AIM Defined Investment Fund Zeroes Its Form D: $53.7 Million and 103 Investors Reported in April, $0 and None in September

AIM Defined Investment Fund, LLC, a Utah private fund managed by Adams Wealth Advisors of Logan, Utah, filed a Form D amendment on September 1, 2026 reporting $0 sold and no investors (accession 0001773374-26-000002). Its previous amendment, filed April 10, 2026, had reported $53,737,109 sold to 103 investors, the seventh consecutive annual increase since the fund's first notice in April 2019.

A cumulative-sales field that goes from $53.7 million to zero in five months, with the investor count going from 103 to none, is a discontinuity the notice does not explain. Form D has no narrative field, no letter accompanies the accession, and the offering amount remains indefinite, so the amendment reads as either a reset of the reporting basis or a statement that the offering no longer has sales to report.

The September 1 amendment is the fund's eighth Form D filing. The sequence reads: $2,004,890 sold to 10 investors on the initial notice of April 12, 2019; $5,495,464 and 23 investors in September 2020; $28,454,412 and 58 in April 2022; $34,211,510 and 60 in April 2023; $41,178,642 and 65 in March 2024; $49,452,023 and 82 in March 2025; $53,737,109 and 103 in April 2026; and $0 and 0 on September 1, 2026. Every amendment through April 2026 was an annual update with a higher total and a larger investor count.

The filing claims Rule 506(b) together with Investment Company Act Sections 3(c) and 3(c)(1), the exemption for funds with no more than 100 beneficial owners, and the April 2026 amendment's 103 investors is a count of Form D investors rather than of 3(c)(1) beneficial owners, which the notice does not reconcile. The offering amount is indefinite in every filing.

Adams Wealth Management, LLC, doing business as Adams Wealth Advisors, is an SEC-registered investment adviser (file 801-110862) with its principal office at 701 S Main, Suite 400, Logan, Utah. Its current Form ADV Part 1 reports $565,770,135 of regulatory assets under management, all discretionary, across 2,506 accounts, indicates that the firm or an affiliate acts as a commodity pool operator or commodity trading adviser, and lists AIM-named affiliates including AIM Opportunity Zone Fund VII GP. A prior Form D for the issuer lists Adams Wealth Management as the fund's managing member and investment manager.

The Form D filings do not describe the fund's strategy or holdings, and AltStreet has not reviewed the adviser's brochure for this article beyond the Part 1 data above; the 'Defined' in the fund's name is not explained in any filing reviewed.

AltStreet's monitoring flagged the amendment as a 100 percent decrease in a single filer's reported sales. No AIM-named sibling vehicle or other Adams Wealth Advisors filer moved the same way in the same window in the signals reviewed, so the change stands alone rather than as part of a family-wide reporting event of the kind AltStreet has documented for sponsors that amend a batch of notices on one day.

On AltStreet's ledger, a reset to zero on a fund with seven years of rising totals is uncommon. Where AltStreet has seen a long-running notice zeroed, the later record has shown either a corrected figure on the next amendment, a Form D for a successor vehicle, or nothing further; which of those follows here will be visible on EDGAR within a year.

For an investor in the fund or a client of the adviser, the practical implication is that the publicly filed capital-raise figure for this vehicle can no longer be taken from the Form D record alone: the September notice says the offering has sold nothing, and the April notice said it had sold $53.7 million to 103 investors, and both cannot describe the same offering on a cumulative basis. Reconciling them requires the adviser's own statements or a further amendment.

The three readings consistent with the numbers are a filing error to be corrected, a decision to restart the notice on a new basis (for example after a restructuring of the vehicle), and an unwinding of the offering in which prior sales are no longer counted. The notice supports none of them over the others, and none is asserted here.

The Form D amendment does not state why the amount sold and the investor count were reduced to zero, whether any capital was returned, whether the fund remains active, or how the 103 investors reported in April relate to the fund's Section 3(c)(1) limit. The adviser's assets and office figures are from its current Form ADV Part 1 as filed and are not dated more precisely here. No SEC or state action, press release or explanatory letter was identified alongside this accession. This article does not assess the fund's performance, solvency or merits.