Yakira Capital Management Reports 9.2% Stake in Seritage Growth Properties (SRG) Preferred Shares

Yakira Capital Management, Inc., along with its affiliated funds and controlling person Bruce M. Kallins, filed a Schedule 13G/A on April 7, 2026, reporting a 9.2% ownership stake in Seritage Growth Properties (SRG). The filing indicates that the reporting group beneficially owns 257,618 shares of the 7.00% Series A cumulative redeemable preferred shares. This position is primarily held through MAP 136 Segregated Portfolio (193,216 shares or 6.9%) and Yakira Partners, L.P. (64,402 shares or 2.3%). Bruce M. Kallins, as the controlling shareholder of the Investment Manager, maintains sole voting and dispositive power over the total 257,618 shares. The filing marks an increase from a previously reported 0.0% position, representing a new significant holding for the group. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer.