PPM Funds

Form Type: N-8F

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: New

Accession Number: 000199937124015698

Comments: PPM Funds has filed a Form N-8F to apply for deregistration due to liquidation. The decision was approved by the fund's board of directors on November 12, 2024. The application specifies that shareholder approval is not required for the liquidation as per the fund's Declaration of Trust. The fund has made several distributions to shareholders in connection with the liquidation, including multiple distributions for the PPM Core Plus Fixed Income Fund and PPM High Yield Core Fund on specific dates in November and December 2024. The report indicates that all assets have been distributed to shareholders, and there are no outstanding debts or assets remaining as of the filing date. Legal expenses incurred were approximately $15,623, along with other expenses totaling $22,183 for insurance and $110 for Blue Sky Deregistration. The fund is not engaged in any business activities beyond those necessary to wind up its affairs and is not party to any litigation.

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