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Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the BondBloxx Private Credit Trust Under BZX Rule 14.11(f), Trust Issued Receipts
Plain English Summary
The Cboe BZX Exchange has proposed a new rule that will allow the listing and trading of shares for the BondBloxx Private Credit Trust. This change affects investors interested in private credit investments, particularly those involving loans to businesses and related financial instruments. Insurance agents should stay informed about this development as it may impact investment options for their clients.
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acquiring notes, drafts, acceptances, open accounts receivable, and other obligations representing part or all of the sales price of merchandise, <span class="match">insurance</span> and services, or Section 3(c)(5)(B) of the 1940 Act, which is available to entities primarily engaged in the business of making loans to manufacturers, wholesalers, and retailers of, and to prospective purchasers of, specified merchandise, <span class="match">insurance</span> and services. These exceptions require that at least 55% of the subsidiaries' portfolios consist of qualifying assets that meet the requirements of