apollo Debt Solutions BDC 

January 3, 2022. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice. 

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), 

18(i) and Section 61(a) of the Act. 

SUMMARY OF APPLICATION: Applicants 

request an order to permit certain 

closed-end management investment 

companies that have elected to be 

regulated as business development 

companies (‘‘BDCs’’) to issue multiple 

classes of shares with varying sales 

loads and asset-based service and/or 

distribution fees. 

APPLICANTS: Apollo Credit Management, 

LLC (the ‘‘Current Investment Adviser’’) 

and Apollo Debt Solutions BDC 

(‘‘ADSB’’). 

FILING DATES: The application was filed 

on January 7, 2021, and amended on 

July 23, 2021, November 5, 2021, and 

December 22, 2021. 

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 by emailing the 

Commission’s Secretary at SecretarysOffice@sec.gov and serving applicants 

with a copy of the request by email. 

Hearing requests should be received by 

the Commission by 5:30 p.m. on January 

28, 2022, 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 1940 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 at SecretarysOffice@sec.gov. 

ADDRESSES: The Commission: 

Secretarys-Office@sec.gov. Applicants: 

Joseph D. Glatt, Apollo Credit 

Management, LLC, JGlatt@apollo.com. 

FOR FURTHER INFORMATION CONTACT: 

Stephan N. Packs, Senior Counsel, at 

(202) 551–6853, or Terri G. Jordan, 

Branch Chief, at (202) 551–6825 

(Division of Investment Management, 

Chief Counsel’s Office). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained via the Commission’s 

website by searching for the file 

number, or for an applicant using the 

Company name box, at http://

www.sec.gov/search/search.htm or by 

calling (202) 551–8090. 


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