X0306 4 2022-05-11 0001490349 PhenixFIN Corp PFX 0001358538 Lorber David A C/O PHENIXFIN CORPORATION 445 PARK AVENUE, 10TH FLOOR NEW YORK NY 10022 true true CHAIRMAN AND CEO Common Stock, $0.001 par value 2022-05-11 4 P 0 12379 38.8826 A 59533 D Common Stock, $0.001 par value 2022-05-12 4 P 0 204 38.7262 A 59737 D Common Stock, $0.001 par value 2022-05-13 4 P 0 2217 38.6389 A 61954 D Common Stock, $0.001 par value 2022-05-13 4 P 0 1200 38.8 A 2200 I By spouse Common Stock, $0.001 par value 81662.416 I By FrontFour Master Fund, Ltd. Common Stock, $0.001 par value 2085.7 I By FrontFour Opportunity Fund The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $38.78 to $38.96, 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 footnote (1) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $38.29 to $38.74, 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 footnote (2) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $38.31 to $38.80, 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 footnote (3) to this Form 4. 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. 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. /s/ David A. Lorber 2022-05-13