Cliffwater Corporate Lending Fund (CCLFX) Form 4 Change in insider ownership

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

AMERICAN INTERNATIONAL GROUP, INC.

(Last) (First) (Middle)

1271 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10020

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Cliffwater Corporate Lending Fund [ CCLFX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
5.44% Series B Senior Secured Notes due July 19, 2025	06/09/2024		J(1)		10,967,500	D	$0	$1,532,500	I	Held through subsidiaries(2)
5.50% Series C Senior Secured Notes due July 19, 2026	06/09/2024		J(1)		29,831,600	D	$0	$4,168,400	I	Held through subsidiaries(3)
4.10% Series A Senior Secured Notes due March 28, 2027	06/09/2024		J(1)		25,000,000	D	$0	$0	I	Held through subsidiaries
5.61% Series E Senior Secured Notes due July 19, 2027	06/09/2024		J(1)		37,289,500	D	$0	$5,210,500	I	Held through subsidiaries(4)
7.10% Series I Senior Secured Notes due December 6, 2027	06/09/2024		J(1)		52,644,000	D	$0	$7,356,000	I	Held through subsidiaries(5)
6.77% Series L Senior Secured Notes due August 4, 2028	06/09/2024		J(1)		12,000,000	D	$0	$12,500,000	I	Held through subsidiaries(6)
5.72% Series F Senior Secured Notes due July 19, 2029	06/09/2024		J(1)		33,000,000	D	$0	$0	I	Held through subsidiaries
5.72% Series G Senior Secured Notes due July 19, 2029	06/09/2024		J(1)		28,000,000	D	$0	$0	I	Held through subsidiaries
7.17% Series J Senior Secured Notes due December 6, 2029	06/09/2024		J(1)		40,000,000	D	$0	$0	I	Held through subsidiaries
6.81% Series M Senior Secured Notes due August 4, 2030	06/09/2024		J(1)		12,000,000	D	$0	$17,500,000	I	Held through subsidiaries(7)
7.23% Series Q Senior Secured Notes due January 20, 2031	06/09/2024		J(1)		39,000,000	D	$0	$0	I	Held through subsidiaries
7.40% Series R Senior Secured Notes due January 20, 2034	06/09/2024		J(1)		50,000,000	D	$0	$0	I	Held through subsidiaries
6.75% Series K Senior Secured Notes due August 4, 2026								$6,000,000	I	Held through subsidiaries(8)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. As of June 9, 2024, Corebridge Financial, Inc. ("CRBG") ceased to be a controlled subsidiary of American International Group, Inc. ("AIG"). As a result, CRBG and AIG report beneficial ownership independently and AIG no longer reports beneficial ownership of securities held directly by CRBG and its subsidiaries.

2. National Union Fire Insurance Company of Pittsburgh, PA ("National Union"), an indirect wholly owned subsidiary of AIG, directly holds $1,532,500.00 principal amount of the reported securities.

3. National Union directly holds $4,168,400.00 principal amount of the reported securities.

4. National Union directly holds $5,210,500.00 principal amount of the reported securities.

5. Lexington Insurance Company ("Lexington"), an indirect wholly owned subsidiary of AIG, directly holds $7,356,000.00 principal amount of the reported securities.

6. American Home Assurance Company ("AHAC"), an indirect wholly owned subsidiary of AIG, Commerce and Industry Insurance Company ("Commerce"), an indirect wholly owned subsidiary of AIG, Lexington and National Union directly hold $4,600,000.00 principal amount, $500,000.00 principal amount, $3,700,000.00 principal amount and $3,700,000.00 principal amount of the reported securities, respectively.

7. AHAC, Commerce, Lexington, National Union and American International Group UK Limited, an indirect wholly owned subsidiary of AIG, directly hold $4,600,000.00 principal amount, $500,000.00 principal amount, $3,700,000.00 principal amount, $3,700,000.00 principal amount and $5,000,000.00 principal amount of the reported securities, respectively.

8. AHAC directly holds $6,000,000.00 principal amount of the reported securities.

Remarks:

Filed pursuant to Section 30(h) of the Investment Company Act of 1940.

	/s/ Gregory Ruffa, Authorized Signatory of American International Group, Inc.	06/11/2024
	** Signature of Reporting Person	Date
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