Pacific Investment Management Co Llc - Sep 24, 2021 Form 4 Insider Report for Clear Channel Outdoor Holdings, Inc. (CCO)

Role: 10%+ Owner
Signature: By: /s/ Jason Nagler, Senior Vice President
Stock symbol: CCO
Transactions as of: Sep 24, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/25/2021, 07:35 PM
Previous filing: Sep 21, 2021
Next filing: Oct 1, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCO	Common Stock	Other		+623K	+0.59%		105M	Sep 24, 2021	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the termination of a discretionary sub-advisory agreement with respect to entities and accounts for which the Reporting Person is the investment adviser. Under that sub-advisory agreement, a third party sub-advisor had control over the investments of those entities and accounts. As a result of the termination of that sub-advisory agreement, the Reporting Person now has control over investments made by those entities and accounts.
F2	The Reporting Person is the investment adviser to certain investment advisory clients and discretionary accounts that hold the shares reported herein. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest therein.

Content

Reflects the termination of a discretionary sub-advisory agreement with respect to entities and accounts for which the Reporting Person is the investment adviser. Under that sub-advisory agreement, a third party sub-advisor had control over the investments of those entities and accounts. As a result of the termination of that sub-advisory agreement, the Reporting Person now has control over investments made by those entities and accounts.

The Reporting Person is the investment adviser to certain investment advisory clients and discretionary accounts that hold the shares reported herein. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest therein.