Global X Management (GEL) reports 6.32% beneficial stake in Genesis Energy units
Rhea-AI Filing Summary
Global X Management Company LLC reported beneficial ownership of 7,722,608 common units of Genesis Energy, L.P., representing 6.32% of the class. Global X Management is a Delaware-formed registered investment adviser and holds these units through its role as investment adviser to the Global X MLP ETF, a series of Global X Funds registered under the Investment Company Act of 1940. It has sole voting and sole dispositive power over these units, with no shared power. The ETF has the right to receive all dividends and sale proceeds, and the adviser disclaims ownership of those economic rights. The units were acquired in the ordinary course of business and not for the purpose of changing or influencing control of Genesis Energy.
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Key Figures
Key Terms
beneficial owner financial
registered investment adviser financial
sole voting power financial
sole dispositive power financial
Investment Company Act of 1940 regulatory
FAQ
What ownership stake in Genesis Energy (GEL) does Global X Management report?
How is Global X Management’s voting power over Genesis Energy (GEL) units structured?
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Did Global X Management acquire Genesis Energy (GEL) units to influence control?
Why is Global X Management deemed a beneficial owner of Genesis Energy (GEL) units?
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