Bluerock Trustee Bobby Majumder Acquires Additional Fund Shares

Trustee Receives Equity-Based Compensation in Bluerock High Income Fund

On December 31, 2025, Bobby I. Majumder—trustee of the Bluerock High Income Institutional Credit Fund—received 54.49 Class I shares, priced at $22.94 each. This update reflects the fund’s standard trustee compensation plan: $5,000 worth of Class I shares issued quarterly.

These new shares bring Majumder’s total direct ownership in the fund to 829.77 shares. The transaction was made under the fund’s established trustee compensation policy, which grants $20,000 worth of shares annually to each independent trustee. The objective is clear: ensure trustees maintain skin in the game and stay aligned with the fund’s performance.

There were no indirect holdings or derivative securities reported, and no discretionary trades. The shares were granted, not purchased—something confirmed by the “J” transaction code, which indicates a compensation-related equity award.

From a regulatory standpoint, the activity was filed in line with Section 16(a) of the Securities Exchange Act. JoAnn M. Strasser signed the document on January 14, 2026, under an existing power of attorney.

This kind of equity-based compensation is a common structure for closed-end and interval funds. It helps keep decision-makers accountable, giving them a direct stake in the investment outcomes they help oversee. For investors, it’s a window into governance alignment—and a sign that the board’s interests are directly tied to fund performance.