Majumder I. Bobby 4

What Happened

• Majumder I. Bobby, a trustee of Bluerock High Income Institutional Credit Fund (IIMWX), acquired 54.089 Class I shares on 2025-09-30 at an effective price of $23.11 per share, with a total value of $1,250. This acquisition was a compensation award under the fund’s trustees’ compensation plan (not an open-market purchase).

Key Details

• Transaction date and price: 2025-09-30; 54.089 shares at $23.11 each (total $1,250).
• Nature of transaction: Code J — other acquisition (shares granted as trustee compensation).
• Footnote: Shares were granted under the trustees’ compensation plan; each independent trustee is entitled to $5,000 of Class I shares per quarter (i.e., $20,000 annually).
• Filing timing: Form 4 was filed 2026-01-21 for the 2025-09-30 transaction (filed several months after the transaction).
• Filing remark: Document signed/submitted by an attorney-in-fact pursuant to a limited power of attorney dated 7-18-22.
• Shares owned after transaction: Not specified in the information provided.

Context

• These shares were issued as routine director/trustee compensation and are generally considered administrative rather than a signal of insider bullishness. The amount is modest ($1.25k) relative to typical institutional insider trades.