PILGRIM AMERICA GROUP, INC. - Voya Investment …
Vandal, the seller, is a registered investment company, but it is a closed-end company. Therefore, the sale does not violate section 12(d)(1)(B). [It would, if subsection (B) applied because after the sale, more than 10% of Vandal’s outstanding voting stock (11%) is owned by Felony and other investment … ................
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