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LONDON - JPMorgan Chase & Co. has increased its stake in The PRS REIT PLC to 7.09% of voting rights, according to a regulatory filing released Monday.
The U.S. banking giant crossed the notification threshold on November 20, holding approximately 38.97 million voting rights in the UK-based real estate investment trust. The position consists primarily of shares representing 7.07% of voting rights, with an additional 0.03% held through financial instruments.
The filing shows JPMorgan’s stake has increased from its previous position of 6.34% of total voting rights. The majority of the position is held through J.P. Morgan Securities plc, according to the TR-1 standard form for notification of major holdings submitted to the London Stock Exchange.
The financial instruments portion of JPMorgan’s holding includes cash-settled equity swaps with expiration dates ranging from September 2026 to May 2028.
PRS REIT, which trades on the London Stock Exchange under the ISIN GB00BF01NH51, specializes in the private rented sector of the UK residential real estate market.
The notification was made in accordance with UK regulatory requirements for disclosure of major shareholdings. Companies are required to report when their ownership positions cross certain thresholds.
This information is based on a regulatory announcement released through the London Stock Exchange’s news service.
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