Converium Capital & Erez AM File 13D on Franklin Street Properties
Ticker: FSP · Form: SC 13D · Filed: Nov 5, 2024 · CIK: 1031316
Sentiment: neutral
Topics: 13D-filing, ownership-change, real-estate
Related Tickers: FSP
TL;DR
**Converium & Erez AM now own a chunk of FSP. Watch this space.**
AI Summary
Converium Capital Inc. and Erez Asset Management LLC, along with Eleazer Klein and Brandon Gold, have filed a Schedule 13D on November 5, 2024, concerning Franklin Street Properties Corp. The filing indicates a change in beneficial ownership of the company's common stock.
Why It Matters
This filing signals a significant stake taken by these entities in Franklin Street Properties, potentially leading to changes in corporate strategy or governance.
Risk Assessment
Risk Level: medium — A 13D filing often precedes activist investor actions, which can introduce uncertainty and volatility for the company and its shareholders.
Key Players & Entities
- Converium Capital Inc. (company) — Filer of Schedule 13D
- Erez Asset Management LLC (company) — Filer of Schedule 13D
- Eleazer Klein, Esq. (person) — Associated with the filing
- Brandon Gold (person) — Associated with the filing
- Franklin Street Properties Corp. (company) — Subject company of the filing
FAQ
What is the specific percentage of Franklin Street Properties Corp. common stock beneficially owned by Converium Capital Inc. and Erez Asset Management LLC?
The provided text does not specify the exact percentage of shares owned, only that a Schedule 13D has been filed, indicating beneficial ownership.
When was the change in beneficial ownership reported in this Schedule 13D filing?
The filing was made as of November 5, 2024, and the date of change in beneficial ownership is also listed as November 5, 2024.
What is the business address of Converium Capital Inc. as listed in the filing?
Converium Capital Inc.'s business address is 1250 RENE-LEVESQUE OUEST, SUITE 4030, MONTREAL, QUEBEC H3B 4W8.
What is the CUSIP number for Franklin Street Properties Corp. common stock?
The CUSIP number for Franklin Street Properties Corp. common stock is 35471R106.
Who are the named individuals associated with the filing, besides the corporate entities?
The named individuals are Eleazer Klein, Esq., and Brandon Gold.
Filing Stats: 3,576 words · 14 min read · ~12 pages · Grade level 12.8 · Accepted 2024-11-05 16:28:43
Key Financial Figures
- $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie
- $8,102,647.26 — um Reporting Persons used approximately $8,102,647.26 (including commissions) of the working
- $5,830,010.40 — ez Reporting Persons used approximately $5,830,010.40 (including commissions) of the working
Filing Documents
- p24-3236sc13d.htm (SC 13D) — 143KB
- p24-3236ex99.htm (EX-99.1) — 8KB
- 0000902664-24-006230.txt ( ) — 153KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete, and correct. DATE: November 5, 2024 CONVERIUM CAPITAL INC. By: /s/ Michael Rapps Name: Michael Rapps Title: Managing Partner /s/ Aaron Stern AARON STERN EREZ REIT OPPORTUNITIES LP By: EROF GP LLC By: /s/ Bruce Schanzer Name:Bruce Schanzer Title: Managing Member EREZ ASSET MANAGEMENT LLC By: /s/ Bruce Schanzer Name:Bruce Schanzer Title: Managing Member /s/ Bruce Schanzer BRUCE SCHANZER CUSIP No. 35471R106 Schedule 13D Page 12 of 15 Pages ANNEX A General Partners, Control Persons, Directors and Executive Officers of Certain Reporting Persons The following sets forth the name, position, address, principal occupation and citizenship or jurisdiction of organization of each general partner, control person, director and/or executive officer of the applicable Reporting Persons (the “ Instruction C Persons ”). To the best of the Reporting Persons’ knowledge, (i) none of the Instruction C Persons during the last five years has been convicted in a criminal proceeding (excluding traffic violations or other similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws and (ii) none of the Instruction C Persons owns any shares of Common Stock or is party to any contract or agreement as would require disclosure in this Schedule 13D, except as otherwise disclosed herein. Converium Name Title or Relationship with Converium Principal Occupation or Employment Citizenship or Jurisdiction of Organization Principal Place