Notice2022-25621
Hennessy Funds Trust, et al.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 23, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 225 (Wednesday, November 23, 2022)</title>
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[Federal Register Volume 87, Number 225 (Wednesday, November 23, 2022)]
[Notices]
[Page 71722]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-25621]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34754; File No. 812-15387]
Hennessy Funds Trust, et al.
November 18, 2022.
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
2(a)(32), 5(a)(1), 22(d) and 22(e) of the Act and rule 22c-1 under the
Act and under sections 6(c) and 17(b) of the Act for an exemption from
sections 17(a)(1) and 17(a)(2) of the Act.
Summary of Application: Applicants request an order (``Order'')
that permits: (a) The Funds (as defined below) to issue shares
(``Shares'') redeemable in large aggregations only (``creation
units''); (b) secondary market transactions in Shares to occur at
negotiated market prices rather than at net asset value; (c) certain
Funds to pay redemption proceeds, under certain circumstances, more
than seven days after the tender of Shares for redemption; and (d)
certain affiliated persons of a Fund to deposit securities into, and
receive securities from, the Fund in connection with the purchase and
redemption of creation units. The relief in the Order would incorporate
by reference terms and conditions of the same relief of a previous
order granting the same relief sought by applicants, as that order may
be amended from time to time (``Reference Order'').\1\
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\1\ Blue Tractor ETF Trust and Blue Tractor Group, LLC,
Investment Company Act Rel. Nos. 33682 (November 14, 2019) (notice)
and 33710 (December 10, 2019) (order).
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Applicants: Hennessy Funds Trust, Hennessy Advisors, Inc. and
Quasar Distributors, LLC.
Filing Dates: The application was filed on September 21, 2022 and
amended on November 3, 2022 and November 16, 2022.
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 Commission's Secretary at <a href="/cdn-cgi/l/email-protection#61320402130415001318124c2e0707080204211204024f060e17"><span class="__cf_email__" data-cfemail="dc8fb9bfaeb9a8bdaea5aff193babab5bfb99cafb9bff2bbb3aa">[email protected]</span></a> and serving
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 December
13, 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 emailing the Commission's Secretary.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#e7b4828495829386959e94caa881818e8482a7948284c9808891"><span class="__cf_email__" data-cfemail="0d5e686e7f68796c7f747e20426b6b646e684d7e686e236a627b">[email protected]</span></a>. Applicants:
Teresa M. Nilsen, Hennessy Advisors, Inc., 7250 Redwood Blvd., Suite
200, Novato, California 94945, <a href="/cdn-cgi/l/email-protection#e99d8c9b9b90a9818c87878c9a9a908f9c878d9ac78a8684"><span class="__cf_email__" data-cfemail="27534255555e674f4249494254545e41524943540944484a">[email protected]</span></a>; Peter D.
Fetzer, 777 East Wisconsin Avenue, Suite 3800, Milwaukee, Wisconsin
53202, <a href="/cdn-cgi/l/email-protection#c4b4a2a1b0bea1b684a2aba8a1bdeaa7aba9"><span class="__cf_email__" data-cfemail="730315160709160133151c1f160a5d101c1e">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Deepak T. Pai, 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' second amended
and restated application, dated November 16, 2022, 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 <a href="https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html">https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html</a>. 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. 2022-25621 Filed 11-22-22; 8:45 am]
BILLING CODE 8011-01-P
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