SCHEDULE: Royal Bank of Canada Discloses Stake in Wisconsin Electric Power

Royal Bank of Canada has filed a Schedule 13G, reporting beneficial ownership of 19,103 shares of Wisconsin Electric Power Company's 3.6% Serial Preferred Stock, representing 7.35% of the class.

Summary

• Royal Bank of Canada (RBC) has filed an amendment to its Schedule 13G, indicating its beneficial ownership of Wisconsin Electric Power Company's 3.6% Serial Preferred Stock.
• RBC now beneficially owns 19,103 shares of this preferred stock.
• This holding represents 7.35% of the total class of securities.
• RBC holds shared voting power and shared power to dispose of these shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a routine disclosure of beneficial ownership by an institutional investor and does not inherently signal positive or negative performance for the issuer.

Positives

• Royal Bank of Canada's filing provides transparency regarding its investment in Wisconsin Electric Power Company's preferred stock.
• The holding of 7.35% suggests a significant, though not controlling, investment position.

Negatives

• The filing does not contain information that would be considered negative for the company itself, as it is a disclosure of ownership by a financial institution.

Risks

• As a holder of preferred stock, Royal Bank of Canada's investment is subject to the financial health and dividend-paying capacity of Wisconsin Electric Power Company.
• Changes in interest rates could impact the value of fixed-rate preferred stock.

Future Outlook

The filing itself is a disclosure of current ownership and does not contain forward-looking statements or guidance from Wisconsin Electric Power Company. Royal Bank of Canada's future outlook regarding this investment would depend on its own investment strategy and the performance of Wisconsin Electric Power Company.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."
• "Royal Bank of Canada Signature:/s/ Terry Fallon Name/Title:Managing Director Date:05/14/2026"

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by Royal Bank of Canada, a major financial institution, indicates a significant passive investment in Wisconsin Electric Power Company's preferred stock. Such filings are common for institutional investors managing large portfolios and are crucial for market transparency regarding significant shareholdings.

Stakeholder Impact

• Shareholders of Wisconsin Electric Power Company: The filing provides transparency on a significant institutional holder, which can be viewed positively by the market.
• Creditors of Wisconsin Electric Power Company: The stability of the company is indirectly reflected in the investment decisions of institutions like RBC.
• Royal Bank of Canada: The investment represents a component of its broader portfolio management strategy.

Next Steps

• Royal Bank of Canada will continue to hold or manage its investment in Wisconsin Electric Power Company's preferred stock according to its investment strategy.
• Wisconsin Electric Power Company will continue its operations and financial reporting as usual.

Key Dates

Keywords

Schedule 13G, Wisconsin Electric Power Company, Royal Bank of Canada, Preferred Stock, Beneficial Ownership, SEC Filing, Investment Holding, Securities Exchange Act