Sec Form 13D Filing - BROOKFIELD Corp filing for TRANSALTA CORP CANADA (TAC) - 2020-04-22

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. 2)

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)

April 20, 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

 

  31,484,883

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  31,484,883

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  31,484,883

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)

 

  11.4%(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 277,075,741 as of March 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

 

  31,484,883

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  31,484,883

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  31,484,883

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)

 

  11.4%(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 277,075,741 as of March 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

 

  13,012,794

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  13,012,794

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  13,012,794

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)

 

  4.7%(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 277,075,741 as of March 3, 2020.


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

 

  18,472,089

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  18,472,089

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  18,472,089

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)

 

  6.7%(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 277,075,741 as of March 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

 

  18,472,089

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  18,472,089

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  18,472,089

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)

 

  6.7%(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 277,075,741 as of March 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

 

  31,484,883

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  31,484,883

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  31,484,883

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)

 

  11.4%(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 277,075,741 as of March 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

 

  31,484,883

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  31,484,883

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  31,484,883

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)

 

  11.4%(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 277,075,741 as of March 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

 

  31,484,883

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  31,484,883

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  31,484,883

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)

 

  11.4%(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 277,075,741 as of March 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

 

  31,484,883

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  31,484,883

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  31,484,883

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)

 

  11.4%(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 277,075,741 as of March 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

 

  31,484,883

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  31,484,883

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  31,484,883

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)

 

  11.4%(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 277,075,741 as of March 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

 

  31,484,883

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  31,484,883

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  31,484,883

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)

 

  11.4%(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 277,075,741 as of March 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

 

  31,484,883

     9   

  SOLE DISPOSITIVE POWER

 

  —

   10   

  SHARED DISPOSITIVE POWER

 

  31,484,883

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  31,484,883

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)

 

  11.4%(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 277,075,741 as of March 3, 2020.


EXPLANATORY NOTE

This Amendment No. 2 (this “Amendment No. 2”) 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 3,416,836 common shares (the “Common Shares”) in the capital of the Issuer on the Toronto Stock Exchange in open market purchases for aggregate cash consideration of C$22,452,475, at prices between C$5.71 per Common Share and C$8.04 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 (the “Additional Purchases”).

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. 2.

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 3,416,836 Common Shares in the open market for an aggregate consideration of C$22,452,475 (including brokerage commission but excluding 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. Interest in Securities of the Issuer.

Sections (a), (b), (c) and (e) 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 of the Issuer held by the Report ing Persons to which this Schedule 13D relates is 31,484,883 shares, constituting approximately 11.4% 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 277,075,741 as of March 3, 2020, based on Issuer’s Form 40-F dated March 3, 2020.

(i) Eagle Canada

 

  (a)

As of April 22, 2020, Eagle Canada may be deemed the beneficial owner of 13,012,794 Common Shares, constituting a percentage of approximately 4.7%

 

  (b)

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

Shared voting power to vote or direct vote: 13,012,794 Common Shares

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

Shared power to dispose or direct the disposition: 13,012,794 Common Shares

(ii) BIF IV Eagle

 

  (a)

As of April 22, 2020, BIF IV Eagle may be deemed the beneficial owner of 18,472,089 Common Shares, constituting a percentage of approximately 6.7%

 

  (b)

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

Shared voting power to vote or direct vote: 18,472,089 Common Shares

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

Shared power to dispose or direct the disposition: 18,472,089 Common Shares


(iii) BIF IV LTIP

 

  (a)

As of April 22, 2020, BIF IV Cdn may be deemed the beneficial owner of 18,472,089 Common Shares, constituting a percentage of approximately 6.7%

 

  (b)

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

Shared voting power to vote or direct vote: 18,472,089 Common Shares

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

Shared power to dispose or direct the disposition: 18,472,089 Common Shares

(iv) BIF IV Cdn

 

  (a)

As of April 22, 2020, BIF IV Cdn may be deemed the beneficial owner of 31,484,883 Common Shares, constituting a percentage of approximately 11.4%

 

  (b)

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

Shared voting power to vote or direct vote: 31,484,883 Common Shares

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

Shared power to dispose or direct the disposition: 31,484,883 Common Shares

(v) BIF IV Cdn GP

 

  (a)

As of April 22, 2020, BIF IV Cdn GP may be deemed the beneficial owner of 31,484,883 Common Shares, constituting a percentage of approximately 11.4%

 

  (b)

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

Shared voting power to vote or direct vote: 31,484,883 Common Shares

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

Shared power to dispose or direct the disposition: 31,484,883 Common Shares

(vi) BIF IV Cdn GP Ltd

 

  (a)

As of April 22, 2020, BIF IV Cdn GP Ltd may be deemed the beneficial owner of 31,484,883 Common Shares, constituting a percentage of approximately 11.4%

 

  (b)

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

Shared voting power to vote or direct vote: 31,484,883 Common Shares

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

Shared power to dispose or direct the disposition: 31,484,883 Common Shares

(vii) BIG Holdings

 

  (a)

As of April 22, 2020, BIG Holdings may be deemed the beneficial owner of 31,484,883 Common Shares, constituting a percentage of approximately 11.4%

 

  (b)

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

Shared voting power to vote or direct vote: 31,484,883 Common Shares

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

Shared power to dispose or direct the disposition: 31,484,883 Common Shares

(viii) BIGL

 

  (a)

As of April 22, 2020, BIGL may be deemed the beneficial owner of 31,484,883 Common Shares, constituting a percentage of approximately 11.4%

 

  (b)

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

Shared voting power to vote or direct vote: 31,484,883 Common Shares

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

Shared power to dispose or direct the disposition: 31,484,883 Common Shares


(ix) BIG LP

 

  (a)

As of April 22, 2020, BIG LP may be deemed the beneficial owner of 31,484,883 Common Shares, constituting a percentage of approximately 11.4%

 

  (b)

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

Shared voting power to vote or direct vote: 31,484,883 Common Shares

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

Shared power to dispose or direct the disposition: 31,484,883 Common Shares

(x) BAM Limited

 

  (a)

As of April 22, 2020, BIG LP may be deemed the beneficial owner of 31,484,883 Common Shares, constituting a percentage of approximately 11.4%

 

  (b)

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

Shared voting power to vote or direct vote: 31,484,883 Common Shares

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

Shared power to dispose or direct the disposition: 31,484,883 Common Shares

(xi) Brookfield

 

  (a)

As of April 22, 2020, Brookfield may be deemed the beneficial owner of 31,484,883 Common Shares, constituting a percentage of approximately 11.4%

 

  (b)

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

Shared voting power to vote or direct vote: 31,484,883 Common Shares

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

Shared power to dispose or direct the disposition: 31,484,883 Common Shares

(xii) Partners

 

  (a)

As of April 22, 2020, Partners may be deemed the beneficial owner of 31,484,883 Common Shares, constituting a percentage of approximately 11.4%

 

  (b)

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

Shared voting power to vote or direct vote: 31,484,883 Common Shares

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

Shared power to dispose or direct the disposition: 31,484,883 Common Shares

(c) Schedule I filed herewith, which is incorporated herein by reference, describes all of the transactions in Common Shares of the Issuer that were effected by the Reporting Persons since the filing of the Schedule 13D/A on March 18, 2020.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 of the original Schedule 13 is amended to update the following information:

As of April 22, 2020, 27,406,129 Common Shares were subject to the pledge under the security agreements in connection with the 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.

 

April 22, 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 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

TRADING IN COMMON SHARES

The table below sets forth all transactions in the Common Shares effected by the Reporting Persons since the filing of the Schedule 13D/A on March 18, 2020. 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
     Low Price
per Share
     High Price
per Share
 

BIF IV Eagle NR Carry LP

     3/20/2020        Buy       307,887        6.33        6.33        6.33  

Eagle Canada Common Holdings LP

     3/20/2020        Buy       192,113        6.33        6.33        6.33  

BIF IV Eagle NR Carry LP

     3/23/2020        Buy       461,831        5.71        5.71        5.71  

Eagle Canada Common Holdings LP

     3/23/2020        Buy       288,169        5.71        5.71        5.71  

BIF IV Eagle NR Carry LP

     3/24/2020   &# xA0;    Buy       369,464        5.90        5.90        5.90  

Eagle Canada Common Holdings LP

     3/24/2020        Buy       230,536        5.90        5.90        5.90  

BIF IV Eagle NR Carry LP

     3/25/2020        Buy       31,897        6.18        6.18        6.18  

Eagle Canada Common Holdings LP

     3/25/2020        Buy       19,903        6.18        6.18        6.18  

BIF IV Eagle NR Carry LP

     3/27/2020        Buy       102,526        6.96        6.96        6.96  

Eagle Canada Common Holdings LP

     3/27/2020        Buy       63,974        6.96        6.96        6.96  

BIF IV Eagle NR Carry LP

     3/27/2020        Buy     7,819                       

Eagle Canada Common Holdings LP

     3/27/2020        Buy     4,879                       

BIF IV Eagle NR Carry LP

     3/30/2020        Buy       147,539        6.93        6.93        6.93  

Eagle Canada Common Holdings LP

     3/30/2020        Buy       92,061        6.93        6.93        6.93  

BIF IV Eagle NR Carry LP

     4/1/2020        Buy       102,088        6.96        6.96        6.96  

Eagle Canada Common Holdings LP

     4/1/2020        Buy       63,700        6.96        6.96        6.96  

BIF IV Eagle NR Carry LP

     4/3/2020        Buy       71,091        7.00        7.00        7.00  

Eagle Canada Common Holdings LP

     4/3/2020        Buy       44,359        7.00        7.00      0; 7.00  

BIF IV Eagle NR Carry LP

     4/20/2020        Buy       101,603        8.04        8.04        8.04  

Eagle Canada Common Holdings LP

     4/20/2020        Buy       63,397        8.04        8.04        8.04  

BIF IV Eagle NR Carry LP

     4/21/2020        Buy       369,464        7.65        7.65        7.65  

Eagle Canada Common Holdings LP

     4/21/2020        Buy       230,536        7.65        7.65        7.65  

BIF IV Eagle NR Carry LP

     4/22/2020        Buy       30,789        7.55        7.55        7.55  

Eagle Canada Common Holdings LP

     4/22/2020        Buy       19,211        7.55        7.55        7.55  

* 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.