Bank of America discloses 5% stake in Franklin Street
Bank of America Corporation has filed an amended Schedule 13G reporting a passive ownership stake in Franklin Street Properties Corp. common stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Bank of America Corporation has filed an amended Schedule 13G reporting a passive ownership stake in Franklin Street Properties Corp. common stock. As of the event date, it beneficially owned 5,192,758 shares, representing 5.0% of the outstanding common stock.
Bank of America reports no sole voting or dispositive power over the shares, with all authority held on a shared basis. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Franklin Street Properties.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Bank of America’s Schedule 13G/A filing mean for FSP?
What percentage of Franklin Street Properties’ stock is held by Bank of America?
Is Bank of America an active or passive investor in FSP according to this filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.