SCHEDULE 13G/A: Franklin Templeton Investments Corp. Discloses 4.8% Stake in TELUS International

Franklin Templeton Investments Corp. has filed an amended Schedule 13G, disclosing a beneficial ownership of 4.8% in TELUS International (Cda) Inc.'s subordinate voting shares as of March 31, 2025.

Summary

• Franklin Templeton Investments Corp. (FTIC), an investment adviser and corporation based in Ontario, Canada, filed an Amendment No. 1 to Schedule 13G.
• The filing reports FTIC's beneficial ownership in TELUS International (Cda) Inc.'s subordinate voting shares, no par value.
• As of March 31, 2025, FTIC beneficially owned an aggregate of 5,314,628 shares, representing 4.8% of the class.
• FTIC holds sole voting power over 3,874,019 shares and sole dispositive power over 5,314,628 shares.
• 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 TELUS International.
• FTIC disclaims any pecuniary interest in the reported securities and states that the filing should not be construed as an admission of beneficial ownership as defined in Rule 13d-3.
• FTIC also asserts that it is not a 'group' with its parent holding company, Franklin Resources, Inc. (FRI), or other FRI affiliates, and exercises voting and investment powers independently.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of ownership and does not convey explicit positive or negative sentiment regarding the issuer's performance or prospects. It is neutral in tone.

Positives

• A significant stake (4.8%) held by a major investment firm like Franklin Templeton Investments Corp. can signal institutional confidence in TELUS International (Cda) Inc.

Negatives

• The beneficial ownership is below the 5% threshold, which means Franklin Templeton Investments Corp. does not hold a control-influencing stake and is not required to file a Schedule 13D, which would indicate an intent to influence or control the issuer.

Risks

• NA

Future Outlook

This document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance from TELUS International (Cda) Inc. or Franklin Templeton Investments Corp. regarding the issuer's future performance.

Management Comments

• Kathie Johnson, CCO and Chief Anti-Money Laundering Officer of Franklin Templeton Investments Corp., certified 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 the issuer.

Industry Context

This filing reflects a routine disclosure of institutional ownership, common in the financial industry, where large asset managers report their holdings in publicly traded companies. It does not provide specific insights into broader industry trends for TELUS International's sector but confirms continued institutional investment interest.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a reputable institutional investor like Franklin Templeton Investments Corp. may be viewed positively by existing and potential shareholders, indicating continued institutional confidence in the company.

Next Steps

• NA

Key Dates

Keywords

TELUS International, Franklin Templeton Investments Corp., Schedule 13G, Beneficial Ownership, Subordinate Voting Share, Institutional Investor, SEC Filing, Investment Adviser, Shareholding