Trade Summary

2 months ago, Nesbitt Stephen Lane, serving as Pres, Interested Trustee at Cliffwater Corporate Lending Fund (CCLFX), purchased 1,433,715 shares at $10.65 per share, for a total transaction value of $15,266,630.00. Following this transaction, Nesbitt Stephen Lane now holds 11,152,141 shares of CCLFX.

This purchase represents a 15.00% increase in Nesbitt Stephen Lane's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Tuesday, November 25, 2025 and publicly disclosed via SEC Form 4 filing on Monday, December 15, 2025, 20 days after the trade was made.