Cincinnati Bell 2015 Annual Report Download - page 33

Principal Shareholders
The following table sets forth the beneficial ownership of common shares as of December 31,
2015 (except as otherwise noted) by each beneficial owner of more than five percent (5%) of the
common shares and 6 3/4% Cumulative Convertible Preferred shares outstanding known by the
Company.
Name and Address of Beneficial Owner
Common Shares
Beneficially
Owned
Percent of
Common Shares
63/4%
Convertible
Preferred
Shares
Beneficially
Owned
Percent of
63/4%
Convertible
Preferred
Shares
GAMCO Investors, Inc. and
affiliates ...................... 25,926,170 (a) 12.37% 11,002 (b) 7.09%
One Corporate Center
Rye, NY 10580
BlackRock, Inc. .................. 24,751,244 (c) 11.80% * *
55 East 52nd Street
New York, NY 10055
The Vanguard Group ............. 22,962,406 (d) 10.94% * *
100 Vanguard Blvd.
Malvern, PA 19355
Pinnacle Associates, Ltd. .......... 11,698,338 (e) 5.50% * *
335 Madison Avenue, Suite 1100
New York, NY 10017
* Indicates ownership of less than 1% of the issued and outstanding class of shares
(a) As reported on Schedule 13D/A filed on December 4, 2014 by GAMCO Investors, Inc., as of December 3,
2014, Gabelli Funds, LLC has sole voting and dispositive power for 10,846,849 common shares, GAMCO
Asset Management Inc. has sole voting power for 13,227,914 common shares and sole dispositive power for
13,982,365 common shares, MJG Associates, Inc. has sole voting and dispositive power for 30,000 common
shares, Mario J. Gabelli has sole voting and dispositive power for 7,000 common shares, Teton Advisors Inc.
has sole voting and dispositive power for 750,005 common shares, Gabelli Securities, Inc. has sole voting and
dispositive power for 301,551 common shares and GAMCO Investors Inc. has sole voting and dispositive
power for 8,400 common shares. The amounts reported on Schedule 13D/A include a number of shares with
respect to which Gabelli Funds, LLC and GAMCO Asset Management Inc. have the right to beneficial
ownership upon the conversion of the Company’s 6 3/4% Cumulative Convertible Preferred Shares.
(b) As indicated in Schedule 13D/A filed on December 4, 2014 by GAMCO Investors, Inc., as of December 3,
2014, GAMCO Asset Management Inc. and Gabelli Funds, LLC owned in the aggregate a number of 6 3/4%
Cumulative Convertible Preferred Shares that would convert into 220,049 common shares if converted. Based
upon the conversion rate of 20 to 1, the Schedule 13D/A filing indicated ownership of approximately 11,002
63/4% Cumulative Convertible Preferred Shares. The Company has 155,250 6 3/4% Cumulative Convertible
Preferred Shares outstanding. As noted on page 65, each 6 3/4% Cumulative Convertible Preferred Share is
entitled to one vote.
(c) As reported on Schedule 13G/A filed on January 8, 2016 by BlackRock, Inc., as of December 31, 2015,
BlackRock, Inc. has sole voting power for 24,228,787 common shares and sole dispositive power for
24,751,244 common shares.
(d) As reported on Schedule 13G/A filed on February 11, 2016 by The Vanguard Group, as of December 31,
2015, The Vanguard Group has sole voting power for 274,221 common shares and sole dispositive power for
22,672,814 common shares. The Vanguard Group has shared voting power for 27,800 common shares and
shared dispositive power for 289,592 common shares.
(e) As reported on Schedule 13G filed on February 10, 2016 by Pinnacle Associates, Ltd., as of December 31,
2015, Pinnacle Associates Ltd. has shared voting and dispositive power for 11,698,338 common shares.
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Proxy Statement