SCHEDULE: Royal Bank of Canada Discloses 6.28% Stake in WEC Preferred Stock

Royal Bank of Canada has reported a 6.28% beneficial ownership stake in Wisconsin Electric Power Company's 3.6% Serial Preferred Stock.

Summary

• Royal Bank of Canada (RBC) has filed a Schedule 13G, disclosing its beneficial ownership in Wisconsin Electric Power Company's 3.6% Serial Preferred Stock.
• RBC beneficially owns 16,329 shares of the preferred stock.
• This ownership represents 6.28% of the class of securities.
• RBC holds shared voting power and shared dispositive power over all 16,329 shares.
• The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Subsidiaries involved include RBC Capital Markets, LLC (broker-dealer), City National Rochdale, LLC (investment advisor), and RBC Trust Company (Delaware) Limited (beneficially owns less than one percent).

Sentiment

Score: 5

Explanation: This is a neutral, factual disclosure of beneficial ownership. It does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing is a routine disclosure of a passive investment by a financial institution in a utility company's preferred stock, which is common for institutional investors seeking stable income streams. It does not indicate any significant shift in industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: This filing indicates a significant institutional holder of preferred stock, which can contribute to market stability for that specific security. It does not directly impact common shareholders' equity or voting power.

Key Dates

Keywords

Royal Bank of Canada, Wisconsin Electric Power Company, Preferred Stock, Beneficial Ownership, Schedule 13G, WEC Energy Group, Utility Sector