TANNENBAUM LEONARD M 4

What Happened
Leonard M. Tannenbaum, a reported 10% owner, purchased 98,911.968 shares of TCG Strategic Income Fund (TCGSX) at $10.11 per share on 2026-01-21, a transaction valued at $1,000,000. The filing reports the transaction as a purchase (code P), indicating an acquisition rather than a sale.

Key Details

• Transaction date: 2026-01-21; filing date: 2026-01-23 (filed within the normal 2-business-day window).
• Transaction type: Open market or private purchase (P). Price: $10.11 per share. Shares acquired: 98,911.968. Total reported value: $1,000,000.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote highlights:
  • F1: The shares are held by a wholly-owned subsidiary of the Tannenbaum Family 2012 Trust for certain family members; Jeffrey Boccuzzi is a co‑trustee. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
  • F2: The reporting person is an officer and direct holder of a controlling LLC interest in the adviser (TCG Strategic Income Advisor LLC), which beneficially owns 10,000 shares; he disclaims beneficial ownership except to the extent of pecuniary interest.
• No indication of a 10b5-1 plan, gift, option exercise, or tax-withholding event in this report.

Context
This is a direct purchase by a 10% owner reported via a family-trust structure; such purchases can reflect incremental insider demand but do not, by themselves, prove management sentiment. Footnotes show the holdings are held through trust/LLC arrangements and the reporting person disclaims beneficial ownership except for pecuniary interest, which is common in family and adviser-related filings.