SCHEDULE: Heard Capital Discloses Telesat Corp Stake

Heard Capital LLC and William Heard have reported beneficial ownership of 4.16% of Telesat Corp's Class B Variable Voting Shares as of March 31, 2026.

Summary

• Heard Capital LLC and William Heard, collectively referred to as the Reporting Persons, have filed a Schedule 13G/A indicating their beneficial ownership of Telesat Corp's Class B Variable Voting Shares.
• As of March 31, 2026, the Reporting Persons beneficially owned 610,570 shares, representing 4.16% of the total outstanding Class A common shares and Class B variable voting shares.
• This ownership is held through the Heard High Conviction Long Only Fund LLC and separate accounts managed by Heard Capital, which has sole voting and disposition power over these shares.
• The filing is an amendment to a previous filing and is made pursuant to a Joint Filing Agreement between Heard Capital LLC and William Heard.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership and does not provide new operational or financial information about the company.

Positives

• Heard Capital LLC and William Heard have disclosed their significant stake in Telesat Corp, providing transparency to the market.
• The Reporting Persons hold sole voting and disposition power, indicating a clear investment strategy.
• The ownership percentage of 4.16% suggests a notable investment in the company.

Negatives

• No specific financial performance data or operational updates are provided in this filing, which is typical for a Schedule 13G.
• The filing does not offer insights into the company's current financial health or future prospects beyond the ownership disclosure.

Risks

• The filing does not explicitly mention any risks associated with Telesat Corp's operations or the investment itself.
• Potential future changes in ownership by the Reporting Persons could impact the stock price.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Telesat Corp's future performance.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant shareholders to report their holdings. This disclosure by Heard Capital LLC and William Heard indicates their strategic interest in Telesat Corp within the telecommunications and satellite services sector.

Stakeholder Impact

• Shareholders gain transparency into the ownership structure of Telesat Corp.
• The market has updated information on a significant institutional investor's stake.

Next Steps

• The Reporting Persons will continue to monitor their investment in Telesat Corp.
• Future filings will be made if ownership levels change significantly.

Key Dates

Keywords

Telesat Corp, Schedule 13G, Heard Capital LLC, William Heard, Beneficial Ownership, Class B Variable Voting Shares, SEC Filing, Investment Management