Invesco discloses 5.2% Paymentus (NYSE: PAY) ownership stake on 13G/A
Rhea-AI Filing Summary
Invesco Ltd., a Bermuda-based asset manager, reports beneficial ownership of Paymentus Holdings common stock. Invesco may be deemed to beneficially own 2,877,486 shares, representing 5.2% of the company’s common stock, held in client accounts managed by its investment adviser subsidiaries.
Invesco reports sole voting power over 2,726,061 shares and sole dispositive power over 2,877,486 shares, with no shared voting or dispositive power. The firm certifies that these securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Paymentus.
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FAQ
What ownership stake does Invesco report in Paymentus (PAY)?
Invesco Ltd. reports beneficial ownership of 2,877,486 Paymentus common shares, representing 5.2% of the class. These shares are held in client accounts managed by Invesco’s adviser subsidiaries, with Invesco having sole voting power over 2,726,061 shares and sole dispositive power over all 2,877,486 shares.
Does any single investor hold over 5% economic interest via Invesco in Paymentus (PAY)?
No individual investor is reported to have more than 5% economic ownership through Invesco’s Paymentus position. The filing notes that shareholders of the relevant fund have rights to dividends and sale proceeds, but none individually exceeds the 5% economic ownership threshold for this class of securities.
Which Invesco subsidiaries are associated with the Paymentus (PAY) holdings?
The filing identifies Invesco Advisers, Inc. and Invesco Capital Management LLC as the subsidiaries connected to the Paymentus position. Invesco Ltd. reports the stake in its capacity as a parent holding company to these investment advisers, which manage the client accounts holding the shares.
Is Invesco’s Paymentus (PAY) position intended to influence company control?
Invesco certifies that the Paymentus shares were acquired and are held in the ordinary course of business. The position is stated not to be for the purpose of changing or influencing control of Paymentus, nor in connection with any transaction designed to achieve such control, aside from limited nomination activities.