Form 4: UBS Group AG Reports Indirect Acquisition of Gabelli Dividend & Income Trust Auction Preferred Stock
SEC Form 4 Filing
UBS Group AG reports an indirect acquisition of Auction Preferred Stock in Gabelli Dividend & Income Trust through its subsidiaries.
Summary
- UBS Group AG filed a Form 4 indicating changes in beneficial ownership of Gabelli Dividend & Income Trust (GDV) securities.
- The report details an indirect acquisition of Auction Preferred Stock by UBS subsidiaries.
- On June 26, 2024, UBS acquired 19 shares of Auction Preferred Stock at a price of $25,000.
- The shares are held indirectly by a subsidiary of UBS Group AG.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders or entities holding more than 10% of a company's shares. This filing indicates UBS Group AG's indirect holding in Gabelli Dividend & Income Trust.
Stakeholder Impact
- The filing informs shareholders of changes in ownership structure, specifically the indirect acquisition by UBS Group AG.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date of transaction: Indirect acquisition of Auction Preferred Stock. |
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