Redwood entities report 4.32M OPI shares held in funds (OPI)
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
OFFICE PROPERTIES INCOME TRUST received an initial insider ownership report showing indirect holdings of 4,324,000 Common Shares of Beneficial Interest tied to funds managed by Redwood Capital Management. The filing is made jointly by Redwood Capital Management, its affiliated entities, and Ruben Kliksberg, who may be deemed beneficial owners due to their roles with the Redwood funds but each disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
REDWOOD CAPITAL MANAGEMENT, LLC, Redwood Capital Management Holdings, LP, Double Twins K, LLC, KLIKSBERG RUBEN
Role
null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
Holdings After Transaction:
Common Shares of Beneficial Interest — 4,324,000 shares (Indirect, See footnotes)
Footnotes (1)
- This Form 3 is being filed jointly by Redwood Capital Management, LLC, a Delaware limited liability company ("Redwood Capital Management"), Redwood Capital Management Holdings, LP, a Delaware limited partnership ("Redwood Capital Management Holdings"), Double Twins K, LLC, a Delaware limited liability company ("Double Twins K"), and Ruben Kliksberg, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom may be deemed to have a pecuniary interest in securities reported on this Form 3 (the "Subject Securities"). The business address of each Reporting Person is 250 West 55th St., 26th Floor, New York, NY 10019. The Subject Securities are directly held by certain funds (the "Redwood Funds") to which Redwood Capital Management serves as the investment manager. Each of (a) Redwood Capital Management, as the investment manager to the Redwood Funds with respect to the Subject Securities directly held by the Redwood Funds, (b) Redwood Capital Management Holdings, as the sole member of Redwood Capital Management, (c) Double Twins K, as the general partner of Redwood Capital Management Holdings, and (d) Mr. Kliksberg, as the managing member of Double Twins K, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. Each Reporting Person disclaims any beneficial ownership of the Subject Securities, except to the extent of any pecuniary interest therein.
Key Figures
Indirectly held OPI shares: 4,324,000 shares
1 metrics
Indirectly held OPI shares
4,324,000 shares
Common Shares of Beneficial Interest following reported holding entry
Key Terms
Common Shares of Beneficial Interest, pecuniary interest, beneficial owner, Rule 16a-1(a)
4 terms
pecuniary interest financial
"each of whom may be deemed to have a pecuniary interest in securities"
beneficial owner financial
"may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a)"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Rule 16a-1(a) regulatory
"beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act"
FAQ
What does the latest Form 3 for OFFICE PROPERTIES INCOME TRUST (OPI) show?
The Form 3 reports indirect holdings of 4,324,000 Common Shares of Beneficial Interest in OFFICE PROPERTIES INCOME TRUST tied to funds managed by Redwood Capital Management. It serves as an initial statement of beneficial ownership for the reporting group.
Who are the reporting persons on the OPI Form 3 filed by Redwood entities?
The reporting persons are Redwood Capital Management, LLC, Redwood Capital Management Holdings, LP, Double Twins K, LLC, and Ruben Kliksberg. They report indirect interests in OPI through certain Redwood Funds for which Redwood Capital Management acts as investment manager.
Why is Ruben Kliksberg included as a reporting person on the OPI Form 3?
Ruben Kliksberg is included because he is the managing member of Double Twins K, LLC, which is the general partner of Redwood Capital Management Holdings, LP. This ownership chain links him indirectly to the Redwood Funds that hold the OPI shares.