Notice2025-08910

Lincoln Bain Capital Total Credit Fund, Lincoln Royalties Income Fund, LP, and Lincoln Financial Investments Corporation

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
May 19, 2025

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 90 Issue 95 (Monday, May 19, 2025)</title>
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[Federal Register Volume 90, Number 95 (Monday, May 19, 2025)]
[Notices]
[Pages 21368-21369]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-08910]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35587; 812-15745]


Lincoln Bain Capital Total Credit Fund, Lincoln Royalties Income 
Fund, LP, and Lincoln Financial Investments Corporation

May 14, 2025.
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 distribution and/or service fees and 
early withdrawal charges.

Applicants:  Lincoln Bain Capital Total Credit Fund, Lincoln Royalties 
Income Fund, LP, and Lincoln Financial Investments Corporation.

Filing Date:  The application was filed on April 4, 2025.

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#287b4d4b5a4d5c495a515b05674e4e414b4d685b4d4b064f475e"><span class="__cf_email__" data-cfemail="6536000617001104171c16482a03030c0600251600064b020a13">[email&#160;protected]</span></a> and serving the 
Applicants with a copy of the

[[Page 21369]]

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 June 9, 2025, 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#6231070110071603101b114f2d04040b0107221107014c050d14"><span class="__cf_email__" data-cfemail="ebb88e88998e9f8a999298c6a48d8d82888eab988e88c58c849d">[email&#160;protected]</span></a>. Applicants: 
Ronald A. Holinsky, Esq., Lincoln Financial Investments Corporation, 
150 N Radnor-Chester Road, Radnor, Pennsylvania 19087, with copies to 
Richard Horowitz, Esq., and Kaitlin McGrath, Esq., Dechert LLP, 1095 
Avenue of the Americas, New York, New York 10036.

FOR FURTHER INFORMATION CONTACT: Rachel Loko, Senior Special Counsel, 
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' application, 
dated April 4, 2025, 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/companysearch">https://www.sec.gov/edgar/searchedgar/companysearch</a>. You may also call the SEC's Office of 
Investor Education and Advocacy at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-08910 Filed 5-16-25; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on May 19, 2025.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.