In a recent SEC filing, Transamerica Series Trust (CIK: 0000778207) submitted a Form 497K. This filing is significant as it typically pertains to the notification of election of business development company status. Business development companies (BDCs) are a type of closed-end investment company that invests in small and mid-sized businesses. By electing BDC status, Transamerica Series Trust may be looking to take advantage of certain tax benefits and regulatory advantages associated with this classification.
Transamerica Series Trust is an investment company that offers a range of investment options to its clients. With a focus on providing investment opportunities in small and mid-sized businesses, Transamerica Series Trust aims to help investors diversify their portfolios and achieve their financial goals. For more information about Transamerica Series Trust and its offerings, you can visit their website here.
Form 497K is a filing with the Securities and Exchange Commission that is used by investment companies to notify the SEC of their election of business development company status. This form provides important information about the company’s decision to operate as a BDC and includes details about the company’s investment strategies and objectives. Investors and stakeholders can review Form 497K to gain insights into Transamerica Series Trust’s plans and potential future performance as a business development company.
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Transamerica Series Trust (0000778207) Files Form 497K with SEC
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