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Investor group lowers stake in Capital Bank Financial to less than 10%
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Followingan exchange of shares, Crestview Partners II GP LP's beneficial ownership ofCharlotte, N.C.-based CapitalBank Financial Corp.'s outstanding voting Class A common stock isdown to under 10%.
Capital BankFinancial on July 15 issued 300,000 shares of Class B non-voting common stockto Crestview-NAFH LLC, an affiliate of Crestview Partners II, in exchange for300,000 shares of Crestview-NAFH LLC's voting Class A common stock, accordingto a Form 8-K filed July 18.