SCHEDULE 13D/A
0000807249-21-000188
0000807249
XXXXXXXX
LIVE
17
Class A common and Class B variable voting shares, no par value per share
12/17/2024
false
0001845840
879512309
Telesat Corp
160 ELGIN ST
160 ELGIN ST
OTTAWA
A6
K2P 2P7
DAVID GOLDMAN
9149217793
GAMCO INVESTORS, INC.
ONE CORPORATE CENTER
RYE
NY
10580
0000807249
N
GAMCO INVESTORS, INC. ET AL
WC
N
NY
1000.00
0.00
1000.00
0.00
1000.00
Y
0.0
HC
CO
0001081407
N
GABELLI FUNDS LLC
OO
N
NY
772120.00
0.00
772120.00
0.00
772120.00
N
5.5
CO
IA
0001460612
N
GAMCO Asset Management Inc.
OO
N
NY
1827121.00
0.00
1880221.00
0.00
1880221.00
N
13.5
IA
CO
0000932724
N
GABELLI & Co INVESTMENT ADVISERS, INC.
OO
N
DE
89711.00
0.00
89711.00
0.00
89711.00
N
0.6
IA
CO
Y
MJG ASSOCIATES, INC.
OO
N
CT
29119.00
0.00
29119.00
0.00
29119.00
N
0.2
CO
Y
GABELLI FOUNDATION, INC.
WC
N
NV
59000.00
0.00
59000.00
0.00
59000.00
N
0.4
OO
0001238894
N
GGCP, INC.
WC
N
WY
10000.00
0.00
10000.00
0.00
10000.00
Y
0.1
CO
HC
0001642122
N
Associated Capital Group, Inc.
WC
N
DE
11100.00
0.00
11100.00
0.00
11100.00
Y
0.1
HC
CO
0001185533
N
GABELLI MARIO J
PF
N
X1
0.00
0.00
0.00
0.00
0.00
Y
0.0
IN
Class A common and Class B variable voting shares, no par value per share
Telesat Corp
160 ELGIN ST
160 ELGIN ST
OTTAWA
A6
K2P 2P7
This statement is being filed by one or more of the following persons: GGCP, Inc. (GGCP), GGCP Holdings LLC (GGCP Holdings), GAMCO Investors, Inc. (GBL), Associated Capital Group, Inc. (AC), Gabelli Funds, LLC (Gabelli Funds), GAMCO Asset Management Inc. (GAMCO), Teton Advisors, LLC (Teton Advisors), Keeley-Teton Advisors, LLC (Keeley-Teton), Gabelli & Company Investment Advisers, Inc. (GCIA), Morgan Group Holding Co., (MGH), G.research, LLC (G.research), MJG Associates, Inc. (MJG Associates), Gabelli Securities International (Bermuda) Limited (GSIL), Gabelli Foundation, Inc. (Foundation), Mario Gabelli, LICT and CIBL. Those of the foregoing persons signing this Schedule 13D are hereinafter referred to as the Reporting Persons.
GAMCO is a New York corporation and GBL and MGH are Delaware corporations, each having its principal business office at One Corporate Center, Rye, New York 10580. GGCP is a Wyoming corporation and AC and GCIA are Delaware corporations each having its principal business office 191 Mason Street, Greenwich, CT 06830. GGCP Holdings is a Delaware limited liability corporation having its principal business office at 191 Mason Street, Greenwich, CT 06830. G.research is a Delaware limited liability company having its principal officers at One Corporate Center, Rye, New York 10580. Gabelli Funds is a New York limited liability company having its principal business office at One Corporate Center, Rye, New York 10580. Teton Advisors is a Delaware limited liability company having its principal place of business at 189 Mason Street, Greenwich, CT 06830. Keeley-Teton Advisors is a Delaware limited liability company having its principal place of business at 141 W. Jackson Blvd., Chicago, IL 60604. MJG Associates is a Connecticut corporation having its principal business office at 191 Mason Street, Greenwich, CT 06830. The Foundation is a Nevada corporation having its principal offices at 165 West Liberty Street, Reno, Nevada 89501. LICT is a Delaware corporation having its principal place of business as 401 Theodore Fremd Avenue, Rye, New York 10580. CIBL, Inc. is a Delaware corporation having its principal place of business as 165 West Liberty Street, Suite 220, Reno, NV 89501.
Not applicable.
Not applicable.
United States
The aggregate number of Securities to which this Schedule 13D relates is 2,852,271 shares, representing 20.46% of the 13,940,086 shares outstanding as reported by the Issuer as of September 30, 2024. The Reporting Persons beneficially own those Securities as follows: AC 11,100 shares 0.08%, GCIA 89,711 shares 0.64%, Foundation 59,000 shares 0.42%, Funds 772,120 shares 5.54%, GAMCO 1,880,221 shares 13.49%, GBL 1,000 shares 0.01%, GGCP 10,000 shares 0.07% and MJG Associates 29,119 shares 0.21%
Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition of the Securities reported for it, either for its own benefit or for the benefit of its investment clients or its partners, as the case may be, except that (i) GAMCO does not have authority to vote 53,100 of the reported shares, (ii) Gabelli Funds has sole dispositive and voting power with respect to the shares of the Issuer held by the Funds so long as the aggregate voting interest of all joint filers does not exceed 25% of their total voting interest in the Issuer and, in that event, the Proxy Voting Committee of each Fund shall respectively vote that Funds shares, (iii) at any time, the Proxy Voting Committee of each such Fund may take and exercise in its sole discretion the entire voting power with respect to the shares held by such fund under special circumstances such as regulatory considerations, and (iv) the power of Mario Gabelli, AC, GBL, and GGCP is indirect with respect to Securities beneficially owned directly by other Reporting Persons.
Information with respect to all transactions in the Securities which were effected during the past sixty days or since the most recent filing on Schedule 13D, whichever is less, by each of the Reporting Persons and Covered Persons is set forth below:
DATE SHARES PURCHASED PRICE
/SOLD
GABELLI FOUNDATION, INC.
12/9/2024 -2,000 17.2544
12/6/2024 -1,200 14.5841
12/5/2024 -800 13.0600
10/25/2024 -317 13.4300
GABELLI FUNDS, LLC
GABELLI EQUITY INCOME FUND
12/12/2024 -4,000 16.9874
12/11/2024 -5,000 16.8050
GAMCO MERGER ARBITRAGE UCITS
12/17/2024 -20,000 17.9014
12/16/2024 -5,000 16.6424
12/13/2024 -100 17.5200
12/9/2024 -20,000 17.3997
GABELLI DIVIDEND & INCOME TRUST
11/7/2024 -2,000 11.7707
11/1/2024 -1,000 12.6283
10/31/2024 -1,500 12.1500
GABELLI MULTIMEDIA TRUST
12/13/2024 500 16.6700
11/15/2024 1,000 11.8612
11/12/2024 2,000 11.6200
11/7/2024 2,000 11.8991
11/1/2024 500 12.6022
10/29/2024 500 12.7500
10/23/2024 1,000 13.5000
10/18/2024 -641 13.9400
GABELLI GLOBAL UTILITY & INCOME TRUST
12/9/2024 -3,000 17.0000
GABELLI UTILITIES FUND
12/11/2024 -2,000 17.2200
12/3/2024 -2,500 13.4816
GAMCO ASSET MANAGEMENT INC.
12/17/2024 -3,500 18.2642
12/16/2024 -2,200 17.2146
12/13/2024 -1,150 16.8420
12/13/2024 -2,000 16.8953
12/12/2024 -350 16.7600
12/12/2024 -4,000 16.9689
12/12/2024 -5,000 17.1064
12/11/2024 -332 17.0000
12/10/2024 -1,668 17.0138
12/9/2024 -2,000 16.2450
12/9/2024 -200 17.0000
12/9/2024 -1,900 17.0485
12/6/2024 550 13.7600
12/6/2024 -650 14.0000
12/6/2024 -1,100 14.7166
12/5/2024 -150 13.2800
12/4/2024 -1,500 13.0600
12/3/2024 -1,200 13.0616
12/2/2024 -1,200 13.5000
12/2/2024 -1,200 13.5487
11/29/2024 -752 14.5000
11/29/2024 -800 14.5600
11/20
/2024 -1,000 10.2710
11/19/2024 600 11.7000
11/11/2024 3,050 11.4053
11/11/2024 300 11.4750
11/11/2024 625 11.6200
11/7/2024 1,000 11.4900
11/7/2024 500 11.6235
11/7/2024 500 11.8448
11/6/2024 1,000 11.9473
10/30/2024 800 12.6557
10/28/2024 -400 13.1992
10/28/2024 -2,000 13.2101
10/25/2024 -400 13.0512
10/25/2024 800 13.3294
10/25/2024 600 13.3294
10/23/2024 -300 13.4000
10/23/2024 -500 13.9898
10/18/2024 -2,000 14.0468
MJG ASSOCIATES, INC.
12/17/2024 -781 18.1000
12/16/2024 -200 17.4400
12/13/2024 -1,700 16.6421
12/12/2024 -5,800 17.0238
12/11/2024 -4,000 17.1937
12/10/2024 -500 17.2300
12/9/2024 -3,500 17.2399
12/6/2024 -800 15.5332
11/12/2024 -400 11.8175
(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
ON THE NASDAQ.
(2) PRICE EXCLUDES COMMISSION.
The investment advisory clients of, or partnerships managed by, GAMCO, Gabelli Funds, Teton Advisors and MJG Associates have the sole right to receive and, subject to the notice, withdrawal and/or termination provisions of such advisory contracts and partnership arrangements, the sole power to direct the receipt of dividends from, and the proceeds of sale of, any of the Securities beneficially owned by such Reporting Persons on behalf of such clients or partnerships. Except as noted, no such client or partnership has an interest by virtue of such relationship that relates to more than 5% of the Securities.
Not applicable.
GAMCO INVESTORS, INC. ET AL
Peter D. Goldstein
12/18/2024
GABELLI FUNDS LLC
David Goldman
12/18/2024
GAMCO Asset Management Inc.
Douglas R. Jamieson
12/18/2024
GABELLI & Co INVESTMENT ADVISERS, INC.
Douglas R. Jamieson
12/18/2024
MJG ASSOCIATES, INC.
David Goldman
12/18/2024
GABELLI FOUNDATION, INC.
David Goldman
12/18/2024
GGCP, INC.
David Goldman
12/18/2024
Associated Capital Group, Inc.
Douglas R. Jamieson
12/18/2024
GABELLI MARIO J
David Goldman
12/18/2024