Lincoln Bain (LNBIX) 10% Owner Lincoln Financial Investments Corp Buys $25M

What Happened

• Lincoln Financial Investments Corp, reported as a 10% owner of Lincoln Bain Capital Total Credit Fund (LNBIX), acquired 2,453,385.67 shares on 2026-06-17 at $10.19 per share, for a reported total of $25,000,000. This was a purchase (code P), which is generally viewed as a direct acquisition of fund shares rather than a sale.

Key Details

• Transaction date and price: 2026-06-17 — 2,453,385.67 shares at $10.19 each.
• Total value: $25,000,000 (reported).
• Shares owned after the transaction: Not stated in the provided filing summary.
• Footnotes:
  • F1: The shares are owned directly by certain series of the Lincoln Variable Insurance Products Trust; Lincoln Financial Investments Corp is the investment adviser to those series and may be deemed to have beneficial ownership.
  • F2: Share count includes shares received under the issuer's dividend reinvestment plan (which can produce fractional share amounts).
• Filing timeliness: Transaction reported on Form 4 filed 2026-06-22 for a 2026-06-17 trade — this appears to be filed late relative to the typical two-business-day Form 4 deadline.

Context

• This filing reflects an institutional purchase by a 10% owner/adviser relationship (not an individual executive). Such institutional purchases can reflect portfolio activity or reinvestment policies rather than personal insider sentiment.
• The inclusion of fractional shares and F2 suggests dividend reinvestment activity contributed to the reported share total.