Form 4: Lord Abbett Credit Opportunities Fund: Portfolio Manager Eric P Kang Reports Transaction
SEC Form 4 Filing
Portfolio Manager Eric P Kang reports the acquisition of common shares in Lord Abbett Credit Opportunities Fund.
Summary
- On April 18, 2024, Eric P Kang, a Portfolio Manager at Lord Abbett Credit Opportunities Fund, acquired 2,821.67 common shares of the fund at a price of $8.86 per share.
- Following this transaction, Kang directly owns 9,882.547 common shares of the fund.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The transaction indicates the portfolio manager's investment in the fund.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to the market.
Comparison to Industry Standards
- Form 4 filings are a regulatory requirement for insiders, such as Eric P Kang, to report transactions in their company's securities.
- These filings are publicly available and allow investors to track insider activity, which can be an indicator of company performance and management's confidence.
- Comparable companies and funds would have similar reporting requirements for their insiders.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of transaction: Acquisition of 2,821.67 common shares. |
| 04/19/2024 | Date of signature for the report. |
Keywords
Lord Abbett Credit Opportunities Fund, Eric P Kang, Form 4, Beneficial Ownership, Portfolio Manager, LCRDX, Shares Acquisition
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