GOLDENTREE ASSET MANAGEMENT LP 4
Research Summary
AI-generated summary
GoldenTree Opportunistic Credit Fund 10% Owner Buys $37.5M Stock
What Happened
GoldenTree Asset Management LP, a reported 10% owner of GoldenTree Opportunistic Credit Fund, acquired 3,662,109.38 shares in an open-market purchase on 2026-04-21 at $10.24 per share (total $37,500,000). The filing also reports 146,056.48 shares received on 2025-12-15 via a bonus share allocation (price not applicable).
Key Details
- Transactions: 2025-12-15 — Other acquisition (bonus share allocation) 146,056.48 shares (price N/A); 2026-04-21 — Open-market purchase 3,662,109.38 shares at $10.24 ($37,500,000 total).
- Filing date: 2026-04-23 (the Dec 15 bonus allocation was reported late; the Apr 21 purchase was reported within the Form 4 filed Apr 23).
- Shares owned after transaction: not specified in the filing. The filing states reported ownership reflects holdings as of the filing date and includes prior purchases (see footnote).
- Notable footnotes: some shares (161,681.772) were acquired via the issuer's dividend reinvestment plan; securities are held in accounts managed by GoldenTree Asset Management LP and of record by GoldenVest LLC. GoldenTree Asset Management LLC (general partner) and Steven A. Tananbaum may be deemed to share beneficial ownership but disclaim such ownership except for any pecuniary interest.
Context
This is institutional trading by a 10% owner (managed accounts), not an individual executive trade. Purchases like this can be more informative to retail investors than routine sales, but the filing does not state intent — it only reports the acquisitions and related record/beneficial ownership details.