What is SEC Form N-23c-3

SEC Form N-23c-3 is a form filed with the SEC by closed-end investment companies or business development companies that make share repurchase offers. SEC Form N-23c-3 is also known as "Notification of Repurchase Offer."

BREAKING DOWN SEC Form N-23c-3

SEC Form N-23c-3 is required under the Investment Company Act of 1940 and is used to ensure that investment companies provide basic information necessary for the SEC to process filed notifications to shareholders and to monitor companies' use of repurchase offers. On the form, the company must select whether the notification pertains to a periodic repurchase offer, a discretionary repurchase offer or both.