Crescent Capital (CCAP) 10% Owner Fidelity & Guaranty Life Sells Shares

What Happened Fidelity & Guaranty Life Insurance Company (reported as a 10% owner) sold a total of 56,285 shares of Crescent Capital BDC, Inc. (CCAP) in open-market transactions. The filing reports sales of 11,285 shares on 2026-09-01 (VWAP $10.50, $118,493) and 45,000 shares on 2026-09-02 (VWAP $10.44, $470,016), for aggregate proceeds of approximately $588,509. These were sales (not purchases), which are typically routine portfolio or liquidity transactions for institutional holders.

Key Details

• Transaction dates and reported amounts:
  • 2026-09-01: Sale of 11,285 shares at reported VWAP $10.50 (total $118,493). (Footnote F1: multiple trades priced $10.48–$10.59; VWAP reported.)
  • 2026-09-02: Sale of 45,000 shares at reported VWAP $10.44 (total $470,016). (Footnote F3: multiple trades priced $10.38–$10.51; VWAP reported.)
• Total shares sold: 56,285; total reported proceeds: ~$588,509.
• Ownership detail: Footnote F2 states these shares were held by Fidelity & Guaranty Life Insurance Company of New York, a wholly owned subsidiary of the reporting entity.
• Shares owned after the transactions: not specified in the provided summary.
• Filing timeliness: Report filed 2026-09-03 covering 2026-09-01/09-02 trades — filing appears timely based on the reported dates (no late-filing indicator provided).

Context This filing reflects institutional selling by a 10% owner (an insurance company and its subsidiary), not an executive or director trade. Institutional sales often reflect portfolio management rather than a company-specific signal; the footnotes indicate multiple executions and use of volume-weighted average prices, and the reporting person offers to provide per-price details on request.