Picton Mahoney Asset Management Increases Stake in Telephone and Data Systems, Inc.

Picton Mahoney Asset Management has filed an amendment to its Schedule 13G, disclosing an increased stake in Telephone and Data Systems, Inc. (TDS). The filing, dated October 15, 2025, reveals that Picton Mahoney now holds 1,360,000 depository shares, representing an 8.1% ownership in TDS. These shares are valued at approximately $52,577,600. The filing indicates that the shares were acquired in the ordinary course of business and not for the purpose of influencing the control of the issuer. Picton Mahoney Asset Management, based in Canada, is categorized as an Investment Fund Manager. The amendment was signed by Catrina Duong, Chief Compliance Officer, on October 14, 2025.