TowerView LLC Amends Capital Properties Stake (SC 13G/A)

TL;DR

**TowerView LLC just updated its stake in Capital Properties, watch for ownership changes.**

AI Summary

TowerView LLC, a Delaware-based entity, filed an Amendment No. 16 to its Schedule 13G on January 4, 2024, indicating a change in its beneficial ownership of Capital Properties, Inc. /RI/ Class A Common Stock as of December 31, 2023. This filing, under Rule 13d-1(c), updates previous disclosures regarding TowerView LLC's stake in the real estate company. This matters to investors because significant changes in ownership by large holders like TowerView LLC can signal shifts in confidence or strategy, potentially influencing stock price or future corporate actions.

Why It Matters

Changes in major shareholder positions can signal shifts in investor confidence or potential strategic moves, which can impact the stock's perceived value and future direction.

Risk Assessment

Risk Level: low — This filing is a routine update of beneficial ownership and does not inherently indicate a high level of risk.

Analyst Insight

Investors should monitor future 13G/A filings from TowerView LLC to track any further changes in their ownership percentage, as significant increases or decreases could signal a shift in their investment thesis for Capital Properties, Inc.

Key Numbers

• 140430109 — CUSIP Number (identifies Capital Properties, Inc. Class A Common Stock)
• 16 — Amendment Number (indicates this is the sixteenth amendment to the original Schedule 13G filing)
• 005-06037 — SEC File Number (identifies Capital Properties, Inc. with the SEC)

Key Players & Entities

• TowerView LLC (company) — the reporting person filing the SC 13G/A
• Capital Properties, Inc. /RI/ (company) — the issuer of the Class A Common Stock
• Delaware (place) — place of organization for TowerView LLC
• December 31, 2023 (date) — date of event requiring the filing
• January 4, 2024 (date) — date the filing was made

Forward-Looking Statements

• TowerView LLC will continue to be a significant passive investor in Capital Properties, Inc. (TowerView LLC) — high confidence, target: 2025-01-04
• Capital Properties, Inc. will continue its operations as a real estate company. (Capital Properties, Inc. /RI/) — high confidence, target: 2025-01-04

FAQ

Filing Documents

• ef20017961_sc13ga.htm (SC 13G/A) — 44KB
• 0001140361-24-000571.txt ( ) — 45KB

(a)

Item 1(a) Name of Issuer: Capital Properties, Inc. (the "Issuer")

(b)

Item 1(b) Address of Issuer's Principal Executive Offices: 5 Steeple Street Providence, RI 02903

(a)

Item 2(a) Name of Person Filing: TowerView LLC

(b)

Item 2(b) Address of Principal Business Office or, if none, Residence: 460 Park Avenue New York, New York 10022

(c)

Item 2(c) Citizenship: Delaware

(d)

Item 2(d) Title of Class of Securities: Class A Common Stock, $.01 par value

(e)

Item 2(e) CUSIP Number: 140430109 Item 3. If this statement is filed pursuant to 240.13d-1(b) or (c), check whether the person filing is a: N/A (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d1(b)(1)(ii)(G); Page 3 of 5 Pages (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a3); (j) A group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4. As of December 31, 2023, TowerView had sole voting power and sole investment power with respect to 577,400 shares of Class A Common Stock, $.01 par value, or 8.7% of the 6,599,912 shares that were reported as outstanding by the Issuer as of September 30, 2023. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. N/A Item 6. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of

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View this SC 13G/A filing on SEC EDGAR