JPMorgan Chase (IQI) reports indirect ownership of 1,521 VMTP preferred shares
Rhea-AI Filing Summary
JPMorgan Chase Bank reports indirect beneficial ownership of 1,521 Variable Rate Muni Term Preferred Shares, Series 2020/2023-IQI (CUSIP 46133G800). The filing states these 1,521 VMTP Shares represent 100.00% of the preferred class. The exhibit explains that on October 8, 2020 certain voting rights were assigned to a Voting Trust and that on April 28, 2026 JPM transferred the VMTP Shares to the National Finance Authority, which deposited them into a Trust that issued National Finance Authority Certificates Series 2026-PS1. JPM acquired the Class A Certificate on April 28, 2026, giving JPM an indirect beneficial interest in the VMTP Shares through contractual Trust rights.
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Key Figures
Beneficial ownership: 1,521 shares
Percent of class: 100.00%
CUSIP: 46133G800
+2 more
5 metrics
Beneficial ownership
1,521 shares
VMTP Shares, Series 2020/2023-IQI
Percent of class
100.00%
Percentage of preferred shares outstanding as reported
CUSIP
46133G800
VMTP Shares identifier
Trust transfer date
April 28, 2026
Date JPM transferred VMTP Shares to the National Finance Authority
Voting trust assignment date
October 8, 2020
Date certain preferred-class voting rights were assigned to the Voting Trust
Key Terms
Voting Trust, Class A Certificate, indirect beneficial ownership, National Finance Authority
4 terms
Voting Trust regulatory
"assigned certain preferred class voting rights on the VMTP Shares to a voting trust"
A voting trust is an arrangement where shareholders temporarily transfer their voting rights to one or more trusted individuals (trustees) who vote on company matters on their behalf. It matters to investors because it consolidates decision-making power—like handing the car keys to a single driver for a journey—which can stabilize leadership or push through strategic plans but also reduces individual shareholders’ direct influence and can affect the company’s direction and stock value.
Class A Certificate financial
"JPM acquired the National Finance Authority Certificates Series 2026-PS1 Class A Certificate"
indirect beneficial ownership financial
"JPM has an indirect beneficial ownership interest in the VMTP Shares"
National Finance Authority other
"transferred such VMTP shares to the National Finance Authority"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of the preferred class does JPM report owning?
The filing states those 1,521 shares represent 100.00% of the preferred class. That percentage is calculated based on information supplied by the issuer for the preferred shares outstanding.