BlackRock (CHTR holder) discloses 5.1% passive stake in Charter
Rhea-AI Filing Summary
BlackRock, Inc. has disclosed a passive ownership stake in Charter Communications, Inc. Class A stock. As of the reported date, BlackRock beneficially owned 6,596,572 shares, representing 5.1% of the outstanding Class A shares. BlackRock reports sole voting power over 5,981,955 shares and sole dispositive power over the full 6,596,572 shares, with no shared voting or dispositive authority.
The filing explains that these holdings reflect securities beneficially owned, or deemed owned, by certain BlackRock business units, and do not include positions managed by other disaggregated units. BlackRock states that the shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Charter. The filing also notes that various underlying clients have rights to dividends or sale proceeds, but no single person has more than five percent of Charter’s outstanding common stock.
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FAQ
How much of Charter Communications (CHTR) stock does BlackRock, Inc. report owning?
BlackRock, Inc. reports beneficial ownership of 6,596,572 shares of Charter Communications, Inc. Class A stock, representing 5.1% of the class.
Does BlackRock, Inc. have voting control over its Charter Communications (CHTR) shares?
BlackRock, Inc. reports sole voting power over 5,981,955 Charter Class A shares and no shared voting power, indicating it alone can vote that portion of the stake.
What dispositive power does BlackRock, Inc. report over Charter Communications (CHTR) shares?
BlackRock, Inc. reports sole dispositive power over 6,596,572 Charter Class A shares and no shared dispositive power, meaning it can direct how those shares are sold or otherwise disposed.
Is BlackRock’s stake in Charter Communications (CHTR) filed as a passive investment?
Yes. BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Charter Communications, Inc.
Who ultimately benefits from BlackRock’s Charter Communications (CHTR) holdings?
The filing states that various persons have rights to dividends or sale proceeds from Charter shares managed by BlackRock, but that no one person has more than 5% of the total outstanding common shares.
Which business units of BlackRock, Inc. are included in this Charter (CHTR) ownership report?
The report covers securities beneficially owned, or deemed owned, by certain Reporting Business Units of BlackRock, Inc. and its subsidiaries and affiliates, and excludes other units whose holdings are disaggregated under SEC guidance.