Capital World Investors boosts FTAI Aviation (FTAI) stake to 12.4% ownership
Rhea-AI Filing Summary
FTAI Aviation Ltd. received an updated Schedule 13G/A from institutional investor Capital World Investors, a division of Capital Research and Management Company and its affiliates. The filing reports beneficial ownership of 12,754,798 common shares, equal to 12.4% of the 102,572,925 shares believed to be outstanding as of the filing date.
Capital World Investors reports sole voting power over 12,713,464 shares and sole dispositive power over 12,754,798 shares, with no shared voting or dispositive power. The securities are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of FTAI Aviation.
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FAQ
What percentage of FTAI Aviation’s common stock is held by Capital World Investors?
Capital World Investors reports holding 12.4% of FTAI Aviation’s common stock. This percentage is based on 102,572,925 shares believed to be outstanding, giving Capital World Investors a significant institutional position in the company’s equity.
Is Capital World Investors seeking to influence control of FTAI Aviation (FTAI)?
The filing states the FTAI Aviation securities were acquired and are held in the ordinary course of business, not for changing or influencing control. It also notes they are not held in connection with any transaction intended to affect control, aside from limited proxy nomination activities.
Who is Capital World Investors in relation to FTAI Aviation’s ownership?
Capital World Investors is a division of Capital Research and Management Company and its investment management subsidiaries and affiliates. Acting under the Capital World Investors name, these investment management entities are deemed beneficial owner of 12,754,798 FTAI Aviation common shares.
What type of SEC filing did Capital World Investors submit for FTAI Aviation?
Capital World Investors submitted an Amendment No. 2 to Schedule 13G regarding FTAI Aviation common stock. This ownership report discloses its beneficial holdings, voting power, and percentage of the outstanding shares, as required when crossing certain ownership thresholds.