GOLDENTREE ASSET MANAGEMENT LP 4
Research Summary
AI-generated summary
GoldenTree Asset Management LP (10% Owner) Buys $20M of Shares
What Happened
GoldenTree Asset Management LP, identified as a 10% owner, made a purchase (code P) of 1,956,947.16 shares of GoldenTree Opportunistic Credit Fund on 2026-04-24 at $10.22 per share, for a total reported value of $20,000,000. This was an outright purchase rather than a sale or option exercise.
Key Details
- Transaction date: 2026-04-24
- Transaction type: Purchase (open market or private purchase; code P)
- Shares acquired: 1,956,947.16
- Price per share: $10.22
- Total value: $20,000,000
- Filing date: 2026-04-28 (filed within the standard two-business-day window for Form 4 filings)
- Shares owned after transaction: Not reported in the filing
- Footnotes:
- F1: Securities are held by accounts managed by GoldenTree Asset Management LP. GoldenTree Asset Management LLC (the general partner) and Steven A. Tananbaum (managing member) may be deemed to share beneficial ownership but disclaim such ownership except to the extent of any pecuniary interest.
- F2: Securities are held of record by GoldenVest LLC; Steven A. Tananbaum is the managing member of GoldenVest LLC and likewise disclaims beneficial ownership except for any pecuniary interest.
Context
This is an institutional-level purchase by a 10% owner (an asset manager), which retail investors often view as a more informative signal than routine insider sales by employees. The filing does not show beneficial ownership totals after the trade, and the footnotes clarify the relationships among the reporting entities and Steven A. Tananbaum, who may be deemed to have shared beneficial ownership only to the extent of any pecuniary interest.