Felicitas Income Fund Files N-2 for Closed-End Registration
| Field | Detail |
|---|---|
| Company | Felicitas Income Fund |
| Form Type | N-2 |
| Filed Date | Mar 24, 2026 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1,000,000, $25,000, $825 million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: registration, closed-end fund, investment company
TL;DR
**Felicitas Income Fund just filed an N-2, signaling its move to become a public closed-end fund.**
AI Summary
Felicitas Income Fund (CIK: 0002121502) filed an N-2 registration statement on March 24, 2026, indicating its intent to register as a closed-end investment company. This filing, with a File No. 811-24169, is a crucial step for the fund to potentially offer shares to the public, allowing it to raise capital and invest in various income-generating assets. For current or prospective investors, this means the fund is moving towards a more formalized structure, which could lead to increased transparency and liquidity, but also subjects it to SEC regulations.
Why It Matters
This filing signals Felicitas Income Fund's intention to become a publicly registered closed-end fund, which could open up new investment opportunities for the public and increase regulatory oversight.
Risk Assessment
Risk Level: medium — While the N-2 filing itself is procedural, investing in a newly registered closed-end fund carries inherent market and operational risks, making it a medium risk.
Analyst Insight
Investors interested in income-generating funds should monitor Felicitas Income Fund for further details on its investment strategy and potential public offering, as this N-2 is a preliminary step.
Key Numbers
- 0002121502 — CIK (Unique identifier for Felicitas Income Fund with the SEC)
- 2026-03-24 — Filing Date (Date the N-2 registration statement was filed)
- 811-24169 — File No. (Specific registration number for this filing)
Key Players & Entities
- Felicitas Income Fund (company) — the filer of the N-2 registration statement
- UMB FUND SERVICES, INC. (company) — mailing and business address for the fund
- 0002121502 (dollar_amount) — CIK (Central Index Key) for Felicitas Income Fund
- 2026-03-24 (dollar_amount) — filing date of the N-2
- 811-24169 (dollar_amount) — File Number for the N-2 registration
Forward-Looking Statements
- Felicitas Income Fund will proceed with a public offering of shares. (Felicitas Income Fund) — medium confidence, target: 2027-03-24
FAQ
What is the primary purpose of Felicitas Income Fund's N-2 filing?
The N-2 filing by Felicitas Income Fund (CIK: 0002121502) on March 24, 2026, is a registration statement for closed-end investment companies, indicating its intent to register as such with the SEC.
Where is Felicitas Income Fund's business address located, according to the filing?
According to the filing, Felicitas Income Fund's business address is C/O UMB FUND SERVICES, INC., 235 W. GALENA ST., MILWAUKEE WI 53212.
Filing Stats: 4,430 words · 18 min read · ~15 pages · Grade level 14 · Accepted 2026-03-24 10:44:06
Key Financial Figures
- $1,000,000 — Public (1) Current Net Asset Value $1,000,000 Sales Load None None Proceeds t
- $25,000 — vestment in the Fund by any investor is $25,000 for Shares. The Fund, in its sole discr
- $825 million — 30, 2025, the Adviser had approximately $825 million of assets under management. The Fund
Filing Documents
- ea0281706-02_n2.htm (N-2) — 807KB
- ea0281706-02_ex99a1.htm (EX-99.(A)(1)) — 165KB
- ea0281706-02_ex99a2.htm (EX-99.(A)(2)) — 6KB
- ea0281706-02_ex99b.htm (EX-99.(B)) — 29KB
- ea0281706-02_ex99s.htm (EX-FILING FEES) — 13KB
- ea0281706-02_ex99t.htm (EX-99.(T)) — 14KB
- 0001213900-26-033293.txt ( ) — 1150KB
- ea0281706-02_ex99s_htm.xml (XML) — 4KB
USE OF PROCEEDS
USE OF PROCEEDS 8 INVESTMENT OBJECTIVE AND STRATEGIES 9 PRINCIPAL RISK FACTORS 12 BUSINESS AND STRUCTURE RELATED RISKS 13 MANAGEMENT OF THE FUND 41 Investment Management Fee 42 DISTRIBUTOR 42 ADMINISTRATION 44 CUSTODIAN 45 TREASURY SERVICES 45 FUND EXPENSES 45 VOTING 46 SHAREHOLDER RIGHTS 46 CONFLICTS OF INTEREST 47 OUTSTANDING SECURITIES* 48 TENDER OFFERS/OFFERS TO REPURCHASE 48 TENDER/REPURCHASE PROCEDURES 49 TRANSFERS OF SHARES 50 ANTI-MONEY LAUNDERING 51 CALCULATION OF NET ASSET VALUE 51 SUSPENSION OF CALCULATION OF NET ASSET VALUE 54 DIVIDENDS AND DISTRIBUTIONS 54 DISTRIBUTIONS AND DIVIDEND REINVESTMENT PLAN 55 TAXES 56 ERISA AND CODE CONSIDERATIONS 61 PURCHASING SHARES 62 TERM, DISSOLUTION AND LIQUIDATION 63 REPORTS TO SHAREHOLDERS 63 FISCAL YEAR 63 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM; LEGAL COUNSEL 63 INQUIRIES 63 You should rely only on the information contained in this Prospectus. The Fund has not authorized anyone to provide you with different information.The Fund is not making an offer of securities in any state where the offer is not permitted. You should not assume that the information provided by thisProspectus is accurate as of any date other than the date on the front of this Prospectus. i FUND SUMMARY This is only a summary and does not contain all of the information that you should consider before investing in the Fund. Before investing in the Fund, you should carefully read the more detailed information appearing elsewhere in this Prospectus. The Fund Felicitas Income Fund (the “Fund”) is a newly organized Delaware statutory trust that is registered under the Investment Company Act of 1940 (the “Investment Company Act”), as a non-diversified, closed-end management investment company. The Fund was organized as a Delaware trust on February 27, 2026. The Fund is an appropriate investment only for those investors who ca