Ann: Ceasing to be a substantial holder, page-36

No, not alarming at all. Holdings can vary all the time - has your portfolio changed over the last 6months?
The low volumes are not conducive to "KNL faithful losing faith" - a large volume sell down would be a more likely scenario of faith being lost?
Substantial holders knowing more than the rest of the market is considered insider trading, which I do not believe is happening here either.
I trust that this allays your concerns in these regards, and gosh blimey if you have any further questions as an avid non-holder please feel free to ask.