IPO - MA Specialty Credit Income Fund

Form Type: N-2/A

Filing Date: 2024-08-27

Corporate Action: Ipo

Type: New

Accession Number: 000110465924093197

Filing Summary: MA Specialty Credit Income Fund is a newly organized Delaware statutory trust registered under the Investment Company Act of 1940, as a non-diversified, closed-end management investment company operated as an interval fund. The fund is offering shares designated as Class S and Class F. The investment objective focuses on generating attractive current income from a portfolio of credit investments while seeking capital appreciation. The fund has a strategy aimed at investing at least 80% of its assets in private loans and credit-related investments, primarily through sourcing from non-bank finance companies and banks. The fund aims to provide liquidity through quarterly repurchase offers for a portion of shares at their net asset value. The shares will not be traded on securities exchanges, indicating limited liquidity. The fund's risk profile is considered speculative due to its focus on high-yield securities and potential leverage usage.

Form Type: N-2

Filing Date: 2024-07-01

Corporate Action: Ipo

Type: New

Accession Number: 000110465924076785

Filing Summary: MA Specialty Credit Income Fund, a newly organized Delaware statutory trust registered under the Investment Company Act of 1940, is offering two classes of common shares of beneficial interest designated as Class S Shares and Class F Shares. The Fund's investment objective is to generate attractive current income from a differentiated portfolio of credit investments while maintaining capital stability and seeking opportunities for capital appreciation. The investment strategy involves regular quarterly repurchase offers for a portion of its outstanding shares, enabling limited liquidity for the shareholders. Primarily targeting long-term investors, the Fund plans to invest at least 80% of its assets in private loans and credit-related investments, characterized by specialty credit and asset-based finance. Risk factors include the speculative nature of investments in high yield securities, the absence of a secondary trading market for shares, and reliance on leverage under varying conditions. This offering marks the Fund's initial foray into the market, aiming to capitalize on non-bank finance opportunities amidst evolving market dynamics.