Beneficial ownership


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Beneficial ownership

Often used in risk arbitrage. Person who enjoys the benefits of ownership even though title is in another name. (Abused through the illegal use of a parking violation.)

Beneficial Ownership

The state of having effective ownership of a security without actually holding title to it. This especially refers to holding voter proxy or investment power over a share or transaction, whether directly or indirectly. See also: Double-dip lease.
References in periodicals archive ?
Each equity unit will consist of a contract to purchase NextEra Energy common stock in the future and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc.
The rights can be generally exercised only if a person or group acquires beneficial ownership (including through derivatives) of 10% (or 20% for certain passive institutional investors) or more of its common stock or commences a tender or exchange offer upon consummation of which such person or group would beneficially own 10% or more of the stock.
Immediately prior to the closing of the Acquisition (the 'Closing'): (i) PC did not have beneficial ownership of, or control or direction over, any securities of Flowr and (ii) Rosaleen McQuaid ('RM'), the spouse of PD, had beneficial ownership of, or control or direction of, 177,760 Common Shares and 88,880 Common Share purchase warrants of Flowr (each Common Share purchase warrant, a 'Warrant'), representing approximately 0.18% of the issued and outstanding Common Shares on a non-diluted basis and approximately 0.26% of the issued and outstanding Common Shares on a partially diluted basis, assuming the exercise of the Warrants.
Such beneficial ownership may be determined on the basis of the following:
Following the transaction Matthew Moore had beneficial ownership of 19,251,953 Ackroo Shares (including the 16,743,907 Ackroo Shares registered to M3 Rebel), representing 25.32 % of the then-issued and outstanding Ackroo Shares, and joint control and direction with Jacqueline Moore over the 2,508,046 Ackroo Shares registered to Jacmat, representing 3.30% of the then-issued and outstanding Ackroo Shares.
'Companies are being used in these cases to cloud the eyes of the enforcement agencies and to legalise their financial gains and or to use their companies to get financial gains without having to reveal their involvement in the companies,'' she said in her keynote address at the United Nations Office on Drugs and Crime Regional Workshop on Promoting Beneficial Ownership Transparency in Southeast Asia here.
He said clause four would also amend section three with the aim to extend the payment of transfer duty in the transaction whereby transfer of shares in companies results in beneficial ownership of any immovable property.
Photis Peter Pascali, had increased his beneficial ownership in the Company to 52.82% from 50.37%, an increase of approximately 2.5%.
Doing so requires a national beneficial ownership registry, which should be made available only to law enforcement agencies with proper Congressional oversight and professionals that can be held accountable for misuse or mishandling of the registry.
The entities generated trading volumes without any change of beneficial ownership, thereby creating an appearance of artificial trading, Securities and Exchange Board of India (SEBI) said.
But corporate governance in certain key areas, mainly beneficial ownership, was significantly weak.
'A key goal for policy-makers has been the necessity to identify beneficial ownership in multi-country financial transactions to protect against money laundering, terrorist financing and tax evasion, which have besieged developed and developing countries alike.