SCHEDULE 13G/A: Mackenzie Financial Corporation Discloses 6.08% Passive Stake in Stantec Inc.

Mackenzie Financial Corporation has filed an amended Schedule 13G, reporting a 6.08% beneficial ownership stake in Stantec Inc. as of March 31, 2025.

Summary

• Mackenzie Financial Corporation, an investment adviser based in Toronto, Ontario, Canada, has reported beneficial ownership of 6,936,608 common shares of Stantec Inc.
• This ownership represents 6.08% of Stantec Inc.'s outstanding common shares.
• Mackenzie Financial Corporation holds sole voting power and sole dispositive power over all 6,936,608 shares.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Stantec Inc.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing (Schedule 13G) reporting a passive ownership stake. It contains no performance data, forward-looking statements, or strategic updates from the issuer, thus maintaining a neutral sentiment.

Positives

• The disclosure confirms a significant institutional investor, Mackenzie Financial Corporation, maintains a substantial passive stake in Stantec Inc., indicating continued confidence in the company.

Risks

• Mackenzie Financial Corporation's investment is passive, meaning they do not intend to influence or change the control of Stantec Inc., which may limit their direct impact on corporate governance or strategic direction.

Future Outlook

This document does not contain any forward-looking statements or guidance regarding Stantec Inc.'s future performance or outlook.

Management Comments

• Mackenzie Financial Corp. (Reporting Person) certified that the securities 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.

Industry Context

This filing is a routine disclosure of a passive institutional investment in a publicly traded company. Stantec Inc. operates in the professional services and consulting industry, providing design and engineering services. Mackenzie Financial Corporation is a major Canadian asset management firm. Such filings are common as large investment firms manage diversified portfolios.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, potentially reinforcing confidence in the company's stock.

Key Dates

Keywords

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