SUN LIFE ASSURANCE CO OF CANADA purchased 880K shares of CION ARES DIVERSIFIED CREDIT FUND on the open market
Open‑market purchase worth $22.00M. The strongest form of insider conviction signal.
P · 4 purchases
Filed: 10/4/2021ACC: 0001567619-21-017779
→
10% Owner
Since Jul 2021
+880K
Net shares
Net buyer
$22.00M
Total acquired
4
Open market trades
4B · 0S
4
Total transactions
880K acquired
Non-Derivative Transactions4
Series B Mandatory Redeemable Preferred Shares
Direct
Shares
+40K
Price / share
$25.00
Trade value
$1M
% of position
New position
9/30/2021
0.00→40K
Series B Mandatory Redeemable Preferred Shares
Indirect
Shares
+40K
Price / share
$25.00
Trade value
$1M
% of position
New position
9/30/2021
0.00→40K
Series C Mandatory Redeemable Preferred Shares
Direct
Shares
+400K
Price / share
$25.00
Trade value
$10M
% of position
New position
9/30/2021
0.00→400K
Series C Mandatory Redeemable Preferred Shares
Indirect
Shares
+400K
Price / share
$25.00
Trade value
$10M
% of position
New position
9/30/2021
0.00→400K
Total
Net shares
+880K
Net value
$22M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Series B Mandatory Redeemable Preferred Shares Direct | 9/30/2021 | P · Purchase | +40K | $25.00 | $1M | New position | 0.00 | 40K |
| Series B Mandatory Redeemable Preferred Shares Indirect | 9/30/2021 | P · Purchase | +40K | $25.00 | $1M | New position | 0.00 | 40K |
| Series C Mandatory Redeemable Preferred Shares Direct | 9/30/2021 | P · Purchase | +400K | $25.00 | $10M | New position | 0.00 | 400K |
| Series C Mandatory Redeemable Preferred Shares Indirect | 9/30/2021 | P · Purchase | +400K | $25.00 | $10M | New position | 0.00 | 400K |
| Total | +880K | $22M | ||||||
Derivative Transactions0
No derivative transactions reported