MBIA Inc (NYSE:MBI): Emanuel J. Friedman’s EJF Capital filed an amended 13D.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| EJF Capital | 0 | 7,125,000 | 0 | 7,125,000 | 7,125,000 | 5.7% |
| Emanuel J. Friedman | 0 | 7,125,000 | 0 | 7,125,000 | 7,125,000 | 5.7% |
| EJF Debt Opportunities Master Fund | 0 | 5,225,194 | 0 | 5,225,194 | 5,225,194 | 4.2% |
| EJF Debt Opportunities GP | 0 | 5,225,194 | 0 | 5,225,194 | 5,225,194 | 4.2% |
| EJF Debt Opportunities Master Fund II | 0 | 609,806 | 0 | 609,806 | 609,806 | 0.5% |
| EJF Debt Opportunities II GP | 0 | 609,806 | 0 | 609,806 | 609,806 | 0.5% |
| EJF Income Fund | 0 | 40,000 | 0 | 40,000 | 40,000 | 0.03% |
| EJF Income GP | 0 | 40,000 | 0 | 40,000 | 40,000 | 0.03% |
| EJF Financial Services Fund | 0 | 1,250,000 | 0 | 1,250,000 | 1,250,000 | 1.0% |
| EJF Financial Services GP | 0 | 1,250,000 | 0 | 1,250,000 | 1,250,000 | 1.0% |
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Page 1 of 7 – SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
| MBIA Inc. |
(Name of Issuer)
| Common Stock, par value $1.00 per share |
(Title of Class of Securities)
| 55262C100 |
(CUSIP Number)
| October 17, 2017 |
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
ý Rule 13d-1(c)
¨ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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Page 2 of 7 – SEC Filing
| CUSIP No. 55262C100 | 13G |
| 1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) EJF Capital LLC | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) ☐ (b) ☒ |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
| NUMBER OF SHARES | 5 | SOLE VOTING POWER 0 |
| BENEFICIALLY OWNED BY | 6 | SHARED VOTING POWER 7,125,000 |
| EACH REPORTING | 7 | SOLE DISPOSITIVE POWER 0 |
| PERSON WITH | 8 | SHARED DISPOSITIVE POWER 7,125,000 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,125,000 |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)o |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.7% (1) |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA |
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Page 3 of 7 – SEC Filing
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: October 26, 2017
| EJF CAPITAL LLC | |||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
| EMANUEL J. FRIEDMAN | |||
| By: | /s/ Emanuel J. Friedman | ||
| Name: | Emanuel J. Friedman | ||
| EJF DEBT OPPORTUNITIES MASTER FUND, L.P. | |||
| By: Its: | EJF DEBT OPPORTUNITIES GP, LLC General Partner | ||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
| EJF DEBT OPPORTUNITIES GP, LLC | |||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
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Page 4 of 7 – SEC Filing
| EJF FINANCIAL SERVICES FUND, LP | |||
| By: Its: | EJF FINANCIAL SERVICES GP, LLC General Partner | ||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
| EJF FINANCIAL SERVICES GP, LLC | |||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
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Page 5 of 7 – SEC Filing
EXHIBIT A
The undersigned, EJF Capital LLC, a Delaware limited liability company, Emanuel J. Friedman, EJF Debt Opportunities Master Fund, L.P., an exempted limited partnership organized under the laws of the Cayman Islands, EJF Debt Opportunities GP, LLC, a Delaware limited liability company, EJF Debt Opportunities Master Fund II, LP, an exempted limited partnership organized under the laws of the Cayman Islands, EJF Debt Opportunities II GP, LLC, a Delaware limited liability company, EJF Income Fund, LP, a Delaware limited partnership, EJF Income GP, LLC, a Delaware limited liability company, EJF Financial Services Fund, LP, a Delaware limited partnership, and EJF Financial Services GP, LLC, a Delaware limited liability company, hereby agree and acknowledge that the information required by this Schedule 13G, to which this Agreement is attached as an exhibit, is filed on behalf of each of them. The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them.
Dated: October 26, 2017
| EJF CAPITAL LLC | |||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
| EMANUEL J. FRIEDMAN | |||
| By: | /s/ Emanuel J. Friedman | ||
| Name: | Emanuel J. Friedman | ||
| EJF DEBT OPPORTUNITIES MASTER FUND, L.P. | |||
| By: Its: | EJF DEBT OPPORTUNITIES GP, LLC General Partner | ||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
| EJF DEBT OPPORTUNITIES GP, LLC | |||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
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Page 6 of 7 – SEC Filing
| EJF DEBT OPPORTUNITIES MASTER FUND II, LP | |||
| By: Its: | EJF DEBT OPPORTUNITIES II GP, LLC General Partner | ||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
| EJF DEBT OPPORTUNITIES II GP, LLC | |||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
| EJF INCOME FUND, LP | |||
| By: Its: | EJF INCOME GP, LLC General Partner | ||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
| EJF INCOME GP, LLC | |||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
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Page 7 of 7 – SEC Filing
| EJF FINANCIAL SERVICES FUND, LP | |||
| By: Its: | EJF FINANCIAL SERVICES GP, LLC General Partner | ||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
| EJF FINANCIAL SERVICES GP, LLC | |||
| By: Its: | EJF CAPITAL LLC Sole Member | ||
| By: | /s/ Neal J. Wilson | ||
| Name: | Neal J. Wilson | ||
| Title: | Chief Operating Officer | ||
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