SCHEDULE: Ameriprise Financial Reports 5% Stake in AES Corp

Ameriprise Financial, Inc. has disclosed a 5.0% beneficial ownership stake in The AES Corporation's common stock as of September 30, 2025.

Summary

• Ameriprise Financial, Inc. (AFI) reported beneficial ownership of 35,331,084 shares of The AES Corporation's Common Stock.
• This stake represents 5.0% of the total class of securities.
• AFI holds shared voting power over 25,448,077 shares.
• AFI holds shared dispositive power over 35,331,084 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of The AES Corporation.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that inherently indicates a positive or negative sentiment regarding the issuer's performance or outlook. It is a neutral reporting of an institutional stake.

Positives

• Ameriprise Financial, Inc. has taken a significant 5.0% stake in The AES Corporation, indicating institutional confidence.
• The acquisition of shares was made in the ordinary course of business, suggesting a long-term investment perspective rather than an activist stance.

Negatives

• No specific negative information is disclosed in this beneficial ownership filing.

Risks

• No specific risks related to The AES Corporation or Ameriprise Financial's investment are detailed in this beneficial ownership filing.

Future Outlook

This filing does not provide any forward-looking statements or guidance regarding The AES Corporation's future performance or Ameriprise Financial's investment strategy beyond the current beneficial ownership.

Industry Context

The disclosure of a significant 5.0% stake by a major financial institution like Ameriprise Financial in a utility and infrastructure company such as The AES Corporation is a routine event in the financial markets. It signals institutional interest and can be viewed as a vote of confidence in the company's long-term prospects, aligning with broader trends of institutional investment in stable, dividend-paying sectors.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may increase investor confidence and potentially influence trading activity.
• Company Management: Awareness of a large institutional holder may influence strategic decisions, though the filing states the stake is not for control purposes.

Key Dates

Keywords

Ameriprise Financial, AES Corporation, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Equity Stake