Series 24: Passive Beneficial Ownership: Schedule 13G

Taken from our Series 24 Online Guide

Passive Beneficial Ownership: Schedule 13G

Institutional investors who acquire beneficial ownership of more than 5% of a voting class of an issuer’s securities may use the less demanding Schedule 13G to report their acquisition, if they meet the following conditions:

• The purchase was made in the normal course of business.
• The purchaser does not intend to change control of the issuer’s business.

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