By Furniture Today Staff -- Furniture Today, January 18, 2009
MONROE, Mich. —
An Illinois-based investment firm has acquired a 10.8% stake in La-Z-Boy in recent weeks, according to a filing with the Securities and Exchange Commission.
The firm, First Trust Portfolios, said it oversees several unit investment trusts that own shares in the furniture producer, but no single trust owns more than 5%.
According to the regulatory filing, First Trust has accumulated 5.57 million La-Z-Boy shares in various investment trusts.
In the filing, First Trust said the shares have been acquired for investment purposes only and said it is not part of any effort to gain control of the company.
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The High Point Market is marking its 100th anniversary this April.
To help celebrate this milestone, Furniture/Today presents some pictorial
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