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DTC Underwriting Alert! Section 3 (c) (7) restrictions for owners of the following issue: Citadel Finance LLC

r/Superstonk - DTC Underwriting Alert! Section 3 (c) (7) restrictions for owners of the following issue: Citadel Finance LLC

https://www.dtcc.com/-/media/Files/pdf/2021/8/23/15767-21.pdf

r/Superstonk - DTC Underwriting Alert! Section 3 (c) (7) restrictions for owners of the following issue: Citadel Finance LLC

https://www.dtcc.com/-/media/Files/pdf/2021/8/23/15767-21.pdf

DTC Underwriting Alert! Section 3 (c) (7) restrictions for owners of the following issue: Citadel Finance LLC

EDIT Hat tip to u/StonkyMcshart:

"This is senior debt that citadel financed back in March (https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441) need to read further into what restrictions were placed on this 600m debt bonds.

So some things that jump out to me is citadel finance llc which would be the hedge fund side not the market maker.

It appears as though they are filing for an exemption to the term “investment company” section 3c7 DTC “3c7”: Indicates the Issuer of the security has informed DTC that it is relying on the exemption from the definition of “investment company” provided by Section 3(c)(7) of the Investment Company Act of 1940, as amended (the “Investment Company Act”). DTC has been informed by counsel to certain of these issuers that: Section 3(c)(7)"

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