The head of Berkshire Hathaway Inc. disclosed in documents thatthe 5.06% passive investment in the San Diego-based real estateinvestment trust is equal to more than 1.6 million commonshares.
Details about when the shares were purchased or at what priceswere not revealed in the filing. But the revelation had an effecton the company¹s stock price: Burnham Pacific shares closed up 30cents to $5.23 Wednesday on the New York Stock Exchange.
The company announced last week that it will make a distributionof $1.25 per share to its common stockholders as a result of theliquidation and sale of eight properties to a joint venture led byaffiliates of PO'B Montgomery & Co. and Apollo Real EstateAdvisors.
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