MFDF Webinar: TALF 2020—What Fund Directors Need to Know

On March 23, 2020, the Federal Reserve Board extended a vital lifeline to an asset-backed securities market reeling from the economic dislocation brought about by the COVID-19 pandemic by announcing the establishment of the Term Asset-Backed Securities Loan Facility (TALF 2020). TALF 2020 lasts until September 30, 2020 and its eligibility criteria permits registered funds to participate. Seward and Kissel partners Jeff Berman, Jon Brose and Robert Kurucza and counsel Chris Carlson will present a webinar that provides essential background on TALF 2020 for fund directors, including TALF 2020’s key terms and structure, how TALF 2020 differs from the 2008 TALF program, as well as tax considerations and issues specific to funds that participate in TALF 2020.