Liquidation: PPM Funds

Form Type: N-8F/A

Filing Date: 2025-02-06

Corporate Action: Liquidation

Type: Update

Accession Number: 000172247825000002

Filing Summary: PPM Funds is filing an amendment to its application for deregistration as a registered investment company largely due to its planned liquidation. The fund confirms that it has received board approval for this decision, which was voted on November 12, 2024. Shareholder approval for the liquidation was not required according to the terms set out in the PPM Funds Declaration Of Trust. The fund has completed distributions to shareholders in connection with the liquidation, with several dates noted for distributions between November and December 2024. All assets have been distributed, and it is confirmed that the fund does not retain any remaining assets or outstanding liabilities. The amendment provides a detailed overview of expenses incurred during the liquidation process, which totaled $37,916, mainly attributed to legal and insurance fees. Furthermore, the fund confirms that it is not engaged in any ongoing business activities beyond what is necessary for winding up its affairs, and it does not participate in any litigation or administrative proceedings.

Form Type: N-8F

Filing Date: 2024-12-23

Corporate Action: Liquidation

Type: New

Accession Number: 000199937124015698

Filing Summary: 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.