Weiss Asset Management reports 5.9% passive stake in SITC
Rhea-AI Filing Summary
SITE Centers Corp. (SITC) received a Schedule 13G reporting that Weiss Asset Management LP, together with WAM GP LLC and Andrew M. Weiss, beneficially owns 3,095,020 common shares, representing 5.9% of the class as of the event date 09/30/2025. The filing lists shared voting and dispositive power over 3,095,020 shares and no sole voting or dispositive power.
The ownership percentages are based on 52,444,898 common shares outstanding as of July 31, 2025, as reported in the issuer’s Form 10‑Q. The filers state the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Weiss Asset Management is identified as an investment adviser, with WAM GP as its general partner and Andrew M. Weiss as managing member.
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Insights
Passive 13G discloses a new >5% holder at 5.9%.
Weiss Asset Management reports beneficial ownership of 3,095,020 SITC shares, equal to 5.9% of outstanding, with shared voting and dispositive power and no sole authority. This is a standard Schedule 13G, indicating a passive stance under the certification language.
The percentage is calculated against 52,444,898 shares outstanding as of July 31, 2025. The filing also ties Weiss Asset Management to WAM GP and Andrew M. Weiss through control relationships. Actual market impact depends on holder activity; the disclosure itself does not signal control intent.
Subsequent ownership updates, if any, would appear in future beneficial ownership filings by the reporting persons.
FAQ
What stake in SITC does Weiss Asset Management report on this Schedule 13G?
How is the 5.9% ownership in SITC calculated?
Who are the reporting persons in the SITC Schedule 13G?
Is this a passive or active intent filing for SITC?
What is the event date for the SITC ownership reported?
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