MIT (NASDAQ: BOC) discloses 5.2% Boston Omaha Class A ownership
Rhea-AI Filing Summary
Boston Omaha Corporation reported that 238 Plan Associates LLC and the Massachusetts Institute of Technology, through MIT Investment Management Company, together beneficially own 1,602,449 shares of Boston Omaha’s Class A common stock. This represents 5.2% of the outstanding Class A shares. The filing states that MIT is the non-member manager of 238 Plan Associates and that the shares are held directly by MIT and 238 Plan Associates. The reporting persons certify that the shares were not acquired and are not held for the purpose of changing or influencing control of Boston Omaha.
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FAQ
What stake in Boston Omaha Corporation (BOC) is reported in this Schedule 13G?
The filing reports beneficial ownership of 1,602,449 shares of Boston Omaha Class A common stock, representing 5.2% of the class.
Who are the reporting persons in the Boston Omaha (BOC) Schedule 13G?
The reporting persons are 238 Plan Associates LLC and the Massachusetts Institute of Technology (MIT), acting through its division MIT Investment Management Company.
How are the Boston Omaha (BOC) shares held by MIT and 238 Plan Associates?
The filing states that the Shares are held directly by MIT and 238 Plan Associates LLC. MIT is the non-member manager of 238 Plan Associates.
What voting and dispositive power do the reporting persons have over Boston Omaha (BOC) shares?
The reporting persons have sole power to vote and dispose of 1,602,449 shares, and report no shared voting or dispositive power.
Does MIT’s 13G filing indicate an intent to influence control of Boston Omaha (BOC)?
No. The certification states that the securities were not acquired and are not held for the purpose of changing or influencing the control of Boston Omaha.
What percentage threshold does this Boston Omaha (BOC) Schedule 13G relate to?
The filing confirms beneficial ownership of more than 5% of Boston Omaha’s Class A common stock, specifically 5.2% of the class.