SCHEDULE: Donald Smith & Co. Discloses 6.57% Stake in Cool Co Ltd.

Donald Smith & Co., Inc. and its affiliates have reported a passive beneficial ownership of 6.57% in Cool Co Ltd.'s common stock.

Summary

• Donald Smith & Co., Inc., DSCO Value Fund, L.P., and Jon Hartsel collectively reported beneficial ownership of 3,472,090 shares of Cool Co Ltd. common stock.
• This aggregate ownership represents 6.57% of the total outstanding common stock of Cool Co Ltd.
• The filing is a Schedule 13G, indicating a passive investment intent, meaning the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Donald Smith & Co., Inc. holds sole voting power over 3,249,366 shares and sole dispositive power over 3,438,166 shares.
• DSCO Value Fund, L.P. holds sole voting power over 33,624 shares and sole dispositive power over 33,624 shares.
• Jon Hartsel holds sole voting power over 300 shares and sole dispositive power over 300 shares.
• Donald Smith & Co., Inc. acts as an investment advisor, with the ultimate power to direct dividends and sale proceeds vested in its institutional clients, none of whom own more than 5% of the class.

Sentiment

Score: 5

Explanation: Neutral, as this is a standard disclosure of a passive ownership stake, neither inherently positive nor negative for the company's operational performance.

Positives

• The disclosure of a significant passive stake by a reputable investment firm like Donald Smith & Co., Inc. may be interpreted by the market as a vote of confidence in Cool Co Ltd.'s long-term value.

Negatives

• The filing does not contain any information that would be considered negative regarding Cool Co Ltd.'s operational or financial performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership. The presence of a notable institutional investor might be viewed positively by other investors, potentially influencing market perception.

Key Dates

Keywords

Cool Co Ltd, Donald Smith & Co., DSCO Value Fund, Jon Hartsel, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment