Amendment: SEC Form SC 13G/A filed by Brookfield Wealth Solutions Ltd.
$BNT
Property-Casualty Insurers
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
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Brookfield Wealth Solutions Ltd. (formerly Brookfield Reinsurance Ltd.)
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(Name of Issuer)
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Class A Exchangeable Shares
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(Title of Class of Securities)
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G17434104 (formerly G16250105)
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(CUSIP Number)
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September 30, 2024
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(Date of Event which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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CUSIP No.
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Page 2 of 5 Pages
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G17434104 (formerly G16250105)
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Mawer Investment Management Ltd.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Canada
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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893,303
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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1,317,978
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,317,978
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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3.04%(1)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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Investment Advisor
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(1) Based upon 43,385,526 Class A Exchangeable Shares of Brookfield Wealth Solutions Ltd. (formerly
Brookfield Reinsurance Ltd.) (the “Issuer”) outstanding as of June 30, 2024, as confirmed in the Issuer's Interim Financial Statements, filed with the Canadian Securities Administrators on August 13, 2024.
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CUSIP No.
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Page 3 of 5 Pages
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G17434104 (formerly G16250105)
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Item 1.
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(a)
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Name of Issuer:
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Brookfield Reinsurance Ltd. (formerly Brookfield Reinsurance Ltd.)
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(b)
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Address of Issuer’s Principal Executive Offices:
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Ideation House, 1st Floor, 94 Pitts Bay Road
Pembroke, Bermuda HM08
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Item 2.
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(a)
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Name of Persons Filing:
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Mawer Investment Management Ltd.
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(b)
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Address of Principal Business Office or, if none, Residence :
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600, 517 – 10th Avenue SW
Calgary, Alberta, Canada T2R 0A8
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(c)
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Citizenship:
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Canada
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(d)
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Title of Class of Securities:
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Class A Exchangeable Shares
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(e)
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CUSIP Number:
G17434104 (formerly G16250105)
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Item 3.
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If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is
a:
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(a)
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[ ] Broker or dealer registered under Section 15 of the Act.
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(b)
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[ ] Bank as defined in Section 3(a)(6) of the Act.
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(c)
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[ ] Insurance company as defined in Section 3(a)(19) of the Act.
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(d)
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[ ] Investment company registered under Section 8 of the Investment
Company Act of 1940.
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(e)
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[X] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E).
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(f)
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[ ] An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F).
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(g)
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[ ] A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G).
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(h)
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[ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act.
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(i)
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[ ] A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act
of 1940.
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CUSIP No.
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Page 4 of 5 Pages
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G17434104 (formerly G16250105)
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(j)
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[ ] A non-U.S. institution in accordance with Section 240.13d-1(b)(1) (ii)(J).
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(k)
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[ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).
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If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of
institution: _____________________________________________
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Item 4.
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Ownership.
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(a)
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Amount Beneficially Owned:
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1,317,978
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(b)
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Percent of Class:
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3.04%
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(c)
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Number of Shares as to which the person has:
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(i) sole power to vote or to direct the vote:
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893,303
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(ii) shared power to vote or direct the vote:
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0
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(iii) sole power to dispose or direct the disposition of:
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1,317,978
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(iv) shared power to dispose or to direct the disposition of:
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0
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Item 5.
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Ownership of Five Percent or Less of a Class:
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check the following: ☒
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person:
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| Not Applicable |
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CUSIP No.
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Page 5 of 5 Pages
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G17434104 (formerly G16250105)
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Item 7.
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Identification and Classification of Subsidiaries Which Acquired the Security Being Reported on by the Parent Holding
Company or Control Person.
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| Not Applicable |
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Item 8.
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Identification and Classification of Members of the Group.
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| Not Applicable | |||
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Item 9.
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Notice of Dissolution of Group.
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| Not Applicable |
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Item 10.
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Certification:
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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 any
transaction having that purpose or effect.
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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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Date: November 1, 2024
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| By: |
/s/ Samir Taghiyev
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| Name: |
Samir Taghiyev |
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| Title: |
Portfolio Manager
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