Karpus Management Reports 1.82M CHACU Shares, Sole Voting Power
Rhea-AI Filing Summary
Karpus Management, Inc. reports beneficial ownership of 1,815,750 common shares of Crane Harbor Acquisition Corp., representing 6.06% of the class. The filing states Karpus has sole voting and dispositive power over these shares and holds them in accounts it manages as a registered investment adviser. The filing clarifies Karpus is organized in New York and that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Positive
- Beneficial ownership of 1,815,750 shares clearly disclosed
- Stake equals 6.06%, exceeding the 5% Schedule 13G threshold and triggering public transparency
- Sole voting and dispositive power is explicitly reported, clarifying control over the shares
- Karpus is a registered investment adviser and states holdings are in managed accounts
Negative
- None.
Insights
TL;DR: Karpus holds a meaningful passive stake (6.06%) with sole voting/dispositive power; this is a routine institutional disclosure.
The Schedule 13G indicates a single registered adviser holds 1,815,750 shares and reports sole voting and dispositive authority. For investors, this documents a material passive ownership position above the 5% reporting threshold but does not indicate an intent to influence control. The filing cites standard certification that the shares are held in the ordinary course of business.
TL;DR: Ownership structure is clear and compliant; no governance change or group attribution is reported.
Karpus identifies itself as the reporting person and notes informational barriers with its parent entity, stating no attribution to the parent. The filing shows no shared voting or dispositive powers and does not report group affiliation or intent to act in concert. This is a routine disclosure confirming compliance with Schedule 13G requirements for passive investors.