Notice2025-16901

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

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
September 3, 2025

Issuing agencies

Securities and Exchange Commission

Abstract

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 First Trust Exchange-Traded Fund VIII, and on June 30, 2025 made a final distribution to its shareholders based on net asset value. Expenses of $451,616.94 incurred in connection with the reorganization were paid by the applicant and the applicant's investment adviser. Filing Date: The application was filed on August 4, 2025. Applicant's Address: 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187.

Full Text

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<title>Federal Register, Volume 90 Issue 168 (Wednesday, September 3, 2025)</title>
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[Federal Register Volume 90, Number 168 (Wednesday, September 3, 2025)]
[Notices]
[Pages 42646-42647]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-16901]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35732]


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

August 29, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'')

ACTION: Notice of applications for deregistration under Section 8(f) of 
the Investment Company Act of 1940.

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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 
August 2025. 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 <a href="https://www.sec.gov/edgar/searchedgar/companysearch.html">https://www.sec.gov/edgar/searchedgar/companysearch.html</a>. You may also call the 
SEC's Office of Investor Education and Advocacy 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 <a href="/cdn-cgi/l/email-protection#4516202637203124373c36680a23232c2620053620266b222a33"><span class="__cf_email__" data-cfemail="a5f6c0c6d7c0d1c4d7dcd688eac3c3ccc6c0e5d6c0c68bc2cad3">[email&#160;protected]</span></a> 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 
September 23, 2025, 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 
<a href="/cdn-cgi/l/email-protection#580b3d3b2a3d2c392a212b75173e3e313b3d182b3d3b763f372e"><span class="__cf_email__" data-cfemail="3b685e58495e4f5a49424816745d5d52585e7b485e58155c544d">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#2f7c4a4c5d4a5b4e5d565c02604949464c4a6f5c4a4c01484059"><span class="__cf_email__" data-cfemail="2e7d4b4d5c4b5a4f5c575d03614848474d4b6e5d4b4d00494158">[email&#160;protected]</span></a>.

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.

First Trust Specialty Finance & Financial Opportunities Fund. [File No. 
811-22039]

    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 First Trust Exchange-Traded Fund VIII, 
and on June 30, 2025 made a final distribution to its shareholders 
based on net asset value. Expenses of $451,616.94 incurred in 
connection with the reorganization were paid by the applicant and the 
applicant's investment adviser.
    Filing Date: The application was filed on August 4, 2025.
    Applicant's Address: 120 East Liberty Drive, Suite 400, Wheaton, 
Illinois 60187.

Mammoth Institutional Credit Access Fund [File No. 811-23844]

    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 July 11, 2023, and 
amended on May 24, 2024, and August 6, 2025.
    Applicant's Address: 3201 Stellhorn Road, Suite A-124, Fort Wayne, 
Indiana 46815.

Mammoth Institutional Equity Access Fund [File No. 811-23845]

    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 July 11, 2023, and 
amended on May 24, 2024, and August 6, 2025.

[[Page 42647]]

    Applicant's Address: 3201 Stellhorn Road, Suite A-124, Fort Wayne, 
Indiana 46815.

Prospector Funds, Inc. [File No. 811-22077]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. The applicant has transferred its assets to 
Managed Portfolio Series, and on September 9, 2024 made a final 
distribution to its shareholders based on net asset value. Expenses of 
$205,000 incurred in connection with the reorganization were paid by 
the applicant's investment adviser and the acquiring fund.
    Filing Dates: The application was filed on December 17, 2024 and 
amended on July 29, 2025.
    Applicant's Address: 370 Church Street, Guilford, Connecticut 
06347.

Seventh Automatic Common Exchange Security Trust [File No. 811-08829]

    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 June 28, 2024 and 
amended on June 3, 2025, and July 23, 2025.
    Applicant's Address: 200 West Street, New York, New York 10282-
2198.

Twelfth Automatic Common Exchange Security Trust [File No. 811-09429]

    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 June 28, 2024 and 
amended on June 3, 2025, and July 23, 2025.
    Applicant's Address: 200 West Street, New York, New York 10282-
2198.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-16901 Filed 9-2-25; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on September 3, 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.