Majumder I. Bobby 4
Research Summary
AI-generated summary
Bluerock (IIMWX) Trustee Majumder Receives 56 Shares as Compensation
What Happened
- Majumder I. Bobby, a trustee of Bluerock High Income Institutional Credit Fund (IIMWX), was credited with 56.21 Class I shares on 2026-03-31 at $22.24 per share, a total value of about $1,250. The transaction is reported as code "J" (other acquisition); a footnote clarifies these shares were granted under the trustees' compensation plan.
Key Details
- Transaction date and price: 2026-03-31 at $22.24 per share.
- Shares acquired and value: 56.21 shares, approximately $1,250 total.
- Transaction code/footnote: Code J (other acquisition). F1 — shares granted as part of the trustees' compensation plan (each independent trustee entitled to $5,000 of Class I shares per quarter, $20,000 annually).
- Shares owned after transaction: Not specified in the provided filing.
- Filing/other remarks: Report filed 2026-04-06 and executed by an attorney-in-fact under a limited power of attorney dated 7-18-22. The filing date is after the typical 2-business-day SEC reporting window for Section 16 transactions, indicating a late filing.
Context
- This was a routine, small-value compensation grant to a trustee — not an open-market purchase or sale — and therefore should not be read as a directional bet on the fund. Late filings are administrative issues that can draw SEC attention or penalties but do not, by themselves, imply trading intent.