First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly filed a Schedule 13G with the SEC on October 30, 2026, disclosing beneficial ownership of shares in Cardinal Infrastructure Group Inc. (Class A) as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Each of the three reporting persons disclosed beneficial ownership of 1,370,274 shares of Cardinal Infrastructure Group Inc. (Class A) common stock.
  • Percent of class: The 1,370,274 shares represent 6.71% of the class, according to the filing.
  • Shared dispositive power: All three reporting persons reported shared dispositive power over 1,370,274 shares; sole dispositive and sole voting power are each reported as 0.
  • Shared voting power: First Trust Advisors L.P. and The Charger Corporation each reported shared voting power over 1,363,732 shares; First Trust Portfolios L.P. reported shared voting power of 0.
  • Beneficial ownership disclaimed: The filing states that "each of First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation disclaims beneficial ownership of the shares of the issuer identified in this filing."
  • Triggering event date: The date of event requiring the filing was September 30, 2026.

First Trust Entities Report Joint Passive Holding in Cardinal Infrastructure Class A Common

According to the Schedule 13G filed October 30, 2026, the three Illinois-based reporting persons - First Trust Portfolios L.P. (a broker-dealer), First Trust Advisors L.P. (an investment adviser), and The Charger Corporation (a holding company) - jointly reported their positions in the Class A common stock of Cardinal Infrastructure Group Inc. (CUSIP 14154A102). The filing was made jointly pursuant to Rule 13d-1(k)(1). The Charger Corporation is identified in the filing as the general partner of both First Trust Portfolios L.P. and First Trust Advisors L.P.

The filing explains that First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts that hold shares of the issuer, and that First Trust Advisors L.P. serves as portfolio supervisor of those same unit investment trusts. The filing notes that First Trust Portfolios L.P. reported shared dispositive power of 6,542 shares in its individual schedule entry, reflecting shares held through unit investment trusts it sponsors directly. The remaining shares in the aggregate 1,370,274 total, according to the filing, represent shares held in other registered investment companies, pooled investment vehicles, and/or separately managed accounts for which First Trust Advisors L.P. serves as investment adviser or sub-adviser.

The filing further states that none of the three reporting persons holds voting power over the unit investment trust shares: "These shares are voted by the trustee of such unit investment trusts so as to insure that the shares are ordinarily voted as closely as possible in the same manner and in the same general proportion as are the shares held by owners other than such unit investment trusts." The filing certifies that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

Three affiliated Illinois entities jointly disclosed beneficial ownership of 1,370,274 shares, or 6.71%, of Cardinal Infrastructure Group Inc. Class A common stock as of September 30, 2026, held primarily through unit investment trusts and investment advisory accounts, with all three reporting persons disclaiming beneficial ownership.