Sec Form 13D Filing - BROOKFIELD Corp filing for TRANSALTA CORP CANADA (TAC) - 2020-11-04

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D/A

(Amendment No. 3)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

TransAlta Corporation

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

89346D107

(CUSIP Number)

Justin B. Beber

Brookfield Asset Management Inc.

Brookfield Place

181 Bay Street, Suite 300

Toronto, Ontario M5J 2T3

(416) 363-9491

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

November 2, 2020

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 

 


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

BROOKFIELD ASSET MANAGEMENT INC.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

ONTARIO

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY   EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

33,189,365

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

33,189,365

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

33,189,365

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.1%(1)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    CO                  

 

(1)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

PARTNERS LIMITED

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

ONTARIO

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY   EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

33,189,365

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

33,189,365

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

33,189,365

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.1%(2)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    CO                  

 

(2)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

EAGLE CANADA COMMON HOLDINGS LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

WC

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

ONTARIO

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY   EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

13,667,702

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

13,667,702

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

13,667,702

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.0%(3)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    PN                  

 

(3)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  2
  1  

NAMES OF REPORTING PERSONS

 

BIF IV EAGLE NR CARRY LP

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

WC

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

ONTARIO

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY   EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

19,521,663

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

19,521,663

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

19,521,663

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

7.1%(4)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    PN                  

 

(4)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

BIF IV LTIP CANADA SPLITTER LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

ONTARIO

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY   EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

19,521,663

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

19,521,663

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

19,521,663

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

7.1%(5)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    PN                  

 

(5)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

BIF IV CDN SPLIT LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

ONTARIO

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

33,189,365

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

33,189,365

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

33,189,365

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.1%(6)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    PN                  

 

(6)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

BIF IV CDN GP LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

ONTARIO

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

33,189,365

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

33,189,365

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

33,189,365

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.1%(7)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    PN                  

 

(7)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

BIF IV CDN GP LTD.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

ONTARIO

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY   EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

33,189,365

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

33,189,365

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

33,189,365

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.1%(8)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    CO                  

 

(8)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

BIG HOLDINGS LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

MANITOBA

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY   EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

33,189,365

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

33,189,365

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

33,189,365

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.1%(9)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    PN                  

 

(9)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

BROOKFIELD INFRASTRUCTURE GROUP LIMITED

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

ONTARIO

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY   EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

33,189,365

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

33,189,365

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

33,189,365

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.1%(10)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    CO                  

 

(10)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

BAM INFRASTRUCTURE GROUP L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

MANITOBA

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY   EACH  

REPORTING  

PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

33,189,365

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

33,189,365

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

33,189,365

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.1%(11)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    PN                  

 

(11)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.


CUSIP No. 89346D107

 

  1  

NAMES OF REPORTING PERSONS

 

BAM LIMITED

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐    (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

AF

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

ONTARIO

NUMBER OF   SHARES   BENEFICIALLY   OWNED BY  

EACH  

REPORTING   PERSON  

WITH  

        7       

SOLE VOTING POWER

 

        8   

SHARED VOTING POWER

 

33,189,365

        9   

SOLE DISPOSITIVE POWER

 

      10   

SHARED DISPOSITIVE POWER

 

33,189,365

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

33,189,365

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.1%12)

14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

    CO                  

 

(12)

Percentage ownership is based on an aggregate number of outstanding common shares of the Issuer of 274.2 million as of November 3, 2020.

 


EXPLANATORY NOTE

This Amendment No. 3 (this “Amendment No. 3”) to Schedule 13D is being filed to (i) reflect an amendment and restatement, dated as of November 2, 2020, of the Margin Loan Agreement, dated as of September 9, 2019, between Eagle Canada Common Holdings LP and BIF IV Eagle NR Carry LP, as Borrowers, Bank of Montreal as lender and BMO Nesbitt Burns Inc. as the calculation agent and (ii) reflect that Eagle Canada Common Holdings LP and BIF IV Eagle NR Carry LP (collectively, the “Purchaser Reporting Persons”) have acquired, in aggregate, an additional 1,704,482 common shares (the “Common Shares”) in the capital of TransAlta Corporation (the “Issuer”) on the Toronto Stock Exchange in open market purchases (the “Additional Purchases”) for aggregate cash consideration of C$13,087,155 (excluding brokerage commission and director compensation shares), at prices between C$7.52 per Common Share and C$8.00 per Common Share, or received through grants of Common Shares awarded as director compensation to the Reporting Persons’ director nominees currently serving on the Issuer’s board of directors in accordance with the terms of the Investment Agreement.

Information reported and defined terms used in the original Schedule 13D remain in effect, unless they are amended or superseded by information or defined terms contained in this Amendment No. 3.

 

Item 2.

Identity and Background.

Item 2 of the original Schedule 13D is hereby amended and supplemented as follows:

Schedules I, II and III hereto set forth an updated list of the directors and executive officers of Brookfield, Partners and BAM Limited (to be included as Scheduled Persons), and their respective principal occupations, addresses, and citizenships.

 

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 of original Schedule 13D is hereby supplemented as follows:

The Purchaser Reporting Persons acquired the additional 1,704,482 Common Shares in the open market for an aggregate consideration of C$13,087,155 (excluding brokerage commission and director compensation shares) or received through grants of Common Shares awarded as director compensation to the Reporting Persons’ director nominees currently serving on the Issuer’s board of directors in accordance with the terms of the Investment Agreement. All purchases of Common Shares in open market transactions were funded from available liquidity.

The Additional Purchases were completed in accordance with the investment intention of the Reporting Persons in the Issuer and the agreements related thereto, as described in the original Schedule 13D.

 

Item 5.

Interest in Securities of the Issuer.

Sections (a), (b), and (c) of Item 5 of the original Schedule 13 are hereby amended and restated as follows:

(a)-(b) The aggregate number and percentage of Common Shares held by the Reporting Persons to which this Schedule 13D relates is 33,189,365 shares, constituting approximately 12.1% of the Issuer’s currently outstanding Common Shares. The percentage of Common Shares of the Issuer is based on an aggregate number of Common Shares of the Issuer of 274.2 million as of November 3, 2020, based on Issuer’s Form 6-K dated November 4, 2020.

 

(i)

Eagle Canada

 

  (a)

Eagle Canada may be deemed the beneficial owner of 13,667,702 Common Shares, constituting a percentage of approximately 5.0%


  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 13,667,702 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 13,667,702 Common Shares

 

(ii)

BIF IV Eagle

 

  (a)

BIF IV Eagle may be deemed the beneficial owner of 19,521,663 Common Shares, constituting a percentage of approximately 7.1%

 

  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 19,521,663 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 19,521,663 Common Shares

 

(iii)

BIF IV LTIP

 

  (a)

BIF IV LTIP may be deemed the beneficial owner of 19,521,663 Common Shares, constituting a percentage of approximately 7.1%

 

  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 19,521,663 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 19,521,663 Common Shares

 

(iv)

BIF IV Cdn

 

  (a)

BIF IV Cdn may be deemed the beneficial owner of 33,189,365 Common Shares, constituting a percentage of approximately 12.1%

 

  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 33,189,365 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 33,189,365 Common Shares

 

(v)

BIF IV Cdn GP

 

  (a)

BIF IV Cdn GP may be deemed the beneficial owner of 33,189,365 Common Shares, constituting a percentage of approximately 12.1%

 

  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 33,189,365 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 33,189,365 Common Shares


(vi)

BIF IV Cdn GP Ltd

 

  (a)

BIF IV Cdn GP Ltd may be deemed the beneficial owner of 33,189,365 Common Shares, constituting a percentage of approximately 12.1%

 

  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 33,189,365 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 33,189,365 Common Shares

 

(vii)

BIG Holdings

 

  (a)

BIG Holdings may be deemed the beneficial owner of 33,189,365 Common Shares, constituting a percentage of approximately 12.1%

 

  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 33,189,365 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 33,189,365 Common Shares

 

(viii)

BIGL

 

  (a)

BIGL may be deemed the beneficial owner of 33,189,365 Common Shares, constituting a percentage of approximately 12.1%

 

  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 33,189,365 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 33,189,365 Common Shares

 

(ix)

BIG LP

 

  (a)

BIG LP may be deemed the beneficial owner of 33,189,365 Common Shares, constituting a percentage of approximately 12.1%

 

  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 33,189,365 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 33,189,365 Common Shares

 

(x)

BAM Limited

 

  (a)

BAM Limited may be deemed the beneficial owner of 33,189,365 Common Shares, constituting a percentage of approximately 12.1%


  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 33,189,365 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 33,189,365 Common Shares

 

(xi)

Brookfield

 

  (a)

Brookfield may be deemed the beneficial owner of 33,189,365 Common Shares, constituting a percentage of approximately 12.1%

 

  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 33,189,365 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 33,189,365 Common Shares

 

(xii)

Partners

 

  (a)

Partners may be deemed the beneficial owner of 33,189,365 Common Shares, constituting a percentage of approximately 12.1%

 

  (b)

Sole voting power to vote or direct vote: 0 Common Shares

Shared voting power to vote or direct vote: 33,189,365 Common Shares

Sole power to dispose or direct the disposition: 0 Common Shares

Shared power to dispose or direct the disposition: 33,189,365 Common Shares

 

  (c)

Schedule IV filed herewith, which is incorporated herein by reference, describes all of the transactions in the Common Shares that were effected in the past 60 days by the Reporting Persons.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 of the original Schedule 13D is hereby supplemented as follows:

On November 2, 2020, BIF IV Eagle and Eagle Canada, as borrowers, Bank of Montreal as lender and BMO Nesbitt Burns Inc. as the calculation agent, amended and restated the Margin Loan Agreement (the “A&R Margin Loan Agreement”) to, among other things, increase the borrowing limit to C$200,000,000. As of November 4, 2020, up to 33,132,606 Common Shares were subject to the pledge under the security agreements in connection with the A&R Margin Loan Agreement.

 

Item 7.

Materials to Be Filed as Exhibits.

Exhibit 99.5 A&R Margin Loan Agreement


SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

November 4, 2020     EAGLE CANADA COMMON HOLDINGS LP, by its general partner BIF IV CDN SPLIT LP, by its general partner BIF IV CDN GP LP, by its general partner BIF IV CDN GP LTD.
    By:   /s/ Adrienne Moore
     

Name:  Adrienne Moore

     

Title:   Vice-President

    BIF IV EAGLE NR CARRY LP, by its general partner BIF IV LTIP CANADA SPLITTER LP, by its gene ral partner BIF IV CDN SPLIT LP, by its general partner BIF IV CDN GP LP, by its general partner BIF IV CDN GP LTD.
    By:   /s/ Adrienne Moore
     

Name:  Adrienne Moore

     

Title:   Vice-President

    BIF IV LTIP CANADA SPLITTER LP, by its general partner BIF IV CDN SPLIT LP, by its general partner BIF IV CDN GP LP, by its general partner BIF IV CDN GP LTD.
    By:   /s/ Adrienne Moore
     

Name:  Adrienne Moore

     

Title:   Vice-President

    BIF IV CDN SPLIT LP, by its general partner BIF IV CDN GP LP, by its general partner BIF IV CDN GP LTD.
    By:   /s/ Adrienne Moore
     

Name:  Adrienne Moore

     

Title:   Vice-President

    BIF IV CDN GP LP, by its general partner BIF IV CDN GP LTD.
    By:   /s/ Adrienne Moore
     

Name:  Adrienne Moore

     

Title:   Vice-President


    BIF IV CDN GP LTD.
    By:   /s/ Adrienne Moore
     

Name:  Adrienne Moore

     

Title:   Vice-President

    BIG HOLDINGS LP, by its general partner BROOKFIELD INFRASTRUCTURE GROUP LIMITED
    By:   /s/ James Rickert
     

Name:  James Rickert

     

Title:   President

    BROOKFIELD INFRASTRUCTURE GROUP LIMITED
    By:   /s/ James Rickert
     

Name:  James Rickert

     

Title:   President

    BAM INFRASTRUCTURE GROUP L.P., by its general partner BAM LIMITED
    By:   /s/ Kathy Sarpash
     

Name:  Kathy Sarpash

     

Title:   Vice-President and Secretary

    BAM LIMITED
    By:   /s/ Kathy Sarpash
     

Name:  Kathy Sarpash

     

Title:   Vice-President and Secretary

    BROOKFIELD ASSET MANAGEMENT INC.
    By:   /s/ Kathy Sarpash
     

Name:  Kathy Sarpash

     

Title:   Senior Vice-President

    PARTNERS LIMITED
    By:   /s/ Brian D. Lawson
     

Name:  Brian D. Lawson

     

Title:   President


SCHEDULE I

BROOKFIELD ASSET MANAGEMENT INC.

 

Name and Position of

Officer or Director

  

Principal Business Address

  

Principal Occupation or
Employment

  

Citizenship

M. Elyse Allan, Director    181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3, Canada    Corporate Director    Canada and U.S.A.
Justin B. Beber, Managing Partner, Head of Corporate Strategy and Chief Legal Officer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Head of Corporate Strategy and Chief Legal Officer, Brookfield    Canada

Jeffrey M. Blidner,

Vice Chair and Director

   181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3, Canada    Vice Chair, Brookfield    Canada
Angela F. Braly, Director    832 Alverna Drive, Indianapolis, Indiana 46260, U.S.A.    Corporate Director    U.S.A.
Jack L. Cockwell, Director    51 Yonge Street, Suite 400, Toronto, Ontario, M5E 1J1, Canada    Chair of Brookfield Partners Foundation    Canada
Marcel R. Coutu, Director   

c/o Suite 1210, 225 – 6th Ave. S.W.

Calgary, Alberta, T2P 1N2, Canada

   Corporate Director    Canada

Maureen Kempston Darkes,

Director

   10 Avoca Avenue, Unit 1904, Toronto, Ontario M4T 2B7, Canada    Corporate Director    Canada
Janice Fukakusa, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Corporate Director    Canada
Murilo Ferreira, Director   

Rua General Venãncio Flores, 50 Cob. 01, Leblon, Rio de Janeiro

RJ 22441-090

   Former Chief Executive Officer, Vale SA    Brazil
J. Bruce Flatt, Director, Managing Partner and Chief Executive Officer    One Canada Square, Level 25 Canary Wharf, London E14 5AA U.K.    Managing Partner and Chief Executive Officer, Brookfield    Canada
Nicholas H. Goodman, Managing Partner and Chief Financial Officer    181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3, Canada    Managing Partner and Chief Financial Officer, Brookfield    United Kingdom
Brian W. Kingston, Managing Partner, Chief Executive Officer Real Estate    250 Vesey Street, 15th Floor, New York, NY 10281-1023, U.S.A.    Managing Partner, Chief Executive Officer Real Estate, Brookfield    Canada
Brian D. Lawson, Vice Chair and Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice Chair and Director, Brookfield    Canada


Cyrus Madon, Managing Partner,

Chief Executive Officer Private Equity

   181 Bay Street, Suite300, Toronto, Ontario M5J 2T3, Canada    Managing Pa rtner, Chief Executive Officer of Private Equity, Brookfield    Canada
Howard S. Marks, Director    333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071, U.S.A.    Co-Chairman, Oaktree Capital Management    U.S.A.
Frank J. McKenna, Director   

TDCT Tower, 161 Bay Street, 35th Floor, Toronto, Ontario

M5J 2T2, Canada

   Chair of Brookfield and Deputy Chair of TD Bank Group, Wholesale    Canada
Rafael Miranda, Director    C/Santiago de Compostela 100 28035 Madrid, Spain    Corporate Director    Spain

Craig Noble, Managing Partner,

Chief Executive Officer Alternative Investments

  

181 Bay Street, Suite 300

Toronto, Ontario

M5J 2T3, Canada

   Managing Partner, Chief Executive Officer Alternative Investments, Brookfield    Canada

Lord Augustine Thomas O’Donnell,

Director

  

Frontier Economics, 71 High Holborn, London U.K.

WC1V 6DA

   Chairman of Frontier Economics Limited    United Kingdom
Lori Pearson, Managing Partner and Chief Operating Officer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner and Chief Operating Officer, Brookfield    Canada

Samuel J.B. Pollock,

Managing Partner, Chief Executive Officer Infrastructure

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Infrastructure, Brookfield    Canada
Ngee Huat Seek, Director    501 Orchard Road, #08 — 01 Wheelock Place, Singapore 238880    Chairman, Global Logistic Properties    Singapore

Sachin G. Shah, Managing Partner,

Chief Investment Officer

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Investment Officer, Brookfield    Canada
Diana L. Taylor, Director    c/o Bloomberg, Philanthropies, 25 East 78th Street, New York, N.Y. 10075    Corporate Director    U.S.A. and Canada
Connor Teskey, Managing Partner and Chief Executive Officer Renewable Power    One Canada Square, Level 25 Canary Wharf, London E14 5AA U.K.    Managing Partner and Chief Executive Officer Renewable Power, Brookfield    Canada


SCHEDULE II

PARTNERS LIMITED

 

Name and Position of

Officer or Director

  

Principal

Business Address

  

Principal Occupation

or Employment

  

Citizenship

Jack L. Cockwell,

Director and Chairman of the Board

   51 Yonge Street, Suite 400 Toronto, Ontario M5E 1J1, Canada    Chairman of Brookfield Partners Foundation    Canada

Brian W. Kingston,

Director

  

250 Vesey Street, 15th Floor,

New York, NY 10281-1023 U.S.A.

   Managing Partner, Chief Executive Real Estate of Brookfield    Canada

Brian D. Lawson,

Director and President

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Vice Chair of Brookfield    Canada

Cyrus Madon,

Director

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Managing Partner, Chief Executive Officer Private Equity of Brookfield    Canada

Timothy R. Price,

Director

   51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada    Corporate Director    Canada

Samuel J.B. Pollock,

Director

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Managing Partner, Chief Executive Officer Infrastructure of Brookfield    Canada

Sachin G. Shah,

Director

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Managing Partner, Chief Investment Officer of Brookfield    Canada

Lisa Chu,

Treasurer

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Senior Vice President—Finance of Brookfield    Canada

Lorretta Corso,

Secretary

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Administrator, Corporate Secretary of Brookfield    Canada

Tim Wang,

Assistant Secretary

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Manager, Capital Markets and Treasury of Brookfield    Canada


SCHEDULE III

BAM LIMITED

 

Name and Position of

Officer or Director

  

Principal Business
Address

  

Principal
Occupation or
Employment

  

Citizenship

Thomas Corbett, Director   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Managing Director, Finance of Brookfield    Canada
Karly Dyck, Director   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Senior Vice-President, Capital Markets & Treasury of Brookfield    Canada
Aleks Novakovic, Director   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Managing Partner, Tax of Brookfield    Canada
Katayoon Sarpash, Director, Vice-President and Secretary   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Senior Vice-President, Legal & Regulatory of Brookfield    Canada
Cam Ha, President   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Vice-President, Tax of Brookfield    Canada
Bowen Li, Vice-President   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Manager, Finance of Brookfield    Canada
Tim Wang, Vice-President   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Manager, Capital Markets & Treasury of Brookfield    Canada


SCHEDULE IV

TRADING IN COMMON SHARES

The table below sets forth all transactions in the Common Shares effected during the past 60 days by the Reporting Persons.

 

Party

   Trade Date      Buy/Sell     Number
of Shares
     Weighted
Average
Price
     Low Price
per Share
     High Price
per Share
 

BIF IV Eagle NR Carry LP

     9/23/2020        Buy     6,139                       

Eagle Canada Common Holdings LP

     9/23/2020        Buy     3,831                       

* Represents Common Shares received through grants awarded as director compensation to the Reporting Persons’ director nominees currently serving on the Issuer’s board of directors in accordance with the terms of the Investment Agreement.