UAW Retiree Medical Benefits Trust

07/02/2024 | Press release | Distributed by Public on 07/02/2024 09:24

Amendment to Beneficial Ownership Report - Form SC 13D/A

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

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934
(Amendment No. 13)*

NC SLF INC.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

None

(CUSIP Number)

Garon Meikle
Chief Financial Officer

UAW Retiree Medical Benefits Trust

1155 Brewery Park Blvd., Suite 400

Detroit, MI 48207

(313) 324-5900

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

June 28, 2024

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. None 13D
1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

UAW Retiree Medical Benefits Trust
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b) ¨
3. SEC USE ONLY
4. SOURCE OF FUNDS (see instructions)
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6. CITIZENSHIP OR PLACE OF ORGANIZATION

None. Organized as a 501(c)(9) Voluntary Employee Beneficiary Association.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER

0
8.

SHARED VOTING POWER

44,175,975

9. SOLE DISPOSITIVE POWER

0
10. SHARED DISPOSITIVE POWER

44,175,975
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

44,175,975
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

99.1%
14. TYPE OF REPORTING PERSON (see instructions)

EP
CUSIP No. None 13D
1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

UAW Chrysler Retirees Medical Benefits Plan
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b) ¨
3. SEC USE ONLY
4. SOURCE OF FUNDS (see instructions)

WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6. CITIZENSHIP OR PLACE OF ORGANIZATION

None. Organized as a 501(c)(9) Voluntary Employee Beneficiary Association.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER

0
8.

SHARED VOTING POWER

8,614,314

9. SOLE DISPOSITIVE POWER

0
10. SHARED DISPOSITIVE POWER

8,614,314
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,614,314
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

19.3%
14. TYPE OF REPORTING PERSON (see instructions)

EP
CUSIP No. None 13D
1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

UAW Ford Retirees Medical Benefits Plan
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b) ¨
3. SEC USE ONLY
4. SOURCE OF FUNDS (see instructions)

WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6. CITIZENSHIP OR PLACE OF ORGANIZATION

None. Organized as a 501(c)(9) Voluntary Employee Beneficiary Association.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER

0
8.

SHARED VOTING POWER

13,429,495

9. SOLE DISPOSITIVE POWER

0
10. SHARED DISPOSITIVE POWER

13,429,495
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

13,429,495
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

30.1%
14. TYPE OF REPORTING PERSON (see instructions)

EP
CUSIP No. None 13D
1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

UAW GM Retirees Medical Benefits Plan
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b) ¨
3. SEC USE ONLY
4. SOURCE OF FUNDS (see instructions)

WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6. CITIZENSHIP OR PLACE OF ORGANIZATION

None. Organized as a 501(c)(9) Voluntary Employee Beneficiary Association.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER

0
8. SHARED VOTING POWER

22,132,166
9. SOLE DISPOSITIVE POWER

0
10. SHARED DISPOSITIVE POWER

22,132,166
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

22,132,166
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

49.7%
14. TYPE OF REPORTING PERSON (see instructions)

EP
CUSIP No. None 13D
1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Hershel Harper
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) x
(b) ¨
3. SEC USE ONLY
4. SOURCE OF FUNDS (see instructions)
AF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6. CITIZENSHIP OR PLACE OF ORGANIZATION

United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER

0
8.

SHARED VOTING POWER

44,175,975

9. SOLE DISPOSITIVE POWER

0
10. SHARED DISPOSITIVE POWER

44,175,975
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

44,175,975
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

99.1%
14. TYPE OF REPORTING PERSON (see instructions)

IN
CUSIP No. None 13D

Item 1. Security and Issuer.

This Amendment No. 13 ("Amendment No. 13") amends the statement on Schedule 13D filed with the Securities and Exchange Commission on July 2, 2021 as amended by Amendment No. 1 on January 18, 2022, Amendment No. 2 on June 27, 2022, Amendment No. 3 on September 7, 2022, Amendment No. 4 on October 27, 2022, Amendment No. 5 on February 6, 2023, Amendment No. 6 on April 27, 2023, Amendment No. 7 on July 14, 2023, Amendment No. 8 on October 23, 2023, Amendment No. 9 on December 6, 2023, Amendment No. 10 on January 17, 2024, Amendment No. 11 on April 1, 2024, and Amendment No. 12 on April 16, 2024 . This Amendment No. 13 relates to shares of common stock (the "Shares") of NC SLF Inc., a Maryland corporation (the "Issuer") that registered under the Investment Company Act of 1940, as amended (the "1940 Act"), on August 12, 2022 as a non-diversified, closed-end management investment company. Prior to its registration as a closed-end fund under the 1940 Act, the Issuer was organized as a Maryland corporation on January 29, 2021 and operated as a business development company ("BDC") from June 2, 2021 until August 12, 2022, whereupon it withdrew its election to be regulated as a BDC pursuant to Section 54(c) of the 1940 Act and filed a notice of registration under Section 8 of the 1940 Act in order to register as a closed-end fund. The Issuer's principal executive offices are located at 430 Park Avenue, 14th Floor, New York, NY 10022.

Item 4. Purpose of Transaction.

This Item 4 is hereby amended to include the following:

On June 28, 2024, pursuant to drawdown notices delivered in accordance with the Subscription Agreements (i) UAW Chrysler Retirees Medical Benefits Plan purchased from the Issuer, and the Issuer issued to UAW Chrysler Retirees Medical Benefits Plan 580,951 Shares; (ii) UAW Ford Retirees Medical Benefits Plan purchased from the Issuer, and the Issuer issued to UAW Ford Retirees Medical Benefits Plan 905,687 Shares; and (iii) UAW GM Retirees Medical Benefits Plan purchased from the Issuer, and the Issuer issued to UAW GM Retirees Medical Benefits Plan 1,492,597 Shares. The price per Share was $9.97.

The purpose of the transaction was to acquire securities of the Issuer for investment purposes.

The Issuer is a business development company. The Reporting Persons expect to continue to beneficially own, in the aggregate, greater than 99% of the Shares outstanding. The investment strategy and investment policy of the Issuer have been devised by, and will be implemented by, Churchill Asset Management LLC. The Reporting Persons do not have any plans or proposals to make any changes to the Issuer's investment policy.

The Reporting Persons may change their intention with respect to any and all matters referred to in this Item 4.

Except as set forth herein, the Reporting Persons have no present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.

Item 5. Interest in Securities of the Issuer.

(a) The aggregate number of Shares to which this Amendment No. 13 relates is 44,175,975. Such aggregate number of Shares represents 99.1% of the common stock of the Issuer. The percentage reported in this Amendment No. 13 is calculated based upon 44,565,124 Shares outstanding as of June 28, 2024 as indicated by the Issuer.

(b) The UAW Chrysler Retirees Medical Benefits Plan beneficially owns and has shared voting and dispositive power of 8,614,314 Shares. Such Shares represent 19.3% of the Shares outstanding.

The UAW Ford Retirees Medical Benefits Plan beneficially owns and has shared voting and dispositive power of 13,429,495 Shares. Such Shares represent 30.1% of the Shares outstanding.

The UAW GM Retirees Medical Benefits Plan beneficially owns and has shared voting and dispositive power of 22,132,166 Shares. Such Shares represent 49.7% of the Shares outstanding.

UAW RMBT is the trust under which the Plans are established and, pursuant to Rule 13d-3, may be deemed to beneficially own the 44,175,975 Shares held by the Plans. Such Shares represent 99.1% of the Shares outstanding. UAW RMBT is an indirect beneficial owner of these Shares.

Hershel Harper is the chief investment officer of UAW RMBT, the trust under which the Plans are established, and, pursuant to Rule 13d-3 may be deemed to beneficially own the 44,175,975 Shares held by the Plans. Such Shares represent 99.1% of the Shares outstanding. Hershel Harper is an indirect beneficial owner of these Shares.

(c) Except as disclosed in Item 4, no transactions in the Shares were effected during the past sixty days by the Reporting Persons.

(d) Not applicable.

(e) Not applicable.

CUSIP No. None 13D

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: July 2, 2024

UAW RETIREE MEDICAL BENEFITS TRUST
By: /s/ Garon Meikle
Name: Garon Meikle
Title: Chief Financial Officer
UAW CHRYSLER RETIREES MEDICAL BENEFITS PLAN
By: /s/ Garon Meikle
Name: Garon Meikle
Title: Chief Financial Officer
UAW FORD RETIREES MEDICAL BENEFITS PLAN
By: /s/ Garon Meikle
Name: Garon Meikle
Title: Chief Financial Officer
UAW GM RETIREES MEDICAL BENEFITS PLAN
By: /s/ Garon Meikle
Name: Garon Meikle
Title: Chief Financial Officer
HERSHEL HARPER
/s/ Hershel Harper