Thrivent Buys $6M of ARDC Series E Preferred, Series B Redeemed
ARDC is trading near its 52-week low of $11.6 (3.8% above the low) on light trading volume (0.3× avg).
Summary
Thrivent Financial for Lutherans bought $6 million of ARDC Series E preferred shares while its Series B preferred shares were redeemed for $9 million.
Key Events · Ownership and Investor Activity · ARDC
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Series E Preferred Purchase
Thrivent Financial for Lutherans acquired 240,000 Series E Mandatory Redeemable Preferred Shares at $25.00 per share for $6,000,000 on September 14, 2026.
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Series B Preferred Redemption
Thrivent's 360,000 Series B Mandatory Redeemable Preferred Shares were redeemed by the issuer at $25.00 per share for $9,000,000 on September 15, 2026, as previously announced.
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Net Preferred Exposure
The combined transactions result in a net $3 million reduction in Thrivent's preferred share holdings, with remaining Series C and D holdings totaling 560,000 shares.
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Prior Disclosure Context
The Series B redemption was previously disclosed in an N-23C-2 filing on August 14, 2026; the Series E purchase is a new transaction.
Analysis · ARDC · Unknown
Thrivent Financial for Lutherans, a 10% owner, purchased $6 million of Series E Mandatory Redeemable Preferred Shares at $25.00 per share on September 14, 2026. The same day, its 360,000 Series B preferred shares were redeemed by the issuer at $25.00 per share for $9 million, as previously announced on August 14. The net effect is a $3 million reduction in Thrivent's preferred exposure, but the new Series E purchase signals continued confidence in ARDC's preferred structure.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 29.7% of the 1745 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.34%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ARDC was trading at $12.04 on NYSE in the Unknown sector, with a market capitalization of approximately $288.6M. The 52-week trading range was $11.60 to $14.93. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.