An article in Sunday's Business section misreported the ownership position of Legg Mason Inc. shares of Baltimore Bancorp.
A mutual fund directed by Legg Mason owns about 540,000 shares, and Legg Mason customers hold about 700,000 shares in individual accounts. The shares in the individual accounts are voted, for purposes of electing Baltimore Bancorp directors, by the individual clients. Legg Mason's fund managers vote the shares in the mutual fund.
The Sun regrets the error.