On April 14, the SEC Division of Investment Management issued a statement on the importance of delivering timely and material information to investors of investment companies. Investment company issuers are reminded of their statutory obligations to update the information in their prospectuses, including the required underlying certified financial statements. Investment companies also are encouraged to consider the impact of Covid-19-related events when drafting their disclosures, including risk disclosures. The statement also includes the SEC’s expectations regarding timely delivery of disclosures to fund investors.