PhenixFIN Corp — Director's Dealing 2021

May 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PhenixFIN Corp (PFX)
CIK: 0001490349
Period of Report: 2021-05-14

Reporting Person: Lorber David A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-14	Common Stock, $0.001 par value	P	407	$36.6	Acquired	407	Direct
2021-05-14	Common Stock, $0.001 par value	P	593	$37.6377	Acquired	1000	Direct
2021-05-14	Common Stock, $0.001 par value	P	2000	$38.7999	Acquired	3000	Direct
2021-05-17	Common Stock, $0.001 par value	P	1000	$38.0404	Acquired	1000	Indirect
2021-05-18	Common Stock, $0.001 par value	P	4800	$38.4239	Acquired	7800	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value	81662.416	Indirect
Common Stock, $0.001 par value	2085.7	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $37.448 to $37.90, inclusive. The reporting person undertakes to provide to PhenixFIN Corporation, any security holder of PhenixFIN Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $38.7499 to $38.8499, inclusive.

F3: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $38.2945 to $38.4999, inclusive.

F4: Shares owned directly by FrontFour Master Fund, Ltd. ("FrontFour Master Fund") and indirectly by David A. Lorber by virtue of his position as a managing member and principal owner of the investment manager of FrontFour Master Fund. Mr. Lorber disclaims beneficial ownership of the shares owned directly by FrontFour Master Fund except to the extent of his pecuniary interest therein.

F5: Shares owned directly by FrontFour Opportunity Fund ("FrontFour Opportunity Fund") and indirectly by David A. Lorber by virtue of his position as a principal owner of the investment manager of FrontFour Opportunity Fund. Mr. Lorber disclaims beneficial ownership of the shares owned directly by FrontFour Opportunity Fund except to the extent of his pecuniary interest therein.