This filing reflects routine portfolio adjustments via dividend reinvestment and capital accumulation, not a strategic shift. Monitor for any future amendments that alter the stated purpose or increase the stake materially.
Executive Summary
This is a routine administrative amendment to Schedule 13D filed by Lincoln Financial Investments Corp and affiliates, reporting automatic share acquisitions through dividend reinvestment plans and a working capital purchase by Trust series advised by LFI. The aggregate stake remains largely unchanged at approximately 72.21% of Class I shares held by LFI and 13.90% by LNL, with no new activist demands or changes in purpose.
Key Financial Metrics
Key Facts
- Filed as Amendment No. 4 to Schedule 13D, dated September 21, 2026.
- Reports automatic dividend reinvestment acquisitions on September 8, 2026, at prices between $9.76 and $10.15 per share.
- Reports working capital purchases on August 7, 2026, at $10.14 per share by six Trust series.
- Lincoln Financial Investments Corp beneficially owns 72.21% of Class I shares; Lincoln National Life Insurance Co. owns 13.90% of Class I shares and 100% of Class A, D, and IS shares.
- No changes to purpose or demands; no activist escalation.
Financial Impact
Aggregate purchases total approximately $2.1 million across all transactions, immaterial relative to the fund's total assets.
Risk Factors
- No material risks identified; this is a standard administrative update.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001193125-26-396333 |
| Document: 0001193125-26-396333-index.html | 0001193125-26-396333 |
| Document: 0001193125-26-396333.txt | 0001193125-26-396333 |
US Market Status
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