Sec Form 13G Filing - Chou Associates Management Inc. filing for Resolute Forest Products Inc. (RFP) - 2020-04-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G*

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. )*

 

 

Resolute Forest Products

(Name of Issuer)

Common

(Title of Class of Securities)

003687209

(CUSIP Number)

March 31st, 2020

(Date of Event Which Requires Filing of the Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

o	Rule 13d-1(b)
o	Rule 13d-1(c)
x	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).

 

1.	NAME OF REPORTING PERSONS Chou Associates Management & Stonetrust Commercial Insurance Company
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a)     o (b)     o
3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION Canada (Chou Associates Management) & USA (Stonetrust Commercial Insurance Co.)
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5.	SOLE VOTING POWER   5,256,960
		6.	SHARED VOTING POWER   0
		7.	SOLE DISPOSITIVE POWER   5,256,960
		8.	SHARED DISPOSITIVE POWER   0
9.	AGGR EGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   Chou Associates Management - 4,571,960 / Stonetrust Commercial Insurance Co – 685,000
10.	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   6.06%
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA, Investment Adviser / Insurance Co.

 

 

Item 1(a).	Name of Issuer: Resolute Forest Products, Inc.
Item 1(b).	Address of Issuer’s Principal Executive Offices: 111 Robert-Bourassa Blvd., Suite 5000   Montreal, Quebec, H3C 2M1, Canada
Item 2(a).	Name of Person Filing: Chou Associates Management / Stonetrust Commercial Insurance Co.
Item 2(b).	Address of Principal Business Office or, if none, Residence: Chou Associates Management 110 Sheppard Ave E, North York, ON M2N 6Y8, Canada   Stonetrust Commerical Insurance Co. 5615 Corporate Blvd # 700, Baton Rouge, LA 70808
Item 2(c).	Citizenship: Canada (Chou Associates Management) USA (Stonetrust Commercial Insurance Co.)
Item 2(d).	Title of Class of Securities:   Common
Item 2(e).	CUSIP Number: 003687209
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
	(a)	o	Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
	(b)	o	Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
	(c)	x	Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
	(d)	o	Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
	(e)	x	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
	(f)	o	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
	(g)	o	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
	(h)	o	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
	(i)	o	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);
	(j)	o	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
	(k)	o	Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________.

 

 

Item 4.	Ownership:
	Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
	(a)	Amount beneficially owned:   Chou Associates Management - 4,571,960 / Stonetrust Commercial Insurance Co – 685,000
	(b)	Percent of class: 6.06%
	(c)	Number of shares as to which the person has:
		(i)	Sole power to vote or to direct the vote: 5,256,960
		(ii)	Shared power to vote or to direct the vote: 0
		(iii)	Sole power to dispose or to direct the disposition of: 5,256,960
		(iv)	Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of Five Percent or Less of a Class:
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following. o
Item 6.	Ownership of More Than Five Percent on Behalf of Another Person:   N/A
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:   N/A
Item 8.	Identification and Classification of Members of the Group:   N/A
Item 9.	Notice of Dissolution of Group:   N/A
Item 10.	Certifications:
	By signing below, I certify that, to the best of my knowledge and belief, 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 of or with the effect of changing or influencing the 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.

 

 

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:	April 10th, 2020
	By:	/s/ Francis Chou
	Name:	Francis Chou
	Title:	President

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, Provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed o r printed beneath his signature.

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations

(see 18 U.S.C. 1001).

  

 

AGREEMENT

  

JOINT FILING OF SCHEDULE 13G

 

Each of the undersigned hereby agrees to file jointly the Schedule 13G to which this Agreement is attached, and any amendments to the Schedule 13G (the “Schedule 13G”) filed with respect to the common stock, par value $1.26 per share, of Resolute Forest Products, Inc. which may be deemed necessary, pursuant to Regulation 13D-G under the Securities Exchange Act of 1934, as amended.

 

It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement and any future amendments to the Schedule 13G, and for the completeness and accuracy of the information concerning such party contained therein, but such party is not responsible for the completeness or accuracy of information concerning any other party unless such party knows or has reason to believe that such information is inaccurate.

  

It is understood and agreed that a copy of this Agreement shall be attached as an exhibit to the Schedule 13G, and any future amendments to the Schedule 13G, filed on behalf of each of the parties hereto.

 

Chou Associates Management, Inc.

 

By: /s/ Francis Chou

 

Name: Francis Chou

 

Title: President

 

 

 

Stonetrust Commercial Insurance Co.

 

By: /s/ Francis Chou

 

Name: Francis Chou

 

Title: President