Marra Joseph P. 4

What Happened

• Joseph P. Marra, President & Principal Executive Officer and a director of MA Specialty Credit Income Fund (SCISX), reported an open-market purchase of 1,012.966 shares on 2026-04-01 at $24.68 per share, a total transaction value of about $25,000. This was a purchase (acquisition), which insiders often view as a bullish personal investment signal, though small dollar purchases are common.

Key Details

• Transaction date: 2026-04-01 (reported on Form 4 filed 2026-04-02).
• Transaction type/code: Open-market purchase (P).
• Shares purchased: 1,012.966 at $24.68 each; reported value ≈ $25,000.
• Holdings after transaction: The filing’s footnotes indicate holdings are held in trust/family accounts; the exact total beneficially owned after this trade is not provided in the supplied summary.
• Footnotes: F1 — these purchased shares are held by the Reginald Marra Trust UA DTD 12/15/2022. F2 — of the reported amount, 4,048.097 shares are held by the reporting person’s father‑in‑law and the remainder by the Reginald Marra Trust.
• Timeliness: Filed the next day (period of report 2026-04-01; Form 4 filed 2026-04-02), indicating a timely report.

Context

• This is a straightforward open-market purchase by a company insider (the president and a director). The dollar amount is modest (~$25k), so while purchases can signal confidence, small purchases are routine and should be considered alongside other filings and portfolio/context information.
• The shares are held in family/trust accounts per footnotes, which is common for insiders and can affect how beneficial ownership is reported.