Document ID: SEC-2021-1319-0001
Agency: sec
Document Type: Notice
Title: Application: The Optima Dynamic Alternatives Fund, et al;
Posted Date: 2021-09-29T04:00Z

[Federal Register Volume 86, Number 186 (Wednesday, September 29, 2021)]
[Notices]
[Pages 54005-54006]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-21187]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34381; 812-15250]

The Optima Dynamic Alternatives Fund, et al;

September 24, 2021.
AGENCY: Securities and Exchange Commission (``Commission'').

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 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 of beneficial interest with varying sales loads and 
to impose asset-based distribution and/or service fees.
    Applicants: The Optima Dynamic Alternatives Fund (the ``Initial 
Fund''), and Optima Asset Management LLC (the ``Adviser'').
    Filing Dates: The application was filed on July 23, 2021 and 
amended on September 7, 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 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 Commission by 5:30 p.m. 
on October 19, 2021, 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 emailing the Commission's Secretary.

ADDRESSES:  joshua.deringer@faegredrinker.com and 
geoffrey.lewis@optima.com.

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

[[Page 54006]]

SUPPLEMENTARY INFORMATION:  For Applicants' representations, legal 
analysis, and condition, please refer to Applicants' application, dated 
September 7, 2021, which may be obtained via the Commission's website 
by searching for the file number, using the Company name box, at http://www.sec.gov/search/search.htm, or by calling (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-21187 Filed 9-28-21; 8:45 am]
BILLING CODE 8011-01-P