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
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Brookfield Wealth Solutions Ltd.(formerly
Brookfield Reinsurance Ltd.)
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(Name of Issuer)
Class A Exchangeable Shares
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(Title of Class of Securities)
G17434104 (formerly G16250105)
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(CUSIP Number)
September 30, 2024
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(Date Of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in 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 (however, see the
Notes).
CUSIP No.G17434104 (formerly G16250105) 13G
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1. NAMES OF REPORTING PERSONS:
CI Investments Inc.
Assante Capital Management Ltd.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [ ]
(b) [ ]
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3. SEC USE ONLY:
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4. CITIZENSHIP OR PLACE OF ORGANIZATION OF EACH REPORTING PERSON:
Province of Ontario, Canada
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NUMBER OF 5. SOLE VOTING POWER:
SHARES Such shares are held by the following entities
BENEFICIALLY in the respective amounts listed:
OWNED BY
EACH CI Investments Inc.: 643,319
REPORTING
PERSON Assante Capital Management Ltd.: 10
WITH: --------------------------------------------------------------
6. SHARED VOTING POWER:
0
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7. SOLE DISPOSITIVE POWER:
CI Investments Inc.: 643,319
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8. SHARED DISPOSITIVE POWER:
Assante Capital Management Ltd.: 10
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
CI Investments Inc.: 643,319
Assante Capital Management Ltd.: 10
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
1.48%(1)(2)
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12. TYPE OF REPORTING PERSON:
CI Investments Inc.: IA, FI
Assante Capital Management Ltd.: BD, FI
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(1) Calculated based on 43,385,526 Class A Exchangeable Shares of Brookfield
Wealth Solutions Ltd. (formerly Brookfield Reinsurance Ltd.)(the "Issuer")
outstanding as of June 30, 2024 as reported in the Issuer's Form 6-K filed with
the Securities and Exchange Commission (the "SEC") on August 14, 2024.
(2) Percent of Class represented by Amount in Row (9) is calculated based
on the combined aggregate amount beneficially owned by each CI Investments Inc.
and Assante Capital Management Ltd.
Item 1. (a) Name of Issuer:
Brookfield Wealth Solutions Ltd. (formerly Brookfield
Reinsurance Ltd.)
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(b) Address of Issuer's Principal Executive Offices:
Ideation House, 1st Floor,
94 Pitts Bay Road,
Pembroke, Bermuda, HM08
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Item 2. (a) Name of Person Filing:
CI Investments Inc.
Assante Capital Management Ltd.
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(b) Address of Principal Business Office, or if None, Residence:
CI Investments Inc.
15 York Street, Second Floor
Toronto, Ontario, M5J 0A3, Canada
Assante Capital Management Ltd.
15 York Street, Second Floor
Toronto, Ontario, M5J 0A3, Canada
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(c) Citizenship:
See Item 4 on the cover page hereto.
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(d) Title of Class of Securities:
Class A Exchangeable Shares
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(e) CUSIP Number:
G17434104 (formerly G16250105)
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Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with Sections
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [x] a non-U.S. institution in accordance with Section
240.13d-1(b)(1)(ii)(J).
(k) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with
Section 240.13d-1(b)(1)(ii)(J), please specify the type
of institution: _______
Item 4. Ownership
CI Investments Inc. provides Assante Capital Management Ltd. with
sub-advisory services where portfolio models are provided for
discretionary accounts.
For (a) and (b), refer to Items 9 and 11 on the cover page hereto.
(a) Amount beneficially owned:
CI Investments Inc. 643,319
Assante Capital Management Ltd.: 10
(b) Percent of Class:
1.48%
(See Item 11 on the cover page hereto.)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 5 on the cover page hereto.
(ii) Shared power to vote or to direct the vote:
See Item 6 on the cover page hereto.
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 on the cover page hereto.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 on the cover page hereto.
Item 5. Ownership of Five Percent or Less of a Class.
Yes
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, (i)
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose or
with the effect of changing or influencing control of the Issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect, other than
activities solely in connection with nomination under Section 240.14a-11;
and (ii) the foreign regulatory scheme applicable to the non-U.S.
institutions above is substantially comparable to the regulatory scheme
applicable to the functionally equivalent U.S institution(s). I also
undertake to furnish to the Commission staff, upon request, information that
would otherwise be disclosed in a Schedule 13D.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: November 13, 2024
CI Investments Inc.
Signature: /s/ William Chinkiwsky
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Name: William Chinkiwsky,
Title: SVP, CI Enterprise Compliance & CCO, CI Investments Inc.
Assante Capital Management Ltd.
Signature: /s/ Kaella Bubel
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Name: Kaella Bubel
Title: CCO
____________________________________________________________________
EXHIBIT 1
AGREEMENT OF JOINT FILING
CI Investments Inc. and Assante Capital Management Ltd. hereby agree that the
Statement on Schedule 13G to which this agreement is attached as an exhibit as
well as all future amendments to such Statement, shall be filed jointly on
behalf of each of them. This agreement is intended to satisfy the
requirements of Rule 13d-1 (k)(1)(iii) under the Securities Exchange Act
of 1934, as amended.
Dated: November 13, 2024
CI Investments Inc.
Signature: /s/ William Chinkiwsky
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Name: William Chinkiwsky,
Title: SVP, CI Enterprise Compliance & CCO, CI Investments Inc.
Assante Capital Management Ltd.
Signature: /s/ Kaella Bubel
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Name: Kaella Bubel
Title: CCO