SCHEDULE 13G/A: Mackenzie Financial Corporation Discloses Continued 7.4% Stake in TELUS International

Mackenzie Financial Corporation has filed an amended Schedule 13G, reaffirming its beneficial ownership of 7.4% of TELUS International (Cda) Inc.'s common shares as of March 31, 2025.

Summary

• Mackenzie Financial Corporation, an investment adviser based in Toronto, Ontario, Canada, filed an Amendment No. 7 to Schedule 13G.
• The filing reports beneficial ownership of 8,291,430 common shares of TELUS International (Cda) Inc. (CUSIP: 87975H100).
• This holding represents 7.4% of the issuer's class of common shares.
• Mackenzie Financial Corporation holds sole voting power and sole dispositive power over all 8,291,430 shares.
• 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 TELUS International (Cda) Inc.

Sentiment

Score: 5

Explanation: This is a neutral, factual regulatory filing reporting beneficial ownership. It does not contain positive or negative news about the issuer's performance or operations, nor does it indicate a change in investment strategy that would significantly alter sentiment.

Positives

• The disclosure of a significant 7.4% stake by a reputable institutional investor like Mackenzie Financial Corporation indicates continued confidence in TELUS International (Cda) Inc.
• The filing confirms that Mackenzie Financial holds sole voting and dispositive power over its substantial holding, indicating direct control over its investment decisions.

Future Outlook

This document does not provide any forward-looking statements or guidance regarding TELUS International (Cda) Inc.'s future performance or Mackenzie Financial Corporation's future investment intentions beyond the current holding.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." (Statement from Mackenzie Financial Corp. via Gillian Seidler, Vice-President & Chief Compliance Officer)

Industry Context

This filing is a standard disclosure for institutional investors holding more than 5% of a company's shares, indicating ongoing passive investment. It reflects a continued position by a major Canadian asset manager in a global digital customer experience and IT services company.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional shareholder's stake, confirming a large, passive investment.
• Management: Awareness of a major institutional holder's position.

Key Dates

Keywords

TELUS International (Cda) Inc., Mackenzie Financial Corporation, Schedule 13G, Beneficial Ownership, Common Shares, Institutional Investor, SEC Filing, Investment Adviser, Shareholding