BlackRock (SITC) discloses 4.26M SITE Centers shares in 13G/A filing
Rhea-AI Filing Summary
BlackRock, Inc. reports a significant passive stake in SITE Centers Corp., disclosing beneficial ownership of 4,260,895 shares of common stock, representing 8.1% of the outstanding class as of the stated event date. BlackRock has sole voting power over 4,146,715 of these shares and sole dispositive power over all 4,260,895 shares, with no shared voting or dispositive authority. The filing notes that various underlying clients and investors may have rights to dividends or sale proceeds, but no single person has more than five percent of SITE Centers’ outstanding common shares. BlackRock certifies that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
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FAQ
What percentage of SITE Centers Corp. (SITC) does BlackRock now beneficially own?
BlackRock, Inc. reports beneficial ownership of 8.1% of the outstanding common stock of SITE Centers Corp., as stated in the Schedule 13G/A.
How many SITE Centers Corp. (SITC) shares does BlackRock report owning?
BlackRock, Inc. reports beneficial ownership of 4,260,895 shares of SITE Centers Corp. common stock.
What voting power does BlackRock have over its SITE Centers Corp. (SITC) shares?
BlackRock, Inc. has sole voting power over 4,146,715 SITE Centers Corp. shares and no shared voting power.
What dispositive power does BlackRock have over its SITE Centers Corp. (SITC) holdings?
BlackRock, Inc. has sole dispositive power over 4,260,895 shares of SITE Centers Corp. common stock and no shared dispositive power.
Is BlackRock’s stake in SITE Centers Corp. (SITC) a passive investment?
Yes. BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of SITE Centers Corp.
Who ultimately benefits from BlackRock’s SITE Centers Corp. (SITC) holdings?
The filing states that various persons have rights to dividends or sale proceeds from the SITE Centers Corp. shares managed by BlackRock, but no single person’s interest exceeds 5% of the company’s total outstanding common shares.
Which entity filed the beneficial ownership report for SITE Centers Corp. (SITC)?
The Schedule 13G/A is filed by BlackRock, Inc., a Delaware corporation, reflecting securities beneficially owned or deemed beneficially owned by certain of its business units.