Invesco (EWBC) discloses 6.7% beneficial stake in East West Bancorp shares
Rhea-AI Filing Summary
Invesco Ltd. filed an amended Schedule 13G reporting its beneficial ownership of East West Bancorp Inc. common stock. Invesco may be deemed to beneficially own 9,248,838 shares, representing 6.7% of the outstanding common stock, held of record by its advisory clients.
Invesco reports sole voting power over 9,160,694 shares and sole dispositive power over 9,248,838 shares, with no shared voting or dispositive power. The filing states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of East West Bancorp.
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FAQ
What percentage of East West Bancorp (EWBC) does Invesco Ltd. report owning?
Invesco Ltd. reports beneficial ownership of 6.7% of East West Bancorp’s common stock. This corresponds to 9,248,838 shares held of record by clients of Invesco’s advisory entities, with Invesco deemed a parent holding company for reporting purposes.
Is Invesco Ltd.’s East West Bancorp (EWBC) stake intended to influence control of the company?
No. Invesco certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of East West Bancorp, nor in connection with any control-related transaction, apart from certain nomination-related activities.
Who ultimately benefits economically from Invesco Ltd.’s East West Bancorp (EWBC) holdings?
The filing states that clients and fund shareholders of Invesco-affiliated entities have the right to receive dividends and sale proceeds. It notes that no individual has greater than 5% economic ownership of East West Bancorp’s common stock through these holdings.