Form 4: American International Group (AIG) Reports Change in Beneficial Ownership of DNP Select Income Fund

American International Group (AIG) reports a change in beneficial ownership of DNP Select Income Fund securities due to Corebridge Financial, Inc. (CRBG) ceasing to be a controlled subsidiary of AIG.

Summary

• American International Group, Inc. (AIG) filed a Form 4 on June 11, 2024, reporting changes in its beneficial ownership of DNP Select Income Fund Inc. securities.
• The changes are due to Corebridge Financial, Inc. (CRBG) ceasing to be a controlled subsidiary of AIG as of June 9, 2024.
• As a result, AIG no longer reports beneficial ownership of securities held directly by CRBG and its subsidiaries.
• AIG's indirect holdings include $14,000,000 in 3.00% Series B Senior Secured Notes due July 22, 2026, held through subsidiaries.
• Additionally, AIG indirectly holds Series E Mandatory Redeemable Preferred Shares through subsidiaries.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing reflecting a corporate restructuring, with no inherent positive or negative sentiment.

Industry Context

This filing reflects corporate restructuring and its impact on reported beneficial ownership, a common occurrence in the financial industry.

Stakeholder Impact

• Shareholders of DNP Select Income Fund may see adjustments in ownership reporting due to AIG's changed status.
• The change primarily affects reporting requirements and does not necessarily indicate a change in the underlying financial health or strategy of DNP Select Income Fund.

Key Dates