Tio Romano 4

What Happened

• Tio Romano, a trustee of Bluerock High Income Institutional Credit Fund (IIMWX), was reported to have acquired 54.089 Class I shares on 2025-09-30 at $23.11 per share, for a reported total of $1,250. The transaction is reported as an "other acquisition" (code J) and reflects shares granted as trustee compensation rather than an open-market purchase.

Key Details

• Transaction date: 2025-09-30; Filed with the SEC: 2026-01-21 (late filing).
• Price and amount: 54.089 shares @ $23.11 = $1,250 reported value.
• Shares owned after the transaction: not specified in the provided Form 4.
• Footnote: Shares were granted under the trustees' compensation plan; each independent trustee is entitled to receive $5,000 of Class I shares per quarter (or $20,000 annually). The filing shows a smaller $1,250 grant for this reported date.
• Filing remark: Submitted by an attorney-in-fact under a Limited Power of Attorney dated 7-22-22.
• Transaction code: J = other acquisition/disposition (commonly used for non‑market compensation grants).

Context

• This was a compensation grant to a trustee (not a purchase or sale in the open market). Such awards are routine trustee compensation and do not necessarily signal insider sentiment about the stock. The filing was submitted more than three months after the transaction date, so the report is late.