the Issuer: a 100% majority stake traced back to Lincoln National Corporation

If the Issuer is one of your counterparties, does your ownership record show the chain running back to Lincoln National Corporation?

The chain is on the public record. Lincoln National Corporation sits at the top of a 2-step ownership chain that ends in a 100% majority stake in the Issuer. Each link in this chain is a filed percentage or a disclosed relationship, not an inference.

Bottom line

the Issuer has a 100% majority stake traced back to Lincoln National Corporation through 1 intermediate holding(s). This is a controlling position, based on the filed percentages in the chain.

Why this matters to you

If you run ownership, KYC or counterparty due diligence, a chain like this one is exactly the kind of structure a single-name search misses. the Issuer controls being connected to Lincoln National Corporation through intermediate holding entities, and each link carries its own disclosed percentage.

The catch is naming across languages and across holding-company layers: an intermediate entity may be recorded under a legal name that differs from the one you see in English coverage, so a name-by-name check can drop a link out of the chain.

The evidence: who is at the end of the chain

Ownership chain behind the Issuer. The chain reads top to bottom, from the top holder down to the company being held; related context sits quietly to the side.
Ownership chain (top-down)Related context
Drag any node to move it; it stays where you drop it. Hover or click a node to see its details in the panel below the graph.
Lincoln National Corporation
wholly owns (subsidiary)
The Lincoln National Life Insurance Company
owns 100% of
the Issuer
Lincoln National Corporation → The Lincoln National Life Insurance CompanyFiled evidence: “LNL is a wholly owned subsidiary of its parent holding company, Lincoln National Corporation”
The Lincoln National Life Insurance Company → the IssuerFiled evidence: “100% of the Class IS Shares outstanding”

Matching the chain across languages

the Issuer sits at the end of this chain. The percentages and the filing lines behind each step are on the public record; no market-share or valuation figure is claimed here.

As a side note for anyone tracking the ownership structure: a multi-step chain like this is worth keeping on file as the underlying entities' disclosures update. That is context, not a forecast.

Want this run on your own counterparties? See the entity-resolution API at app.hannune.ai/entity-resolution or get in touch at editor@2asy.ai.

Disclaimer

This brief was produced by an automated system from public filings for information purposes only. It is not investment, legal or compliance advice and carries no liability. Percentages and quoted text are from public disclosures; any forward-looking note is a possibility, not a fact.

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