Form 4: American International Group (AIG) Reports Change in Beneficial Ownership of DNP Select Income Fund Shares Following Corebridge Financial Separation

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

Summary

• American International Group, Inc. (AIG) filed a Form 4 to report changes in its beneficial ownership of DNP Select Income Fund Inc. (DNP) securities.
• The filing is triggered by 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.
• American Home Assurance Company, Lexington Insurance Company, and National Union Fire Insurance Company of Pittsburgh, PA, each an indirect wholly-owned subsidiary of AIG, directly hold portions of the Senior Secured Notes.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing reflecting a change in corporate structure. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing reflects corporate restructuring and its impact on reported ownership of investment fund securities. It's a routine disclosure related to changes in corporate structure rather than a fundamental shift in investment strategy.

Stakeholder Impact

• The change in reporting structure may affect how stakeholders view AIG's investment portfolio, but the underlying investments remain the same.

Key Dates