AGÕæÈ˹ٷ½

STOCK TITAN

[FWP] W.P. Carey Inc. (REIT) Free Writing Prospectus

Filing Impact
(No impact)
Filing Sentiment
(Neutral)
Form Type
FWP
Rhea-AI Filing Summary

Karpus Management, Inc. filed Amendment No. 2 to Schedule 13G for Eureka Acquisition Corp (EURKU) covering the event date 30 June 2025.

The registered investment adviser now reports beneficial ownership of 327,400 common shares, representing 4.28 % of the outstanding class. Karpus holds sole voting and dispositive power over the entire position and no shared power with other parties. Because the stake has fallen below the 5 % threshold, Karpus is no longer deemed a 5 % beneficial owner under Section 13(d) of the Exchange Act but remains subject to Rule 13d-1(b) reporting requirements.

The shares are held in discretionary advisory accounts managed by Karpus, which operates independently of its parent, City of London Investment Group plc, through established informational barriers. The filing affirms that the securities were acquired in the ordinary course of business and not for the purpose of influencing control of the issuer.

Implications for investors: the reduction slightly increases EURKU’s public float and removes Karpus from the list of significant 5 % holders, potentially diminishing expectations of activist involvement. Nonetheless, a 4.28 % position remains a meaningful minority interest that could provide ongoing institutional oversight.

Karpus Management, Inc. ha presentato l'Emendamento n. 2 al Modulo 13G per Eureka Acquisition Corp (EURKU) relativo alla data dell'evento 30 giugno 2025.

L'investment adviser registrato segnala ora una posizione beneficiaria di 327.400 azioni ordinarie, che rappresentano il 4,28% della classe in circolazione. Karpus detiene il pieno potere di voto e di disposizione sull'intera posizione e nessun potere condiviso con altre parti. Poiché la quota è scesa al di sotto della soglia del 5%, Karpus non è più considerato un beneficiario del 5% ai sensi della Sezione 13(d) dell'Exchange Act, ma resta soggetto agli obblighi di comunicazione previsti dalla Regola 13d-1(b).

Le azioni sono detenute in conti discrezionali di consulenza gestiti da Karpus, che opera in modo indipendente dalla sua controllante, City of London Investment Group plc, tramite barriere informative stabilite. Il deposito conferma che i titoli sono stati acquisiti nell'ordinaria attività commerciale e non con l'intento di influenzare il controllo dell'emittente.

Implicazioni per gli investitori: la riduzione aumenta leggermente il flottante pubblico di EURKU e rimuove Karpus dalla lista dei detentori significativi del 5%, riducendo potenzialmente le aspettative di un coinvolgimento attivista. Tuttavia, una posizione del 4,28% rimane un interesse di minoranza significativo che potrebbe garantire una supervisione istituzionale continua.

Karpus Management, Inc. presentó la Enmienda No. 2 al Anexo 13G para Eureka Acquisition Corp (EURKU) correspondiente a la fecha del evento 30 de junio de 2025.

El asesor de inversiones registrado informa ahora una propiedad beneficiaria de 327,400 acciones comunes, que representan el 4.28% de la clase en circulación. Karpus tiene el poder exclusivo de voto y disposición sobre toda la posición y ningún poder compartido con otras partes. Debido a que la participación ha caído por debajo del umbral del 5%, Karpus ya no se considera un propietario beneficiario del 5% según la Sección 13(d) de la Ley de Intercambio, pero sigue sujeto a los requisitos de reporte de la Regla 13d-1(b).

Las acciones se mantienen en cuentas discrecionales de asesoría gestionadas por Karpus, que opera independientemente de su matriz, City of London Investment Group plc, mediante barreras informativas establecidas. La presentación afirma que los valores fueron adquiridos en el curso ordinario del negocio y no con el propósito de influir en el control del emisor.

Implicaciones para los inversores: la reducción aumenta ligeramente el flotante público de EURKU y elimina a Karpus de la lista de tenedores significativos del 5%, lo que podría disminuir las expectativas de participación activista. No obstante, una posición del 4.28% sigue siendo un interés minoritario significativo que podría proporcionar supervisión institucional continua.

Karpus Management, Inc.ëŠ� 2025ë…� 6ì›� 30ì� 기준 ì´ë²¤íŠ¸ì— ëŒ€í•� Eureka Acquisition Corp (EURKU)ì� Schedule 13G 수정ì•� 2호를 제출했습니다.

등ë¡ë� íˆ¬ìž ìžë¬¸ì‚¬ëŠ” ì´ì œ 327,400ì£� ë³´í†µì£¼ì— ëŒ€í•� 실질 소유ê¶�ì� 보고하며, ì´ëŠ” 발행 주ì‹ì� 4.28%ì—� 해당합니ë‹�. KarpusëŠ� ì „ì²´ ì§€ë¶„ì— ëŒ€í•� ë‹¨ë… ì˜ê²°ê¶� ë°� 처분 권한ì� 보유하고 있으ë©�, 다른 당사ìžì™€ ê³µë™ ê¶Œí•œì€ ì—†ìŠµë‹ˆë‹¤. ì§€ë¶„ì´ 5% 기준ì„� 아래ë¡� 떨어ì§ì— ë”°ë¼ KarpusëŠ� ë� ì´ìƒ Exchange Act 13(d) ì¡°í•­ì—� 따른 5% 실질 소유주로 간주ë˜ì§€ 않지ë§�, Rule 13d-1(b) ë³´ê³  ìš”ê±´ì€ ê³„ì† ì ìš©ë©ë‹ˆë‹�.

주ì‹ì€ Karpusê°€ 관리하ëŠ� 재량 ìžë¬¸ 계좌ì—� 보유ë˜ì–´ 있으ë©�, KarpusëŠ� ëª¨íšŒì‚¬ì¸ City of London Investment Group plc와ëŠ� ì •ë³´ 장벽ì� 통해 ë…립ì ìœ¼ë¡� ìš´ì˜ë©ë‹ˆë‹�. 제출 서류ëŠ� ì¦ê¶Œì� ì •ìƒ ì˜ì—… 과정ì—서 ì·¨ë“ë˜ì—ˆìœ¼ë©° ë°œí–‰ì‚¬ì˜ ì§€ë°°ê¶Œì—� ì˜í–¥ì� 미치ê¸� 위한 목ì ì� 아님ì� 확ì¸í•©ë‹ˆë‹�.

투ìžìžì— 대í•� 시사ì �: ì´ë²ˆ ì§€ë¶� ê°ì†ŒëŠ� EURKUì� 공모 주ì‹ìˆ˜ë¥¼ 다소 늘리ê³� Karpusë¥� 5% 주요 보유ìž� 명단ì—서 제외시켜 í–‰ë™ì£¼ì˜ 개입 기대ë¥� 낮출 ìˆ� 있습니다. 그럼ì—ë„ ë¶ˆêµ¬í•˜ê³  4.28% ì§€ë¶„ì€ ê³„ì†í•´ì„œ ì˜ë¯¸ 있는 소수 지분으로서 ì§€ì†ì ì� 기관 ê°ì‹œ ì—­í• ì� í•� ìˆ� 있습니다.

Karpus Management, Inc. a déposé l'Amendement n° 2 au Schedule 13G pour Eureka Acquisition Corp (EURKU) couvrant la date de l'événement du 30 juin 2025.

Le conseiller en investissement enregistré déclare désormais une possession bénéficiaire de 327 400 actions ordinaires, représentant 4,28 % de la classe en circulation. Karpus détient le pouvoir exclusif de vote et de disposition sur l'intégralité de la position et aucun pouvoir partagé avec d'autres parties. Étant donné que la participation est tombée en dessous du seuil de 5 %, Karpus n'est plus considéré comme un détenteur bénéficiaire de 5 % en vertu de la Section 13(d) du Exchange Act, mais reste soumis aux obligations de déclaration de la Règle 13d-1(b).

Les actions sont détenues dans des comptes de conseil discrétionnaires gérés par Karpus, qui opère de manière indépendante de sa société mère, City of London Investment Group plc, grâce à des barrières d'information établies. Le dépôt confirme que les titres ont été acquis dans le cours normal des affaires et non dans le but d'influencer le contrôle de l'émetteur.

Implications pour les investisseurs : cette réduction augmente légèrement le flottant public de EURKU et retire Karpus de la liste des détenteurs significatifs de 5 %, ce qui pourrait diminuer les attentes d'une implication activiste. Néanmoins, une position de 4,28 % reste une participation minoritaire significative qui pourrait assurer une surveillance institutionnelle continue.

Karpus Management, Inc. hat die Änderung Nr. 2 zum Schedule 13G für Eureka Acquisition Corp (EURKU) eingereicht, bezogen auf das Ereignisdatum 30. Juni 2025.

Der registrierte Investmentberater meldet nun den wirtschaftlichen Eigentum an 327.400 Stammaktien, was 4,28 % der ausstehenden Aktienklasse entspricht. Karpus hält die alleinige Stimm- und Verfügungsgewalt über die gesamte Position und keine geteilte Macht mit anderen Parteien. Da der Anteil unter die 5 %-Schwelle gefallen ist, gilt Karpus nicht mehr als 5 %-wirtschaftlicher Eigentümer gemäß Abschnitt 13(d) des Exchange Act, unterliegt jedoch weiterhin den Meldepflichten gemäß Regel 13d-1(b).

Die Aktien werden in diskretionären Beratungsdepots gehalten, die von Karpus verwaltet werden, das unabhängig von seiner Muttergesellschaft City of London Investment Group plc durch etablierte Informationsbarrieren operiert. Die Meldung bestätigt, dass die Wertpapiere im normalen Geschäftsverlauf erworben wurden und nicht mit dem Ziel, die Kontrolle über den Emittenten zu beeinflussen.

Auswirkungen für Investoren: Die Reduzierung erhöht den Streubesitz von EURKU leicht und entfernt Karpus von der Liste der bedeutenden 5 %-Inhaber, was die Erwartungen an eine aktivistische Beteiligung verringern könnte. Dennoch bleibt eine Position von 4,28 % ein bedeutendes Minderheitsinteresse, das eine fortlaufende institutionelle Überwachung ermöglichen kann.

Positive
  • Enhanced transparency: Updated 13G/A provides investors with clear, timely data on institutional ownership.
Negative
  • Stake falls below 5 %: Karpusâ€� reduction removes a significant holder, hinting at recent sales and slightly diluting concentrated ownership.

Insights

TL;DR � Karpus drops to 4.28 %, exiting 5 % holder status; governance impact modest.

The amendment shows Karpus� stake now sits below the critical 5 % reporting threshold, signalling recent selling. While this reduces the probability of an activist campaign, Karpus retains sole voting control over a still-material block that can influence routine matters. The certification that shares are held in the ordinary course, plus independent control from its parent CLIG, further limits governance implications. Overall, the filing is more administrative than strategic but worth noting for ownership-structure tracking.

TL;DR � Slightly negative signal: institutional holder trims position, float rises.

For a SPAC like EURKU, concentrated holdings can support price stability. Karpus� reduction to 4.28 % adds incremental liquidity but may introduce mild selling pressure if the exit continues. Absence of intent to influence control suggests no near-term catalyst from this shareholder. Market impact should be limited unless further divestiture emerges.

Karpus Management, Inc. ha presentato l'Emendamento n. 2 al Modulo 13G per Eureka Acquisition Corp (EURKU) relativo alla data dell'evento 30 giugno 2025.

L'investment adviser registrato segnala ora una posizione beneficiaria di 327.400 azioni ordinarie, che rappresentano il 4,28% della classe in circolazione. Karpus detiene il pieno potere di voto e di disposizione sull'intera posizione e nessun potere condiviso con altre parti. Poiché la quota è scesa al di sotto della soglia del 5%, Karpus non è più considerato un beneficiario del 5% ai sensi della Sezione 13(d) dell'Exchange Act, ma resta soggetto agli obblighi di comunicazione previsti dalla Regola 13d-1(b).

Le azioni sono detenute in conti discrezionali di consulenza gestiti da Karpus, che opera in modo indipendente dalla sua controllante, City of London Investment Group plc, tramite barriere informative stabilite. Il deposito conferma che i titoli sono stati acquisiti nell'ordinaria attività commerciale e non con l'intento di influenzare il controllo dell'emittente.

Implicazioni per gli investitori: la riduzione aumenta leggermente il flottante pubblico di EURKU e rimuove Karpus dalla lista dei detentori significativi del 5%, riducendo potenzialmente le aspettative di un coinvolgimento attivista. Tuttavia, una posizione del 4,28% rimane un interesse di minoranza significativo che potrebbe garantire una supervisione istituzionale continua.

Karpus Management, Inc. presentó la Enmienda No. 2 al Anexo 13G para Eureka Acquisition Corp (EURKU) correspondiente a la fecha del evento 30 de junio de 2025.

El asesor de inversiones registrado informa ahora una propiedad beneficiaria de 327,400 acciones comunes, que representan el 4.28% de la clase en circulación. Karpus tiene el poder exclusivo de voto y disposición sobre toda la posición y ningún poder compartido con otras partes. Debido a que la participación ha caído por debajo del umbral del 5%, Karpus ya no se considera un propietario beneficiario del 5% según la Sección 13(d) de la Ley de Intercambio, pero sigue sujeto a los requisitos de reporte de la Regla 13d-1(b).

Las acciones se mantienen en cuentas discrecionales de asesoría gestionadas por Karpus, que opera independientemente de su matriz, City of London Investment Group plc, mediante barreras informativas establecidas. La presentación afirma que los valores fueron adquiridos en el curso ordinario del negocio y no con el propósito de influir en el control del emisor.

Implicaciones para los inversores: la reducción aumenta ligeramente el flotante público de EURKU y elimina a Karpus de la lista de tenedores significativos del 5%, lo que podría disminuir las expectativas de participación activista. No obstante, una posición del 4.28% sigue siendo un interés minoritario significativo que podría proporcionar supervisión institucional continua.

Karpus Management, Inc.ëŠ� 2025ë…� 6ì›� 30ì� 기준 ì´ë²¤íŠ¸ì— ëŒ€í•� Eureka Acquisition Corp (EURKU)ì� Schedule 13G 수정ì•� 2호를 제출했습니다.

등ë¡ë� íˆ¬ìž ìžë¬¸ì‚¬ëŠ” ì´ì œ 327,400ì£� ë³´í†µì£¼ì— ëŒ€í•� 실질 소유ê¶�ì� 보고하며, ì´ëŠ” 발행 주ì‹ì� 4.28%ì—� 해당합니ë‹�. KarpusëŠ� ì „ì²´ ì§€ë¶„ì— ëŒ€í•� ë‹¨ë… ì˜ê²°ê¶� ë°� 처분 권한ì� 보유하고 있으ë©�, 다른 당사ìžì™€ ê³µë™ ê¶Œí•œì€ ì—†ìŠµë‹ˆë‹¤. ì§€ë¶„ì´ 5% 기준ì„� 아래ë¡� 떨어ì§ì— ë”°ë¼ KarpusëŠ� ë� ì´ìƒ Exchange Act 13(d) ì¡°í•­ì—� 따른 5% 실질 소유주로 간주ë˜ì§€ 않지ë§�, Rule 13d-1(b) ë³´ê³  ìš”ê±´ì€ ê³„ì† ì ìš©ë©ë‹ˆë‹�.

주ì‹ì€ Karpusê°€ 관리하ëŠ� 재량 ìžë¬¸ 계좌ì—� 보유ë˜ì–´ 있으ë©�, KarpusëŠ� ëª¨íšŒì‚¬ì¸ City of London Investment Group plc와ëŠ� ì •ë³´ 장벽ì� 통해 ë…립ì ìœ¼ë¡� ìš´ì˜ë©ë‹ˆë‹�. 제출 서류ëŠ� ì¦ê¶Œì� ì •ìƒ ì˜ì—… 과정ì—서 ì·¨ë“ë˜ì—ˆìœ¼ë©° ë°œí–‰ì‚¬ì˜ ì§€ë°°ê¶Œì—� ì˜í–¥ì� 미치ê¸� 위한 목ì ì� 아님ì� 확ì¸í•©ë‹ˆë‹�.

투ìžìžì— 대í•� 시사ì �: ì´ë²ˆ ì§€ë¶� ê°ì†ŒëŠ� EURKUì� 공모 주ì‹ìˆ˜ë¥¼ 다소 늘리ê³� Karpusë¥� 5% 주요 보유ìž� 명단ì—서 제외시켜 í–‰ë™ì£¼ì˜ 개입 기대ë¥� 낮출 ìˆ� 있습니다. 그럼ì—ë„ ë¶ˆêµ¬í•˜ê³  4.28% ì§€ë¶„ì€ ê³„ì†í•´ì„œ ì˜ë¯¸ 있는 소수 지분으로서 ì§€ì†ì ì� 기관 ê°ì‹œ ì—­í• ì� í•� ìˆ� 있습니다.

Karpus Management, Inc. a déposé l'Amendement n° 2 au Schedule 13G pour Eureka Acquisition Corp (EURKU) couvrant la date de l'événement du 30 juin 2025.

Le conseiller en investissement enregistré déclare désormais une possession bénéficiaire de 327 400 actions ordinaires, représentant 4,28 % de la classe en circulation. Karpus détient le pouvoir exclusif de vote et de disposition sur l'intégralité de la position et aucun pouvoir partagé avec d'autres parties. Étant donné que la participation est tombée en dessous du seuil de 5 %, Karpus n'est plus considéré comme un détenteur bénéficiaire de 5 % en vertu de la Section 13(d) du Exchange Act, mais reste soumis aux obligations de déclaration de la Règle 13d-1(b).

Les actions sont détenues dans des comptes de conseil discrétionnaires gérés par Karpus, qui opère de manière indépendante de sa société mère, City of London Investment Group plc, grâce à des barrières d'information établies. Le dépôt confirme que les titres ont été acquis dans le cours normal des affaires et non dans le but d'influencer le contrôle de l'émetteur.

Implications pour les investisseurs : cette réduction augmente légèrement le flottant public de EURKU et retire Karpus de la liste des détenteurs significatifs de 5 %, ce qui pourrait diminuer les attentes d'une implication activiste. Néanmoins, une position de 4,28 % reste une participation minoritaire significative qui pourrait assurer une surveillance institutionnelle continue.

Karpus Management, Inc. hat die Änderung Nr. 2 zum Schedule 13G für Eureka Acquisition Corp (EURKU) eingereicht, bezogen auf das Ereignisdatum 30. Juni 2025.

Der registrierte Investmentberater meldet nun den wirtschaftlichen Eigentum an 327.400 Stammaktien, was 4,28 % der ausstehenden Aktienklasse entspricht. Karpus hält die alleinige Stimm- und Verfügungsgewalt über die gesamte Position und keine geteilte Macht mit anderen Parteien. Da der Anteil unter die 5 %-Schwelle gefallen ist, gilt Karpus nicht mehr als 5 %-wirtschaftlicher Eigentümer gemäß Abschnitt 13(d) des Exchange Act, unterliegt jedoch weiterhin den Meldepflichten gemäß Regel 13d-1(b).

Die Aktien werden in diskretionären Beratungsdepots gehalten, die von Karpus verwaltet werden, das unabhängig von seiner Muttergesellschaft City of London Investment Group plc durch etablierte Informationsbarrieren operiert. Die Meldung bestätigt, dass die Wertpapiere im normalen Geschäftsverlauf erworben wurden und nicht mit dem Ziel, die Kontrolle über den Emittenten zu beeinflussen.

Auswirkungen für Investoren: Die Reduzierung erhöht den Streubesitz von EURKU leicht und entfernt Karpus von der Liste der bedeutenden 5 %-Inhaber, was die Erwartungen an eine aktivistische Beteiligung verringern könnte. Dennoch bleibt eine Position von 4,28 % ein bedeutendes Minderheitsinteresse, das eine fortlaufende institutionelle Überwachung ermöglichen kann.

 

Issuer Free Writing Prospectus filed pursuant to Rule 433
supplementing the Preliminary Prospectus Supplement dated
July 7, 2025 and the Prospectus dated May 1, 2025
Registration No. 333-286885

 

W. P. CAREY INC.

Pricing Term Sheet

$400,000,000 4.650% Senior Notes due 2030

 

Issuer: W. P. Carey Inc.
Expected Ratings (Moody’s / S&P)*: Baa1 / BBB+
Security Type: Senior Unsecured Notes
Pricing Date: July 7, 2025
Settlement Date: July 10, 2025 (T+3); Under Rule 15c6-1 under the Securities Exchange Act, as amended, trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree otherwise.  Accordingly, purchasers who wish to trade the notes prior to the first business day preceding the closing date will be required, by virtue of the fact that the notes initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
Stated Maturity Date: July 15, 2030
Interest Payment Dates: January 15 and July 15, commencing January 15, 2026
Principal Amount: $400,000,000
Benchmark Treasury: UST 3.875% due June 30, 2030
Benchmark Treasury Price / Yield: 99-20 ¼ / 3.957%
Spread to Benchmark Treasury: +90 bps
Yield to Maturity: 4.857%
Coupon: 4.650% per year
Public Offering Price: 99.088% of the principal amount
Optional Redemption:   
Make-Whole Prior to June 15, 2030, at the Treasury Rate (as defined in the preliminary prospectus supplement) plus 15 basis points
Call: Par Call: On or after June 15, 2030
Denominations: $2,000 x $1,000
CUSIP / ISIN: 92936U AN9 / US92936UAN90
Joint Book-Running Managers: Wells Fargo Securities, LLC
BofA Securities, Inc.
Scotia Capital (USA) Inc.
Mizuho Securities USA LLC
Senior Co-Managers: BBVA Securities Inc.
PNC Capital Markets LLC
Regions Securities LLC
SMBC Nikko Securities America, Inc.
Co-Manager: Citizens JMP Securities, LLC

 

*Note: A securities rating is not a recommendation to buy, sell or hold securities. Ratings may be subject to revision or withdrawal at any time. Each securities rating should be evaluated independently of any other security rating.

 

 

 

 

No PRIIPs KID – No PRIIPs key information document (KID) has been prepared as the notes are not available to retail investors in the EEA.

 

No UK PRIIPs KID – No PRIIPs key information document (KID) has been prepared as the notes are not available to retail investors in the UK.

 

The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you make an investment decision, you should read the prospectus in that registration statement and other documents that the issuer has filed with the SEC, including the prospectus supplement relating to the notes, for more complete information about the issuer and this offering. You may get these documents for free by visiting the SEC’s website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement relating to the notes if you request it by contacting Wells Fargo Securities, LLC toll-free at 1-800-645-3751, BofA Securities, Inc. toll-free at 1-800-294-1322 or Scotia Capital (USA) Inc. toll free at 1-800-372-3930.

 

 

 

FAQ

How many Eureka Acquisition Corp (EURKU) shares does Karpus Management own?

Karpus reports beneficial ownership of 327,400 common shares.

What percentage of EURKU’s outstanding shares does this represent?

The stake equals 4.28 % of the outstanding common stock.

Does Karpus share voting or dispositive power over these shares?

No. The adviser holds sole voting and dispositive power and reports 0 % shared power.

Under which SEC rule is the Schedule 13G/A filed?

The filing is made pursuant to Rule 13d-1(b) for registered investment advisers.

What is the significance of falling below the 5 % ownership threshold?

Below 5 %, Karpus is no longer a statutory 5 % holder, reducing regulatory obligations and potential influence on control matters.
W.P. Carey Inc.

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