Karpus Management amends 13G — 1,389,790 shares in Westin (WSTN)
Rhea-AI Filing Summary
Karpus Management, Inc. files Amendment No. 1 reporting beneficial ownership of 1,389,790 shares of Westin Acquisition Corp Common stock, representing 17.25% of the class. The filing states Karpus has sole voting and sole dispositive power over all 1,389,790 shares.
The statement notes the shares are held in accounts managed by Karpus and affirms informational barriers with City of London Investment Group plc, so attribution to CLIG is not required.
Positive
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Negative
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Insights
Large passive stake reported: 1,389,790 shares (17.25%).
The filing documents that Karpus Management beneficially owns 1,389,790 shares of Common stock, equal to 17.25% of the class, and holds sole voting and dispositive power over those shares. This quantifies visible ownership concentration among institutional holders.
Timing and intent for any future transactions are not described; subsequent filings would disclose any changes in holdings or voting plans.
Amendment clarifies ownership and attribution under SEC guidance.
The amendment reiterates that Karpus is a registered investment adviser and states that effective informational barriers prevent attribution to CLIG under SEC Release No. 34-39538. The shares are reported as held directly in accounts managed by Karpus.
The filing is an ownership disclosure amendment and does not describe transfers, purchases, or sales.