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LONDON - Investment management firm BlackRock (NYSE:BLK), Inc. has reduced its voting rights in The PRS REIT PLC (LON:PRSR) to below 5%, according to a regulatory filing published Monday.
The notification shows BlackRock’s direct voting rights in PRS REIT decreased to 4.97% from a previous 5%, while its holdings through financial instruments fell to 0.83% from 1.19%. The combined position now stands at 5.8%, down from 6.19% previously.
The threshold was crossed on June 20, with BlackRock holding a total of 31,902,097 voting rights in the company. The position includes 27,312,219 shares with direct voting rights, 335,436 voting rights through securities lending, and 4,254,442 voting rights through contracts for difference (CFDs).
PRS REIT, listed on the London Stock Exchange (LON:LSEG), is a real estate investment trust focused on the UK private rented sector.
The disclosure was made through a TR-1 form, which is required under UK regulations when a shareholder’s stake crosses certain thresholds. Companies must notify the market when an investor’s holding moves above or below 3% of total voting rights, and at each percentage point change thereafter.
The notification details the full chain of controlled undertakings through which BlackRock holds the voting rights and financial instruments, including various subsidiaries across multiple jurisdictions.
This information is based on a regulatory press release statement issued by PRS REIT.
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