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LONDON - JPMorgan Chase & Co. has reduced its stake in The PRS REIT PLC to 6.37% of voting rights, according to a regulatory filing published Tuesday.
The U.S. banking giant crossed below the 7% threshold on November 27, holding approximately 35 million voting rights in the UK-based real estate investment trust. The position includes 6.33% through direct voting rights and 0.04% through financial instruments.
JPMorgan’s previous position stood at approximately 7.10% of voting rights, indicating a reduction of about 0.73 percentage points in its overall holding.
The majority of the bank’s stake is held through its subsidiary J.P. Morgan Securities plc, which controls 6.19% of the combined voting rights. The financial instruments portion includes cash-settled equity swaps with expiration dates ranging from September 2026 to May 2028.
The notification, made under the UK’s Disclosure and Transparency Rules, was received by PRS REIT on December 1 and officially announced via a regulatory news service statement.
The PRS REIT specializes in the private rented sector of the UK residential real estate market. The company trades on the London Stock Exchange under the ISIN code GB00BF01NH51.
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