Lincoln Bain Capital Total Credit Fund’s activist position rose to 13.90%, representing 5,378,832.59 shares of beneficial interest. The 13D classification matters to investors because it identifies the holding as activist rather than passive, while the stated purpose for the position is participation in a Dividend reinvestment plan.

Key Highlights

  • The position includes 5,375,613.12 Class I shares and smaller holdings across Class A, Class D and Class IS shares.
  • The filing reports 13.89% ownership of the Class I shares outstanding.
  • The disclosed acquisitions occurred automatically under the Issuer’s dividend reinvestment plan.

Lincoln Bain Capital Total Credit Fund reported a 13.90% beneficial ownership position, or 5,378,832.59 shares of beneficial interest. The position was reported through an amendment to the Schedule 13D. The filing reports acquisitions under the Issuer’s dividend reinvestment plan. The event date was September 17, 2026.

Position Reaches 13.90%

The Lincoln National Life insurance Company directly owns 5,375,613.12 Class I shares, 1,070.25 Class A shares, 1,073.47 Class D shares and 1,075.76 Class IS shares. The reported ownership rate for the Class I shares is 13.89%, while ownership of the Class A, Class D and Class IS classes is 100% in each case. The Class I percentage was calculated using 38,701,711.65 shares outstanding. The Lincoln National Life Insurance Company’s reported position spans multiple share classes, with the Class I holding representing the largest component.

Dividend Plan Activity

The reported Class I purchase price was $10.15 per share, and the listed Acquisition included 67,682.90 shares for the LVIP Global Growth Allocation Managed Risk Fund. The filing also identifies Lincoln Financial Investments Corporation with 72.21% of the Class I shares.

Schedule 13D/A Amendment

The source identifies the event date as September 17, 2026, while the signatures for Lincoln National Corporation, The Lincoln National Life Insurance Company and Lincoln Financial Investments Corporation were dated September 21, 2026. The filing identifies the acquisitions as automatic and occurring without investment discretion under the dividend reinvestment plan.