Cannae Holdings (NYSE: CNNE) sees Vanguard disclose 10.21% equity stake
Rhea-AI Filing Summary
The Vanguard Group reports beneficial ownership of 5,032,983 shares of Cannae Holdings Inc. common stock, representing 10.21% of the class. Vanguard has no sole voting power over these shares, with shared voting power over 331,883 shares, but it holds sole dispositive power over 4,635,945 shares and shared dispositive power over 397,038 shares.
The shares are held for Vanguard’s clients, including registered investment companies and other managed accounts, which are entitled to dividends and sale proceeds, and no single other person has an interest in more than 5% of the class. Vanguard certifies that the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Cannae.
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FAQ
What ownership stake in Cannae Holdings Inc (CNNE) does The Vanguard Group report?
The Vanguard Group reports beneficial ownership of 5,032,983 shares of Cannae Holdings Inc. common stock, representing 10.21% of the outstanding class.
How much voting power does Vanguard report over CNNE shares?
Vanguard reports no sole voting power and shared voting power over 331,883 Cannae Holdings shares, reflecting that voting decisions are shared across certain holdings.
What dispositive (sale) powers does Vanguard have over its CNNE position?
Vanguard reports sole dispositive power over 4,635,945 Cannae shares and shared dispositive power over 397,038 shares, indicating it can direct the sale or disposition of most of the reported stake.
Who ultimately benefits from Vanguard’s CNNE holdings?
The report states that Vanguard’s clients, including registered investment companies and other managed accounts, have the right to receive dividends and sale proceeds, and no single other person’s interest exceeds 5% of the class.
Does Vanguard indicate any intent to influence control of Cannae Holdings (CNNE)?
No. Vanguard certifies that the CNNE securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
What type of reporting person is Vanguard in this CNNE Schedule 13G/A?
Vanguard identifies itself as an investment adviser (IA) filing on Schedule 13G/A with beneficial ownership above the 5% threshold in Cannae Holdings common stock.