Notice2026-11288
World Funds Trust and LDR Capital Management, LLC
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
June 5, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 108 (Friday, June 5, 2026)</title>
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[Federal Register Volume 91, Number 108 (Friday, June 5, 2026)]
[Notices]
[Page 34266]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-11288]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 36201; 812-15846]
World Funds Trust and LDR Capital Management, LLC
June 2, 2026.
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 (``Act'') for an exemption from section 15(a) of
the Act, as well as from certain disclosure requirements in rule 20a-1
under the Act, Item 19(a)(3) of Form N-1A, Items 22(c)(1)(ii),
22(c)(1)(iii), 22(c)(8) and 22(c)(9) of Schedule 14A under the
Securities Exchange Act of 1934, and Sections 6-07(2)(a), (b), and (c)
of Regulation S-X (``Disclosure Requirements'').
SUMMARY OF APPLICATION: The requested exemption would permit
Applicants to enter into and materially amend subadvisory agreements
with certain subadvisors without shareholder approval and grant relief
from the Disclosure Requirements as they relate to fees paid to the
subadvisors.
APPLICANTS: World Funds Trust and LDR Capital Management, LLC.
FILING DATES: The application was filed on July 9, 2025, and amended
on January 5, 2026, and April 9, 2026.
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#782b1d1b0a1d0c190a010b55371e1e111b1d380b1d1b561f170e"><span class="__cf_email__" data-cfemail="c291a7a1b0a7b6a3b0bbb1ef8da4a4aba1a782b1a7a1eca5adb4">[email protected]</span></a> and serving the
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. The email
should include the file number referenced above. Hearing requests
should be received by the Commission by 5:30 p.m., Eastern time, on
June 29, 2026, 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 at
<a href="/cdn-cgi/l/email-protection#287b4d4b5a4d5c495a515b05674e4e414b4d685b4d4b064f475e"><span class="__cf_email__" data-cfemail="c695a3a5b4a3b2a7b4bfb5eb89a0a0afa5a386b5a3a5e8a1a9b0">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#cd9ea8aebfa8b9acbfb4bee082ababa4aea88dbea8aee3aaa2bb"><span class="__cf_email__" data-cfemail="0b586e68796e7f6a79727826446d6d62686e4b786e68256c647d">[email protected]</span></a>. Applicants: Larry
Raiman, LDR Capital Management, LLC, 300 Park Avenue, Suite 520, New
York, New York 10022, <a href="/cdn-cgi/l/email-protection#85e9f7e4ece8e4ebc5e9e1f7e6e4f5ecf1e4e9e8e2e8f1abe6eae8"><span class="__cf_email__" data-cfemail="046876656d69656a446860766765746d706568696369702a676b69">[email protected]</span></a>; John H. Lively,
Practus, LLP, <a href="/cdn-cgi/l/email-protection#87cde8efe9a9ebeef1e2ebfec7f7f5e6e4f3f2f4a9e4e8ea"><span class="__cf_email__" data-cfemail="367c595e58185a5f40535a4f76464457554243451855595b">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Asaf Barouk, Senior Counsel, or
Matthew Cook, 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, filed April 9, 2026, 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/search-filings">https://www.sec.gov/search-filings</a>. You may also call the SEC's
Office of Investor Education and Assistance at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-11288 Filed 6-4-26; 8:45 am]
BILLING CODE 8011-01-P
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