AllianceBernstein discloses 7.1% stake in Cardinal Infrastructure (CDNL)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
AllianceBernstein L.P. filed a Schedule 13G reporting a passive ownership stake in Cardinal Infrastructure Group Inc.. It beneficially owns 942,064 shares of common stock, representing 7.1% of the class as of the event date.
AllianceBernstein reports sole voting power over 896,481 shares and sole dispositive power over 942,064 shares, with no shared voting or dispositive power. The shares were acquired solely for investment purposes in discretionary client accounts, and AllianceBernstein certifies they are not held to change or influence control of the company.
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FAQ
What stake does AllianceBernstein hold in Cardinal Infrastructure Group Inc. (CDNL)?
AllianceBernstein L.P. reports beneficial ownership of 942,064 Cardinal Infrastructure Group Inc. common shares, representing 7.1% of the outstanding class. This ownership is disclosed on Schedule 13G as of the event date, indicating a sizeable institutional position above the 5% reporting threshold.
Is AllianceBernstein’s position in CDNL intended to influence control of the company?
AllianceBernstein states the CDNL shares were acquired and are held in the ordinary course of business, solely for investment purposes. It certifies they were not acquired and are not held to change or influence control, consistent with a passive Schedule 13G filing status.
What type of filing did AllianceBernstein submit for its CDNL holdings?
AllianceBernstein submitted a Schedule 13G, which is used for passive ownership disclosures above 5% of a class. The firm also certifies the securities are held in the ordinary course of business and not in connection with any effort to change issuer control.
What percentage of CDNL does AllianceBernstein report owning?
AllianceBernstein’s Schedule 13G reports beneficial ownership of 7.1% of Cardinal Infrastructure Group Inc.’s common stock. This percentage is based on 942,064 shares and reflects its stake relative to the company’s outstanding shares as of the event date disclosed.