Page 4 of 5 – SEC Filing CUSIP No. 000000000 13G Page 4 of 5 Pages
Item 4. Ownership.
Provide the following information regarding
the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 621,947 (b) Percent of class: 9.01% (c) Number of shares as to which the person has: 00,000 (i) Sole power to vote or to direct the vote 583,747. (ii) Shared power to vote or to direct the vote 0. (iii) Sole power to dispose or to direct the disposition of 621,947. (iv) Shared power to dispose or to direct the disposition of 0.
Instruction. For computations regarding
securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
Item 5. Ownership of Five Percent
or Less of a Class.
If
this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following ☐.
Instruction. Dissolution of a group requires
a response to this item.
Item 6. Ownership of More than
Five Percent on Behalf of Another Person.
The shares reported herein are held by various separately managed account clients (“Managed Accounts”)
and certain funds (the “Funds”) under the management of International Value Advisers, LLC (“IVA”), an investment
adviser registered under the Investment Advisers Act of 1940. IVA is deemed to be the beneficial of 621,947 shares representing
9.0% of the preferred stock outstanding held by the Managed Accounts and Funds. IVA Worldwide Fund, an investment company registered
under the Investment Company Act of 1940, as amended, owns 399,222 representing 5.8% of the preferred stock outstanding. No other
person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale
of, shares other than the Managed Accounts and Funds.
Item 7. Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
N/A
Item 8. Identification and Classification
of Members of the Group.
N/A
Item 9. Notice of Dissolution
of Group.
N/A
Item 10. Certification.
(a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. (b) The following certification shall be included if the statement is filed pursuant to §240.13d-1(c): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
| CUSIP No. 000000000 | 13G | Page 4 of 5 Pages | ||
Item 4. Ownership.
Provide the following information regarding
the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned: 621,947 | |||
| (b) | Percent of class: 9.01% | |||
| (c) | Number of shares as to which the person has: 00,000 | |||
| (i) | Sole power to vote or to direct the vote 583,747. | |||
| (ii) | Shared power to vote or to direct the vote 0. | |||
| (iii) | Sole power to dispose or to direct the disposition of 621,947. | |||
| (iv) | Shared power to dispose or to direct the disposition of 0. | |||
Instruction. For computations regarding
securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
Item 5. Ownership of Five Percent
or Less of a Class.
If
this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following ☐.
Instruction. Dissolution of a group requires
a response to this item.
Item 6. Ownership of More than
Five Percent on Behalf of Another Person.
The shares reported herein are held by various separately managed account clients (“Managed Accounts”)
and certain funds (the “Funds”) under the management of International Value Advisers, LLC (“IVA”), an investment
adviser registered under the Investment Advisers Act of 1940. IVA is deemed to be the beneficial of 621,947 shares representing
9.0% of the preferred stock outstanding held by the Managed Accounts and Funds. IVA Worldwide Fund, an investment company registered
under the Investment Company Act of 1940, as amended, owns 399,222 representing 5.8% of the preferred stock outstanding. No other
person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale
of, shares other than the Managed Accounts and Funds.
Item 7. Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
N/A
Item 8. Identification and Classification
of Members of the Group.
N/A
Item 9. Notice of Dissolution
of Group.
N/A
Item 10. Certification.
| (a) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): | |||
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. | ||||
| (b) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(c): | |||
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. | ||||
