TANNENBAUM LEONARD M 4
4 · TCG Strategic Income Fund · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
TCG Strategic Income Fund (TCGSX) 10% Owner Leonard Tannenbaum Buys $4M Stock
What Happened
Leonard M. Tannenbaum, reported as a 10% owner (and an officer/direct holder of a controlling LLC interest in the fund’s adviser), acquired 410,677.618 shares of TCG Strategic Income Fund at $9.74 per share on March 30, 2026, for a total purchase price of $4,000,000. This was recorded as a purchase (transaction code P), which is an acquisition rather than a sale.
Key Details
- Transaction date and price: 2026-03-30, 410,677.618 shares at $9.74 each (total $4,000,000).
- Transaction type: Open-market or private purchase (P).
- Filing date: 2026-04-01 (filed two days after the trade date; appears timely under Section 16 filing rules).
- Shares owned after transaction: Not specified in the Form 4 provided.
- Footnotes of note:
- F1: The acquired shares are held by a wholly‑owned subsidiary of the Tannenbaum Family 2012 Trust for benefit of certain family members; Gabriel Katz is Co‑Trustee. Mr. Tannenbaum disclaims beneficial ownership except to the extent of his pecuniary interest.
- F2: He is also an officer and direct holder of a controlling LLC interest in TCG Strategic Income Advisor LLC (the adviser), which beneficially owns 10,000 shares; he disclaims beneficial ownership of those shares except to the extent of pecuniary interest.
Context
Because Mr. Tannenbaum is reported as a 10% owner and holds interests through family trust entities and the adviser LLC, some reported shares reflect trust/adviser holdings and include disclaimers of full beneficial ownership. The filing is a straightforward purchase disclosure and does not state any disposition or exercise of derivatives.
Insider Transaction Report
- Purchase
Class I Common Shares of Beneficial Interest
[F1]2026-03-30$9.74/sh+410,677.618$4,000,000→ 906,543.476 total(indirect: See footnote)
- 300
Class I Common Shares of Beneficial Interest
- 7,820(indirect: By LLC)
Class I Common Shares of Beneficial Interest
[F2]
Footnotes (2)
- [F1]These shares are held by a wholly-owned subsidiary of the Tannenbaum Family 2012 Trust for benefit of certain members of the Reporting Person's family, for which Gabriel Katz is a Co-Trustee. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
- [F2]Officer and direct holder of a controlling limited liability company interest of TCG Strategic Income Advisor LLC, the investment adviser to the Issuer, which beneficially owns 10,000 shares of the Issuer. The reporting person disclaims beneficial ownership of these except of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.