Lincoln National's Subsidiaries Increase Stake in Total Credit Fund by $26.5M
LNC is trading near its 52-week low of $31.61 (11% above the low) on light trading volume (0.2× avg).
Summary
Lincoln National Corporation's affiliates have made an additional $26.5 million investment in the Lincoln Bain Capital Total Credit Fund, further solidifying their controlling ownership.
Key Events · Ownership and Investor Activity · LNC
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Additional Investment in Fund
Lincoln National Corporation's subsidiaries and advised funds acquired an additional $26.5 million in shares of Lincoln Bain Capital Total Credit Fund.
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Acquisition Details
The shares were acquired through dividend reinvestment plans and direct purchases from the fund's working capital on May 7 and May 14, 2026.
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Increased Aggregate Ownership
These transactions contribute to Lincoln National Corporation and its affiliates' aggregate beneficial ownership of 82.79% in the fund.
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Amendment to Prior Disclosure
This Schedule 13D/A amends the initial Schedule 13D filed on April 20, 2026, which first disclosed Lincoln National's controlling stake in the fund.
Analysis · LNC · Finance
This filing details additional investments totaling $26.5 million by Lincoln National Corporation's subsidiaries and advised funds into the Lincoln Bain Capital Total Credit Fund. These transactions, primarily through dividend reinvestment and direct purchases from the fund's working capital, reinforce Lincoln National's existing controlling stake in the fund. This is an material update to the initial Schedule 13D filed on April 20, 2026, which first disclosed the controlling interest.
At the time of this filing, LNC was trading at $35.07 on NYSE in the Finance sector, with a market capitalization of approximately $6.7B. The 52-week trading range was $31.61 to $46.82. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.