Cascade Real Assets Fund (CRAFX) President Stephen Nesbitt Buys 500,000 Shares

What Happened
Stephen L. Nesbitt, President and a director of Cascade Real Assets Fund (CRAFX), reported a purchase of 500,000 shares on 2026-09-21 at $10.00 per share, for a total transaction value of $5,000,000. The Form 4 lists the transaction as a purchase (transaction code P), an outright acquisition rather than a sale or award.

Key Details

• Transaction date and price: 2026-09-21, 500,000 shares @ $10.00 each.
• Total value: $5,000,000.
• Filing date: Form 4 filed on 2026-09-23.
• Shares owned after transaction: not specified in the filing.
• Footnote: Shares are held by the Nesbitt Family Trust of 1995 (for the benefit of Stephen L. and Lisa D. Nesbitt). Mr. Nesbitt disclaims beneficial ownership of those trust-held shares per the filing.
• Transaction code: P = Purchase (open-market or private purchase as reported).

Context
This was a direct purchase reported on a Form 4 — purchases are often noted by investors as a stronger signal of insider conviction than routine sales, but filings are factual records and do not state the insider’s motivation. The trust disclosure and disclaimer mean some shares are held in a family trust and Mr. Nesbitt indicates he does not claim beneficial ownership of those trust shares in this report.