Document ID: SEC-2022-1043-0001
Agency: sec
Document Type: Notice
Title: Application: Deregistration under the Investment Company Act
Posted Date: 2022-08-04T04:00Z

[Federal Register Volume 87, Number 149 (Thursday, August 4, 2022)]
[Notices]
[Pages 47801-47802]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-16653]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 34656]

Applications for Deregistration Under Section 8(f) of the 
Investment Company Act of 1940

July 29, 2022.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
July 2022. A copy of each application may be obtained via the 
Commission's website by searching for the applicable file number listed 
below, 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. 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 [email protected] 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 August 
23, 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 
[email protected].

[[Page 47802]]

ADDRESSES: The Commission: [email protected].

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.

Infinity Long/Short Equity Fund, LLC [File No. 811-23297]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On December 
31, 2021, and March 28, 2022, applicant made liquidating distributions 
to its shareholders based on net asset value. Expenses of $20,000 
incurred in connection with the liquidation were paid by the 
applicant's investment adviser.
    Filing Dates: The application was filed on May 12, 2022, and 
amended on July 12, 2022.
    Applicant's Address: [email protected].

PFM Funds [File No. 811-04933]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to Government Obligations Fund, a series of 
First American Funds, Inc., and on December 20, 2021 made a final 
distribution to its shareholders based on net asset value. Expenses of 
$538,205 incurred connection with the reorganization were paid by the 
applicant, the applicant's investment adviser, and the acquiring fund.
    Filing Date: The application was filed on June 28, 2022.
    Applicant's Address: [email protected].

PIMCO Dynamic Credit & Mortgage Income Fund [File No. 811-22758]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to PIMCO Dynamic Income Fund, and on 
December 10, 2021 made a final distribution to its shareholders based 
on net asset value. Expenses of $2,990,379 incurred in connection with 
the reorganization were paid by the applicant's investment adviser.
    Filing Date: The application was filed on January 3, 2021.
    Applicant's Address: [email protected].

PIMCO Income Opportunity Fund [File No. 811-22121]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. The applicant 
has transferred its assets to PIMCO Dynamic Income Fund, and on 
December 10, 2021 made a final distribution to its shareholders based 
on net asset value. Expenses of $482,768 incurred in connection with 
the reorganization were paid by the applicant's investment adviser.
    Filing Date: The application was filed on January 3, 2021.
    Applicant's Address: [email protected].

Pioneer Income Opportunities Trust [File No. 811-23486]

    Summary: Applicant, a closed-end investment company, 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 February 9, 2022, and 
amended on June 10, 2022.
    Applicant's Address: [email protected].

Value Line Tax Exempt Fund, Inc. [File No. 811-03904]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On October 25, 2021, applicant made a 
liquidating distribution to its shareholders based on net asset value. 
Expenses of $139,000 incurred in connection with the liquidation were 
paid by the applicant and the applicant's investment advisor.
    Filing Dates: The application was filed on April 20, 2022, and 
amended on June 29, 2022.
    Applicant's Address: [email protected].

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-16653 Filed 8-3-22; 8:45 am]
BILLING CODE 8011-01-P