CHICAGO–(BUSINESS WIRE)–RMB Capital (“RMB”), a Chicago-based independent investment advisory firm, is a long-term shareholder of Musashi Co., Ltd. (7521 JP, “Musashi”) and owns approximately 5% of the firm’s total outstanding shares.
RMB had filed a shareholder proposal (Proposal #4) for Musashi’s 99th annual general shareholders meeting, held on June 26, 2020, to buy back common stock of 61,000 shares, maximum 100 million yen. Despite the limited number of minority shareholders at the firm, RMB’s proposal gained 14.3% support from attending shareholders.
RMB intends to keep engaging with Musashi’s management to improve the shareholder value.
About RMB Capital
Headquartered in Chicago, RMB Capital is an independent investment advisory firm that serves high-net-worth individuals and families as well as institutional investors. Its businesses include wealth management, family office services, asset management, and retirement plan consulting. Its asset management business specializes in long-term, concentrated, active investing strategies with coverage that spans the market-cap spectrum and the globe. To learn more about RMB, visit https://rmbcapital.com.