One of Hanover Capital Mortgage Holdings Inc.'s largest institutional shareholders announced an effort Wednesday to buy control of the New York-based real estate investment trust.

Demeter Asset Management Inc. of Greenwich, Conn., filed a schedule 13D form, which is required of anyone taking ownership of 5% or more of a public company, with the Securities and Exchange Commission on June 2. It updated its filing Wednesday to report additional share purchases and, more importantly, to state its intent to take control of Hanover.

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