Jafarnia Kamal 4

What Happened
Jafarnia Kamal, a trustee of Bluerock High Income Institutional Credit Fund (IIMWX), received 56.36 Class I shares on June 30, 2026. The shares were recorded at $22.18 each, for a total reported value of $1,250. This was an acquisition recorded under Form 4 as an award/compensation-related issuance rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-30; filing date (Form 4): 2026-07-02. No late filing is indicated in the report.
• Securities acquired: 56.36 Class I shares at $22.18 per share; total value reported $1,250.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 states the 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).
• Signature/filing: Report filed by an attorney-in-fact pursuant to a limited power of attorney for Section 16(a) filings (dated 7-19-22).

Context: This transaction is a routine compensation grant to a trustee and should be viewed as compensation rather than a direct insider market bet. Such awards are common for independent trustees and do not necessarily signal a change in the insider’s view of the company’s prospects.