Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 4)*
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Telesat Corp (Name of Issuer) |
Class A Common Shares and Class B Variable Voting Shares (Title of Class of Securities) |
879512309 (CUSIP Number) |
03/31/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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 Rule 13d-1(c)
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| Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 879512309 |
| 1 | Names of Reporting Persons
Daniel Lau | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
BRITISH COLUMBIA, CANADA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
622,350.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
4.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: Percentage calculated based on 14,362,541 Class A Common Shares and Class B Variable Voting Shares outstanding on March 31, 2025, as reported in the Form 6-K filed by the Issuer May 6, 2025.
SCHEDULE 13G
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| CUSIP No. | 879512309 |
| 1 | Names of Reporting Persons
Christine Man | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
BRITISH COLUMBIA, CANADA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
550,450.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
3.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: Percentage calculated based on 14,362,541 Class A Common Shares and Class B Variable Voting Shares outstanding on March 31, 2025, as reported in the Form 6-K filed by the Issuer May 6, 2025.
SCHEDULE 13G
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| CUSIP No. | 879512309 |
| 1 | Names of Reporting Persons
LM Asset (IM) Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
BRITISH COLUMBIA, CANADA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
494,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
3.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IA, CO |
Comment for Type of Reporting Person: Percentage calculated based on 14,362,541 Class A Common Shares and Class B Variable Voting Shares outstanding on March 31, 2025, as reported in the Form 6-K filed by the Issuer May 6, 2025.
SCHEDULE 13G
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| CUSIP No. | 879512309 |
| 1 | Names of Reporting Persons
LM Asset Fund Limited Partnership | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
BRITISH COLUMBIA, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
494,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
3.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: Percentage calculated based on 14,362,541 Class A Common Shares and Class B Variable Voting Shares outstanding on March 31, 2025, as reported in the Form 6-K filed by the Issuer May 6, 2025.
SCHEDULE 13G
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| Item 1. | |
| (a) | Name of issuer:
Telesat Corp |
| (b) | Address of issuer's principal executive offices:
160 Elgin Street, Suite 2100, Ottawa, Ontario, Canada K2P 2P7 |
| Item 2. | |
| (a) | Name of person filing:
Daniel Lau Christine Man LM Asset (IM) Inc. ("LM Asset IM") LM Asset Fund Limited Partnership ("LM Fund") LM Asset IM is the investment adviser to LM Fund. Mr. Lau and Ms. Man are the control persons of LM Asset IM. The reporting persons are filing this statement jointly, but not as members of a group. Each reporting person expressly disclaims membership in a group. Each reporting person also disclaims beneficial ownership of the Common Stock except to the extent of that reporting person's pecuniary interest therein. In addition, the filing of this Schedule 13G on behalf of LM Fund should not be construed as an admission that it is, and it disclaims that it is, a beneficial owner, as defined in Rule 13d-3 under the Act, of any of the Stock covered by this Schedule 13G. |
| (b) | Address or principal business office or, if none, residence:
915 - 1055 West Hastings Street, Vancouver, BC, Canada, V6E 2E9 |
| (c) | Citizenship:
For citizenship of Filers, see Item 4 of the cover sheet for each Filer. |
| (d) | Title of class of securities:
Class A Common Shares and Class B Variable Voting Shares |
| (e) | CUSIP No.:
879512309 |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
Daniel Lau: 622,350 Christine Man: 550,450 LM Asset IM: 494,000 LM Fund: 494,000 |
| (b) | Percent of class:
Daniel Lau: 4.3% Christine Man: 3.8% LM Asset IM: 3.4% LM Asset Fund: 3.4% %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
Daniel Lau: 71,900 Christine Man: 0 LM Asset IM: 0 LM Asset Fund: 0 | |
| (ii) Shared power to vote or to direct the vote:
Daniel Lau: 550,450 Christine Man: 550,450 LM Asset IM: 494,000 LM Fund: 494,000 | |
| (iii) Sole power to dispose or to direct the disposition of:
Daniel Lau: 71,900 Christine Man: 0 LM Asset IM: 0 LM Asset Fund: 0 | |
| (iv) Shared power to dispose or to direct the disposition of:
Daniel Lau: 550,450 Christine Man: 550,450 LM Asset IM: 494,000 LM Fund: 494,000 | |
| Item 5. | Ownership of 5 Percent or Less of a Class. |
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Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, 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. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 a
ny transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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