Why One Fund Made a $19 Million Bet on Four Corners Property Trust Even as Shares Fell 15%

Boston-based Callodine Capital Management disclosed a new stake in Four Corners Property Trust (NYSE:FCPT) valued at $18.67 million, according to a November 13 SEC filing.According to a filing with the U.S. Securities and Exchange Commission dated November 13, Callodine Capital Management established a new position in Four Corners Property Trust (NYSE:FCPT) during the third quarter. The fund reported ownership of 765,275 shares valued at $18.67 million as of September 30, marking an initial disclosure of this security in its quarterly 13F report.This new position in FCPT represents 1.64% of Callodine’s total reportable 13F assets as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool