Redwood Capital discloses 19.7% stake in Office Properties Income Trust
Redwood Capital Management and affiliated entities disclosed beneficial ownership of 4,324,000 shares, or 19.7%, of Office Properties Income Trust, acquired in connection with the issuer's emergence from bankruptcy. Under the company's Fourth Amended and Restated Bylaws, Redwood Capital has the right to designate up to two trustees to the board so long as it owns 10% or more of outstanding shares, and is entitled to appoint a non-voting board observer if it owns 15% or more. Jonathan Kolatch was appointed to the board as Redwood Capital's designee effective on the emergence date.
Key facts
- Redwood Capital and affiliates own 4,324,000 shares (19.7% of class)
- Stake acquired in connection with issuer's emergence from bankruptcy
- Right to designate up to two trustees while owning ≥10% of shares; one trustee while owning ≥5%
- Board observation rights if Redwood Capital owns ≥15% of shares
- Jonathan Kolatch appointed to board as Redwood Capital designee on emergence date
- Reporting persons reserve right to acquire additional shares or dispose of shares in public or private markets
Why it matters
Redwood Capital's near-20% stake and contractual board designation rights give it significant influence over Office Properties' strategy, including participation in shareholder votes, board elections, and major corporate transactions, at a company that recently emerged from bankruptcy restructuring.
Developing story
- SCHEDULE 13D
- NT 10-Q
- SCHEDULE 13Dthis filing
Share
Derived from SCHEDULE 13D filed 2026-06-25. Not investment advice. View the source filing on SEC.gov →