Fees for Tender Offers and Certain Proxy Solicitations.
Section 21
SEC. 21. Fees for Tender Offers and Certain Proxy Solicitations. — At the time of filing with the Commission of any statement required under Section 19 for any tender offer or Section 72.2 for issuer repurchases, or Section 20 for proxy or consent solicitation, the Commission may require that the person making such filing pay a fee of not more than one-tenth (1/10) of one per centum (1%) of: 21.1 The proposed aggregate purchase price in the case of a transaction under Sections 20 or 72.2; or 21.2 The proposed payment in cash, and the value of any securities or property to be transferred in the acquisition, merger or consolidation, or the cash and value of any securities proposed to be received upon the sale or disposition of such assets in the case of a solicitation under Section 20. The Commission shall prescribe by rule diminishing fees in inverse proportion to the value of the aggregate price of the offering.