Egis Asset Management Reduces Stake in Shinhan Seobu T&D REIT from 15.31% to 12.52%

Egis Asset Management reduced its stake in Shinhan Seobu T&D REIT by 1,607,450 shares during the second quarter of 2026 through net selling and exercise of convertible bonds.
As of the reporting date, the ownership ratio of specific securities decreased to 12.52% and common shares to 11.67%, down 2.79%p and 1.28%p respectively from the previous report.
Part of the convertible bonds were converted into new shares and listed, with remaining convertible bonds representing 599,700 shares.
The total outstanding shares of the issuer remain at 61,417,965 shares.
[AI Summary]This report formally confirms a reduction in major shareholder stake, limiting short-term overhang pressure, but the remaining 599,700 shares in convertible bonds pose potential dilution risk. Given the market cap of approximately 228.5 billion KRW at a stock price of 3,720 KRW, the stake change is not large enough to cause significant price impact.