• Fri. Feb 23rd, 2024

    Cohen & Steers, Inc. Discloses 3.42% Stake in LXi REIT plc

    ByNuala Hafner

    Feb 9, 2024
    Cohen & Steers, Inc. Discloses 3.42% Stake in LXi REIT plc

    Investment management firm Cohen & Steers, Inc. has publicly disclosed that it owns a 3.42% stake in LXi REIT plc, a real estate investment trust. The disclosure was made in accordance with the requirements of Rule 8.3 of the Takeover Code.

    Cohen & Steers, Inc. revealed that it currently holds 58,641,740 relevant securities of LXi REIT plc. This includes both owned and controlled securities. The firm also stated that it has not entered into any stock-settled derivative positions or agreements related to LXi REIT plc securities.

    It is interesting to note that Cohen & Steers, Inc. recently made purchases of LXi REIT plc securities. The firm acquired 635,166 securities at a price of 1.0257 GBP per unit, 861 securities at a price of 1.0280 GBP per unit, 305,000 securities at a price of 1.0319 GBP per unit, and 2,007,426 securities at a price of 1.0351 GBP per unit.

    This disclosure provides insight into the ownership and trading activities of Cohen & Steers, Inc. It indicates the firm’s confidence in LXi REIT plc and its investment strategy in the real estate sector.

    As per the requirements, Cohen & Steers, Inc. has made this disclosure public to adhere to transparency standards. The information disclosed allows investors and market participants to have a better understanding of the ownership structure and trading activities related to LXi REIT plc.

    It is important to note that this disclosure does not imply any recommendation or endorsement of LXi REIT plc by Cohen & Steers, Inc. It simply reflects the firm’s current holdings and trading activities. As always, investors should conduct their own research and analysis before making any investment decisions.

    FAQ Section:

    Q: What stake does Cohen & Steers, Inc. own in LXi REIT plc?
    A: Cohen & Steers, Inc. owns a 3.42% stake in LXi REIT plc.

    Q: How many relevant securities of LXi REIT plc does Cohen & Steers, Inc. currently hold?
    A: Cohen & Steers, Inc. currently holds 58,641,740 relevant securities of LXi REIT plc.

    Q: Has Cohen & Steers, Inc. entered into any stock-settled derivative positions or agreements related to LXi REIT plc securities?
    A: No, Cohen & Steers, Inc. has not entered into any stock-settled derivative positions or agreements related to LXi REIT plc securities.

    Q: What recent purchases of LXi REIT plc securities did Cohen & Steers, Inc. make?
    A: Cohen & Steers, Inc. acquired 635,166 securities at a price of 1.0257 GBP per unit, 861 securities at a price of 1.0280 GBP per unit, 305,000 securities at a price of 1.0319 GBP per unit, and 2,007,426 securities at a price of 1.0351 GBP per unit.

    Q: What does this disclosure reveal?
    A: This disclosure reveals the ownership and trading activities of Cohen & Steers, Inc. in LXi REIT plc, indicating its confidence in the company and its investment strategy in the real estate sector.

    Q: Why did Cohen & Steers, Inc. make this disclosure?
    A: Cohen & Steers, Inc. made this disclosure to adhere to transparency standards and provide investors and market participants with a better understanding of the ownership structure and trading activities related to LXi REIT plc.

    Q: Does this disclosure imply a recommendation or endorsement of LXi REIT plc by Cohen & Steers, Inc.?
    A: No, this disclosure does not imply any recommendation or endorsement of LXi REIT plc by Cohen & Steers, Inc. It simply reflects the firm’s current holdings and trading activities.

    Definitions:
    – Investment management firm: A company that manages investments on behalf of clients, such as individuals or organizations.
    – Stake: The percentage of ownership or interest in a company or asset.
    – Securities: Financial instruments representing ownership or debt obligations, such as stocks or bonds.
    – Real estate investment trust (REIT): A company that owns, operates, or finances income-generating real estate.
    – Rule 8.3 of the Takeover Code: A regulation that requires disclosure of significant ownership positions in companies during takeover situations.
    – Stock-settled derivative positions: Financial contracts whose value is derived from the value of an underlying asset, such as stocks, which are settled using stocks rather than cash.

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    Cohen & Steers, Inc.
    LXi REIT plc