Sec Form 13D Filing - BROOKFIELD Corp filing for TRANSALTA CORP CANADA (TAC) - 2021-03-10

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.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D/A

(Amendment No. 4)

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)

March 10, 2021

(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

 

  35,399,535

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  35,399,535

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  35,399,535

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)

 

  13.1%(1)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(1)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


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

 

  35,399,535

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  35,399,535

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  35,399,535

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)

 

  13.1%(2)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(2)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


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

 

  13,744,737

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  13,744,737

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  13,744,737

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)

 

  5.1%(3)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(3)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


CUSIP No. 89346D107

 

  1    

  NAMES OF REPORTING PERSONS

 

  BIF IV EAGLE NR CARRY 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

 

  21,654,798

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  21,654,798

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  21,654,798

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)

 

  8.0%(4)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(4)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


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

 

  21,654,798

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  21,654,798

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  21,654,798

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)

 

  8.0%(5)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(5)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


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)

 

& #xA0; ☐

  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

 

  35,399,535

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  35,399,535

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  35,399,535

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)

 

  13.1%(6)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(6)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


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

 

  35,399,535

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  35,399,535

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  35,399,535

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)

 

  13.1%(7)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(7)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


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

 

  35,399,535

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  35,399,535

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  35,399,535

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)

 

  13.1%(8)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(8)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


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

 

  35,399,535

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  35,399,535

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  35,399,535

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)

 

  13.1%(9)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(9)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


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

 

  35,399,535

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  35,399,535

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  35,399,535

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)

 

  13.1%(10)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(10)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


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

 

  35,399,535

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  35,399,535

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  35,399,535

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)

 

  13.1%(11)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(11)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


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

 

  35,399,535

  9     

  SOLE DISPOSITIVE POWER

 

  —

  10     

  SHARED DISPOSITIVE POWER

 

  35,399,535

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  35,399,535

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)

 

  13.1%(12)

14    

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(12)

Percentage ownership is based on an aggregate 269,883,087 outstanding common shares of the Issuer as of March 2, 2021.


EXPLANATORY NOTE

This Amendment No. 4 (this “Amendment No. 4”) to Schedule 13D is being filed to 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 2,210,170 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$23,990,161 (excluding brokerage commission and director compensation shares), at prices between C$8.89 per Common Share and C$11.88 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. This Amendment No. 4 also reflects certain inter-company transactions among the Reporting Persons.

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. 4.

Item 2. Identity and Background

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

Schedules I and II hereto set forth an updated list of the names of the directors and executive officers of Brookfield and Partners (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 2,210,170 Common Shares in the open market for an aggregate consideration of C$23,990,161 (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.

Item 4. Purpose of Transaction.

Item 4 of the original Schedule 13D is hereby supplemented as follows:

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. Interests 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 35,399,535 shares, constituting approximately 13.1% of the Issuer’s currently outstanding Common Shares. The percentage of Common Shares of the Issuer in this Item 5 is based on an aggregate 269,883,097 Common Shares of the Issuer outstanding as of March 2, 2021, based on Issuer’s Form 40-F dated March 3, 2021.

 

(i)   Eagle Canada
  (a)    Eagle Canada may be deemed the beneficial owner of 13,744,737 Common Shares, constituting a percentage of approximately 5.1%
  (b)   

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

 

Shared voting power to vote or direct vote: 13,744,737 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 13,744,737 Common Shares


(ii)   BIF IV Eagle
  (a)    BIF IV Eagle may be deemed the beneficial owner of 21,654,798 Common Shares, constituting a percentage of approximately 8.0%
  (b)   

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

 

Shared voting power to vote or direct vote: 21,654,798 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 21,654,798 Common Shares

(iii)   BIF IV LTIP
  (a)    BIF IV LTIP may be deemed the beneficial owner of 21,654,798 Common Shares, constituting a percentage of approximately 8.0%
  (b)   

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

 

Shared voting power to vote or direct vote: 21,654,798 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 21,654,798 Common Shares

(iv)   BIF IV Cdn
  (a)    BIF IV Cdn may be deemed the beneficial owner of 35,399,535 Common Shares, constituting a percentage of approximately 13.1%
  (b)   

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

 

Shared voting power to vote or direct vote: 35,399,535 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 35,399,535 Common Shares

(v)   BIF IV Cdn GP
  (a)    BIF IV Cdn GP may be deemed the beneficial owner of 35,399,535 Common Shares, constituting a percentage of approximately 13.1%
  (b)   

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

 

Shared voting power to vote or direct vote: 35,399,535 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 35,399,535 Common Shares

(vi)   BIF IV Cdn GP Ltd
  (a)    BIF IV Cdn GP Ltd may be deemed the beneficial owner of 35,399,535 Common Shares, constituting a percentage of approximately 13.1%
  (b)   

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

 

Shared voting power to vote or direct vote: 35,399,535 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 35,399,535 Common Shares

(vii)   BIG Holdings


   (a)    BIG Holdings may be deemed the beneficial owner of 35,399,535 Common Shares, constituting a percentage of approximately 13.1%
   (b)   

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

 

Shared voting power to vote or direct vote: 35,399,535 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 35,399,535 Common Shares

(viii)    BIGL
   (a)    BIGL may be deemed the beneficial owner of 35,399,535 Common Shares, constituting a percentage of approximately 13.1%
   (b)   

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

 

Shared voting power to vote or direct vote: 35,399,535 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 35,399,535 Common Shares

(ix)    BIG LP
   (a)    BIG LP may be deemed the beneficial owner of 35,399,535 Common Shares, constituting a percentage of approximately 13.1%
   (b)   

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

 

Shared voting power to vote or direct vote: 35,399,535 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 35,399,535 Common Shares

(x)    BAM Limited
   (a)    BAM Limited may be deemed the beneficial owner of 35,399,535 Common Shares, constituting a percentage of approximately 13.1%
   (b)   

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

 

Shared voting power to vote or direct vote: 35,399,535 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 35,399,535 Common Shares

(xi)    Brookfield
   (a)    Brookfield may be deemed the beneficial owner of 35,399,535 Common Shares, constituting a percentage of approximately 13.1%
   (b)   

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

 

Shared voting power to vote or direct vote: 35,399,535 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 35,399,535 Common Shares

(xii)    Partners
   (a)    Partners may be deemed the beneficial owner of 35,399,535 Common Shares, constituting a percentage of approximately 13.1%


        (b)   

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

 

Shared voting power to vote or direct vote: 35,399,535 Common Shares

 

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

 

Shared power to dispose or direct the disposition: 35,399,535 Common Shares

   (c)    Schedule III 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:

As of March 10, 2021, up to 35,333,956 Common Shares were subject to the pledge under the security agreements in connection with the 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.

 

March 10, 2021     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 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 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

   250 Vesey Street, 15th Floor, New York, NY 10281-1023, 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

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Former Chief Executive Officer, Vale SA    Brazil

J. Bruce Flatt

Director and Managing Partner and Chief Executive Officer

   One Canada Square, Level 25 Canary Wharf, London U.K. E14 5AA    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 Honorary Director

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice Chair, Brookfield    Canada


Cyrus Madon

Managing Partner, Chief Executive Officer Private Equity

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, 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

Hutham S. Olayan

Director

   505 Park Avenue, New York, NY 10022, U.S.A.    Chairman of The Olayan Group    U.S.A. and Saudi Arabia

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, Chief Executive Officer Renewable Power

   One Canada Square, Level 25, Canary Wharf, London, UK E14 5AA    Managing Partner, 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

Lisa Chu, Treasurer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Senior Vice President – Finance, Brookfield    Canada

Jack L. Cockwell, Director and

Chairman of the Board

   51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada    Chair of Brookfield Partners Foundation    Canada
Lorretta Corso, Secretary    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Administrator, Corporate Secretary, Brookfield    Canada
Brian W. Kingston, Director    250 Vesey Street, 15th Floor, New York, NY 10281-1023 U.S.A.    Managing Partner, Chief Executive Real Estate, Brookfield    Canada

Brian D. Lawson, Director and

President

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice Chair, Brookfield    Canada
Cyrus Madon, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Private Equity, Brookfield    Canada
Samuel J.B. Pollock, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Infrastructure, Brookfield    Canada
Timothy R. Price, Director    51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada    Corporate Director    Canada
Sachin Shah, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Investment Officer, Brookfield    Canada
Tim Wang, Assistant Secretary    181 Bay Street, Suite 3 00, Toronto, Ontario M5J 2T3, Canada    Manager, Capital Markets and Treasury, Brookfield    Canada


SCHEDULE III

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. All such transactions were effected in the open market through a broker, and the prices exclude commissions. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission full information regarding the number of shares purchased or sold at each separate price.

 

Party

   Trade
Date
     Buy/Sell      Number
of Shares
     Weighted
Average
Price
(C$)
     Low
Price
per Share
(C$)
     High
Price
per Share
(C$)
 

BIF IV Eagle NR Carry LP

     1/12/2021        Buy        61,682        10.80        10.80        10.80  

Eagle Canada Common Holdings LP

     1/12/2021        Buy        38,318        10.80        10.80        10.80  

BIF IV Eagle NR Carry LP

     1/13/2021        Buy        13,632        10.83        10.83        10.83  

Eagle Canada Common Holdings LP

     1/12/2021        Buy        8,468        10.83        10.83        10.83  

BIF IV Eagle NR Carry LP

     1/15/2021        Buy        38,551        10.94        10.94        10.94  

Eagle Canada Common Holdings LP

     1/15/2021        Buy        23,949        10.94        10.94        10.94  

BIF IV Eagle NR Carry LP

     1/18/2021        Buy        16,839        10.94        10.94        10.94  

Eagle Canada Common Holdings LP

     1/18/2021        Buy        10,461        10.94        10.94        10.94  

BIF IV Eagle NR Carry LP

     1/19/2021        Buy        3,886        10.93        10.93        10.93  

Eagle Canada Common Holdings LP

     1/19/2021        Buy        2,414        10.93        10.93        10.93  

BIF IV Eagle NR Carry LP

     1/28/2021        Buy        169,624        11.24        11.23        11.25  

Eagle Canada Common Holdings LP

     1/28/2021        Buy        105,376        11.24        11.23        11.25  

BIF IV Eagle NR Carry LP

     1/29/2021        Buy        123,363        11.23        11.23        11.23  

Eagle Canada Common Holdings LP

     1/29/2021        Buy        76,637        11.23        11.23        11.23  

BIF IV Eagle NR Carry LP

     2/1/2021        Buy        28,281        11.36        11.36        11.36  

Eagle Canada Common Holdings LP

     2/1/2021        Buy        17,569        11.36        11.36        11.36  

BIF IV Eagle NR Carry LP

     2/2/2021        Buy        29,792        11.49        11.49        11.49  

Eagle Canada Common Holdings LP

     2/2/2021        Buy        18,508        11.49        11.49        11.49  

BIF IV Eagle NR Carry LP

     2/3/2021        Buy        61,682        11.47        11.47        11.47  

Eagle Canada Common Holdings LP

     2/3/2021        Buy        38,318        11.47        11.47        11.47  

BIF IV Eagle NR Carry LP

     2/4/2021        Buy        107,943        11.43        11.43        11.43  

Eagle Canada Common Holdings LP

     2/4/2021        Buy        67,057        11.43        11.43        11.43  

BIF IV Eagle NR Carry LP

     2/5/2021        Buy        92,522        11.46        11.46        11.46  

Eagle Canada Common Holdings LP

     2/5/2021        Buy        57,478        11.46        11.46        11.46  

BIF IV Eagle NR Carry LP

     2/9/2021        Buy        53,663        11.64        11.64        11.64  

Eagle Canada Common Holdings LP

     2/9/2021        Buy        33,337        11.64        11.64        11.64  

BIF IV Eagle NR Carry LP

     2/10/2021        Buy        61,682        11.72        11.72        11.72  

Eagle Canada Common Holdings LP

     2/10/2021        Buy        38,318        11.72        11.72        11.72  

BIF IV Eagle NR Carry LP

     2/11/2021        Buy        33,308        11.74        11.74        11.74  

Eagle Canada Common Holdings LP

     2/11/2021        Buy        20,692        11.74        11.74        11.74  

BIF IV Eagle NR Carry LP

     2/16/2021        Buy        30,841        11.88        11.88        11.88  

Eagle Canada Common Holdings LP

     2/16/2021        Buy        19,159        11.88        11.88        11.88  

BIF IV Eagle NR Carry LP

     2/17/2021        Buy        30,841        11.88        11.88        11.88  

Eagle Canada Common Holdings LP

     2/17/2021        Buy        19,159        11.88        11.88        11.88  

BIF IV Eagle NR Carry LP

     3/10/2021        Buy        308        10.96        10.96        10.96  

Eagle Canada Common Holdings LP

     3/10/2021        Buy        192        10.96        10.96        10.96