SCHEDULE: Investment Firms Disclose 5.97% Passive Stake in Colliers International Group

Four Canadian investment entities, including Jarislowsky, Fraser Limited, have jointly disclosed a passive beneficial ownership of 5.97% in Colliers International Group Inc. common shares.

Summary

• Four Canadian investment entities – 1832 Asset Management L.P., MD Financial Management Inc., Scotia McLeod (a division of Scotia Capital Inc.), and Jarislowsky, Fraser Limited – have filed a Schedule 13G.
• The filing discloses their aggregate beneficial ownership of Common Shares in Colliers International Group Inc.
• As of the event date of June 30, 2025, the reporting persons collectively beneficially own 2,945,301 shares.
• This aggregate ownership represents 5.97% of the class of Colliers International Group Inc. Common Shares.
• Jarislowsky, Fraser Limited holds the largest portion with 2,532,836 shares, representing 5.1311% of the class, with sole voting and dispositive power.
• 1832 Asset Management L.P. holds 351,344 shares, representing 0.7118% of the class, with both sole and shared voting/dispositive power.
• MD Financial Management Inc. holds 35,717 shares, representing 0.0724% of the class, with sole voting and dispositive power.
• Scotia McLeod holds 25,404 shares, representing 0.0515% of the class, with sole voting and dispositive power.
• The filing certifies that 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 filing is a routine beneficial ownership disclosure, indicating a neutral sentiment as it does not convey positive or negative operational or financial news, but rather a passive investment.

Positives

• The disclosure indicates continued investment by institutional entities in Colliers International Group Inc.

Negatives

• No specific negative information is contained within this beneficial ownership disclosure.

Risks

• No specific risks related to the issuer's operations or financial health are disclosed in this beneficial ownership filing.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Colliers International Group Inc.'s future outlook.

Industry Context

This filing reflects a passive investment by several Canadian financial institutions in Colliers International Group Inc., a global leader in commercial real estate services and investment management. Such institutional holdings are common for publicly traded companies and indicate investor confidence in the sector, though this specific filing does not provide deeper industry analysis.

Comparison to Industry Standards

• This Schedule 13G filing is a standard regulatory disclosure for passive beneficial ownership exceeding 5% in a public company, aligning with SEC requirements for institutional investors.
• The combined 5.97% stake is a significant institutional holding, comparable to typical passive stakes held by large asset managers in other global real estate service firms like CBRE Group, JLL, or Cushman & Wakefield, where institutional ownership often constitutes a substantial portion of the float.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by institutional investors may be viewed positively as it indicates institutional confidence and liquidity in the stock, without suggesting an intent to influence company control.

Key Dates

Keywords

Colliers International Group Inc., Schedule 13G, Beneficial Ownership, Institutional Investment, Real Estate Services, Investment Management, Common Shares, 1832 Asset Management L.P., MD Financial Management Inc., Scotia McLeod, Jarislowsky, Fraser Limited