Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington , D.C. 20549
SCHEDULE13G
Under the Securities Exchange Act of 1934
(Amendment No. _ 16_ )*
PENNSYLVANIA REIT
(Name of Issuer)
Series D - Preferred Stock
(Title of Class of Securities)
709102701
(CUSIP Number)
200 SOUTH BROAD STREET 3rd FLOOR PHILADELPHIA, PA 19102
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
4/7/2021
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
The remainder of this cover page shall be filled out for
a reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent a
mendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover
page shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act
(however , see the Notes).
CUSIP No. 709102701
I. NAMES OF REPORTING PERSONS
Cygnus Capital, Inc.
I.R.S. IDEN TI FICATION NOS . OF ABOVE PERSONS (ENTITIES ONLY)
62-1758632
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Wyoming
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5. SOLE VOTING POWER
244,009
6. SHARED VOTING POWER
0
7. SOLE DISPOSITIVE POWER
244,009
8. SHARED DISPOSITIVE POWER
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,009
I0. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions) N/A
11 . PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.880%
1 2. TYPE OF REPORTING PERSON (see instructions)
CO
CUSIP No. 709102701
Item 1.
(a) Name of Issuer:
Pennsylvania REIT
(b) Address of Issuer's Principal
Executive Offices:
200 SOUTH BROAD STREET 3rd FLOOR
PHILADELPHIA, PA 19102
Item 2.
(a) Name of Person Filing:
Cygnus Capital, Inc.
(b) Address of the Principal Office or,
if none, residence:
3060 Peachtree Road NW, Suite 1080
Atlanta, GA 30305
(c) Citizenship:
USA
(d) Title of Class of Securities:
Series D - Preferred Stock
(e) CUSIP Number
709102701
Item 3. If this statement is filed pursuant to
240.13d-1(b) or 240.13d-2(b) or (c) ,
check whether the person
filing is a:
(a) [ ] Broker or dealer
registered under section
1 5 of the Act ( 1 5 U.S.C. 780).
(b) [ ] Bank as defined in section 3(a)(6) of the Act ( 1 5 U.S.C. 78c).
(c) [ ] Insurance company
as defined in
section 3(a)( 1 9) of the
Act ( 1 5 U.S.C. 78c).
(d) [ ] Investment company registered
under section 8 of the Investment
Company Act of 1940 ( 1 5 U.S.C. 80a-8).
(e) [ ] An investment adviser in
accordance with *240.1 3d- l(b )( l )(ii )( E):
(f) [ ] An employee benefit plan or endowment
fund in accordance with 240.1 3d- I (b)( I )(ii)(F):
(g) [ ] A parent holding company or
control person in accordance with
240. I 3d- l (b)( I )(ii)(G):
(h) [ ] A savings associations as detined
in Section 3(b) of the Federa l Deposit
Insurance Act (1 2 U.S.C. 1 81 3):
(i) [ ] A church plan that is excluded
from the definition of an investment
company under section 3(c)( I) of the
Investment Company Act of 1940
( 1 5 U.S.C. 80a-3):
(j) [ ] Group, in accordance with 240. I 3d- I (b)( I )(ii )(J) .
Item 4. Ownership.
Provide the following information regarding the aggregate
number and percentage of the class of securities of the
issuer identified in Item 1.
(a) Amount beneficially owned: 244,009
(b) Percentage of class: 4.880%
(c) Number of shares as to which the person has: 244,009
(i) Sole power to vote or to direct the vote
0
(ii) Shared power to vote or to direct the vote
0
(iii) Sole power to dispose or direct the disposition of:
244,009
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the
fact that as of the date hereof the reporting
person has ceased to be the beneficial owner of more than five percent
of the class of securities, check the following [ ]
Instruction. Dissolution of a group requires a response to this item.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
NO
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on
By the Parent Holding Company. N/A
Item 8. Identification and Classification of Members of the Group. N/A
Item 9. Notice of Dissolution of Group. N/A
Item 10. Certification.
(a) The following certitication shall be included i f't he
stat ement is fi led pur suant to 240. 1 3d- l (b) :
By signi ng be low I cert i tY that. lo the best of m y
knowledge and beli ef. th e secur ities referred to abo ve we re acquired
and are held in th e ordinary co urse of busi ness and
were not acquired and are not held for the purp ose of or with th e
effect of changi ng or i n flu enci ng the cont rol of the issuer
of the secur i t ies and were not acqu i red and are not held in
conn ection wi th or as a partici pant in any tran sact ion havi ng
that purpose or effec t.
(b) The followi ng certification shall be i nclud ed if
th e statement is fi led pur suant to 240. 1 3d- l (c):
By signi ng below I cert il )' that. lo th e best ofmy
knowledge and belief. the secur i ties referred to above were not
acqu i red and are not held for th e purp ose of or with the effect of
changi ng or i nflu encin g the control of th e iss uer of the
secur i ties and were not acquir ed and are not held in connection
wi th or as a partici pant in any transaction havin g that
purpo se or effect.
CUSIP No. 709102701
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this
statement is true, complete and correct.
Date: 4/7/2021
Signature: /s/Christopher Swann
Name/Title: Christopher Swann - CEO