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TRX Palliser urges Samsung to launch US ADR listing to narrow preferred stock discount
Activist hedge fund Palliser Capital has called on Samsung Electronics to issue American depositary receipts in the US and use the proceeds to repurchase preferred shares, according to a Bloomberg report cited by Hedgeweek. Palliser founder James Smith outlined the proposal at the Sohn San Francisco Investment Conference, arguing it could improve capital efficiency and unlock shareholder value. Samsung's preferred shares currently trade at a discount of more than 20% to its ordinary shares in South Korea, despite a record shareholder-return programme announced in August.
Why “Unverified”
- Reported by Hedgeweek alone, with no second source or primary confirmation yet
1 independent source group across 1 post · evidence score 48/100. How labels work
What the sources claim
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Palliser Capital has called on Samsung Electronics to issue US-listed ADRs and use the proceeds to repurchase preferred shares.
“Activist hedge fund Palliser Capital has called on Samsung Electronics to issue American depositary receipts (ADRs) in the US and use the proceeds to repurchase preferred shares”
Hedgeweek -
Palliser founder James Smith outlined the proposal at the Sohn San Francisco Investment Conference on Tuesday.
“Palliser founder and Chief Investment Officer James Smith outlined the proposal at the Sohn San Francisco Investment Conference on Tuesday”
Hedgeweek -
Samsung's preferred shares trade at a discount of more than 20% to its ordinary shares in South Korea.
“Samsung's preferred shares currently trade at a discount of more than 20% to its ordinary shares in South Korea”
Hedgeweek -
Samsung announced a record shareholder-return programme in August.
“despite the company announcing a record shareholder-return programme in August”
Hedgeweek -
Palliser proposed that Samsung issue ADRs at a premium to its Korean-listed shares and direct the proceeds towards additional preferred-share buybacks and cancellations.
“Palliser proposed that Samsung issue ADRs at a premium to its Korean-listed shares and direct the proceeds towards additional preferred-share buybacks and cancellations”
Hedgeweek
Sources
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-15 11:50 UTC. Labels are computed from the sources, not by the model.