Income Fund of America decreased shareholding in EDP
Income Fund of America decreased shareholding in EDP
Pursuant to the terms and for the purposes of article 244 of the Portuguese Securities code and of the CMVM Regulation 5/2008, EDP - Energias de Portugal, S.A. (“EDP”) is providing the following information to the market:
On November 30th, 2017, Income Fund of America (“IFA”) notified EDP that, in accordance with article 20 of the Portuguese Securities Code, it decreased its shareholding to 70,650,307 ordinary shares of EDP, which corresponds to 1.9321% of EDP’s share capital and of the respective voting rights.
IFA is a mutual fund registered in the United States under the investment Company Act of 1940. IFA has granted proxy voting authority to Capital Research and Management Company, its investment adviser. Therefore, shares held by IFA are also imputable to Capital Research and Management Company although IFA is the direct owner of shares.
Capital Research and Management Company is a US-based investment adviser that manages the American Funds family of mutual funds.
The total of shares held directly by IFA decreased below the 2.00% level of EDP’s share capital on November 29th, 2017.
The previously known IFA’s shareholding of 2.0017% of EDP’s share capital was disclosed to EDP by The Capital Group Companies Inc. in August 17th, 2017, being later disclosed by EDP to the market in August 22th, 2017.
EDP – Energias de Portugal. S.A.