SCHEDULE 13G/A: Mackenzie Financial Corporation Discloses 5.0% Passive Stake in CAE Inc.

Mackenzie Financial Corporation has filed an amended Schedule 13G, reporting a 5.0% beneficial ownership stake in CAE Inc. as a passive investor.

Summary

• Mackenzie Financial Corporation reported beneficial ownership of 16,042,746 common shares of CAE Inc. as of March 31, 2025.
• This ownership represents 5.0% of CAE Inc.'s total common shares outstanding.
• Mackenzie Financial Corporation holds sole voting power and sole dispositive power over all 16,042,746 shares.
• This filing is an Amendment No. 6 to a previously filed Schedule 13G.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of CAE Inc.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing itself is a routine disclosure of a passive stake, which is generally a positive sign of institutional confidence, but it provides no new operational or financial insights about the company.

Positives

• The filing indicates a significant, passive investment by a reputable financial institution, Mackenzie Financial Corporation, in CAE Inc.
• Mackenzie Financial Corporation's certification states the shares are held in the ordinary course of business and not for control purposes, suggesting a long-term investment perspective.

Future Outlook

This Schedule 13G filing does not provide any forward-looking statements or guidance regarding CAE Inc.'s future performance or operations, as its purpose is solely to report beneficial ownership.

Industry Context

This filing reflects a standard institutional investment by Mackenzie Financial Corporation, an investment adviser, in CAE Inc. It indicates continued institutional interest in CAE Inc. within the broader market for aerospace and defense, and training and simulation companies.

Comparison to Industry Standards

• This document is a beneficial ownership filing and does not contain financial results or operational data for comparison. Therefore, it cannot be assessed against global benchmarks or specific comparable companies, projects, or results.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, potentially reinforcing confidence in the company.
• Employees, Customers, Suppliers, Creditors: No direct impact from this ownership disclosure.

Next Steps

• The document does not specify any future actions or milestones for CAE Inc. or Mackenzie Financial Corporation beyond the regulatory requirement to update beneficial ownership filings if there are significant changes.

Key Dates

Keywords

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