SCHEDULE 13G/A: Mackenzie Financial Corp. Discloses 5.5% Stake in CAE Inc. via Amended SEC Filing

Mackenzie Financial Corporation has filed an amended Schedule 13G, reporting a beneficial ownership of 5.5% of CAE Inc.'s common shares as of January 31, 2025.

Summary

• Mackenzie Financial Corporation, an investment adviser organized in Ontario, Canada, has filed an Amendment No. 8 to its Schedule 13G.
• The filing reports Mackenzie Financial Corporation's beneficial ownership in CAE Inc. (CUSIP: 124765108) common shares.
• As of January 31, 2025, Mackenzie Financial Corporation beneficially owns 17,637,699 common shares of CAE Inc.
• This ownership represents 5.5% of the class of securities.
• Mackenzie Financial Corporation holds sole voting power and sole dispositive power over all 17,637,699 shares, with no shared powers.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest positive or negative sentiment regarding the issuer's performance or outlook. It is a neutral, compliance-driven filing.

Positives

• Mackenzie Financial Corporation maintains a significant beneficial ownership stake of 5.5% in CAE Inc., indicating continued investment confidence.
• The reporting person, Mackenzie Financial Corporation, holds sole voting and dispositive power over its substantial holding, providing clear control over its investment.

Future Outlook

This document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding CAE Inc.'s future performance or Mackenzie Financial Corporation's investment strategy beyond the current holding.

Management Comments

• "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, other than activities solely in connection with a nomination under 240.14a-11." (Certification by Mackenzie Financial Corp.)

Industry Context

This filing reflects a routine disclosure of a significant institutional ownership stake in a publicly traded company. Such disclosures provide transparency into the ownership structure of companies, which is a standard practice in the financial industry. For CAE Inc., a company likely involved in aerospace or simulation, a stable institutional investor base like Mackenzie Financial Corporation can signal long-term confidence in its business model and market position.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially influencing market perception and stability.
• Company Management: Awareness of a large, passive institutional holder, which typically aligns with long-term value creation rather than activist intervention.

Key Dates

Keywords

CAE Inc., Mackenzie Financial Corporation, Schedule 13G, Beneficial Ownership, Common Shares, SEC Filing, Investment Adviser, Institutional Ownership