Tio Romano 4

What Happened

• Tio Romano, an independent trustee of Bluerock High Income Institutional Credit Fund (IIMWX), was credited with 56.21 Class I shares on 2026-03-31. The reported price was $22.24 per share, for a total value of approximately $1,250. The transaction is listed on the Form 4 as code "J" (other acquisition/disposition) and reflects shares granted under the trustees' compensation plan rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-03-31 at $22.24 per share (56.21 shares; ~$1,250 total).
• Transaction type: Acquisition via trustee compensation (SEC code J).
• Shares owned after transaction: Not disclosed in the Form 4.
• Footnote: Trustees are entitled to receive $5,000 of Class I shares per quarter (or $20,000 annually) under the compensation plan; this grant consisted of shares issued under that plan.
• Filing info: Form filed 2026-04-06; the form was submitted by an attorney-in-fact under a limited power of attorney dated 7-22-22.

Context

• This is a routine compensation grant to a trustee, not an open-market buy or sale; such awards are common and typically reflect contractual compensation rather than a personal trading decision. There is no indication of a sale or exercise of options in this filing.