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    SEC Form SC 13D/A filed by Osisko Gold Royalties Ltd (Amendment)

    1/5/23 5:00:21 PM ET
    $OR
    Precious Metals
    Basic Materials
    Get the next $OR alert in real time by email
    SC 13D/A 1 brhc10046366_sc13da.htm SC 13D/A

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    SCHEDULE 13D
    (Rule (13d-101)
    (Amendment No. 6)

    INFORMATION TO BE INCLUDED IN STATEMENTS
    FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
    THERETO FILED PURSUANT TO RULE 13-d2(a)

    OSISKO GOLD ROYALTIES LTD
    (Name of Issuer)

    Common Shares
    (Title of Class of Securities)

    68827L101
    (CUSIP Number)

    Soulef Hadjoudj
    Caisse de dépôt et placement du Québec
    1000, place Jean-Paul-Riopelle
    Montréal, Québec
    H2Z 2B3
    (514) 847-5998
    (Name, Address and Telephone Number of Person
    Authorized to Receive Notices and Communications)

    January 4, 2023
    (Date of Event which Requires Filing of this Statement)

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐

    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



    1
    NAMES OF REPORTING PERSONS
     
     
    CDP Investissements Inc.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☐

    (b)
    ☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Québec, Canada
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     

     
     
     
     
    8
    SHARED VOTING POWER
     
     
    8,970,040 (See Items 3 and 5)
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     

     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    8,970,040 (See Items 3 and 5)
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
     8,970,040 (1)
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    4.9% (2)
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    CO
     
     
     
     

    (1) Caisse de dépôt et placement du Québec is the sole owner of CDP Investissements Inc, which directly holds 8,970,040 common shares. See Items 3 and 5 below.
     
    (2) The percentage ownership interest is calculated based on 183,921,409 common shares outstanding, as reported in the Issuer’s press release dated December 8, 2022.


    1
    NAMES OF REPORTING PERSONS
     
     
    Caisse de dépôt et placement du Québec
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☐
     
    (b)
    ☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐
     
     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Québec, Canada
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
     
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    8,970,040 (See Items 3 and 5)
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
     
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    8,970,040 (See Items 3 and 5)
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    8,970,040 (1)
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐
     
     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    4.9% (2)
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     

    (1) Caisse de dépôt et placement du Québec is the sole owner of CDP Investissements Inc., which holds 8,970,040 common shares. See Items 3 and 5 below.
     
    (2) The percentage ownership interest is calculated based on 183,921,409 shares outstanding as reported in the Issuer’s press release dated December 8, 2022.


    ITEM 1.
    SECURITY AND ISSUER.

    This amendment No. 6 (“Amendment No. 5”) amends the Schedule 13D originally filed on August 10, 2017, as amended by Amendment No. 1, dated July 7, 2021, Amendment No. 2, dated July 16, 2021, Amendment No. 3, dated November 11, 2022, Amendment No. 4, dated November 25, 2022 and Amendment No. 5, dated December 12, 2022 (as amended, the “Schedule 13D”) relating to the Common Shares (the “Shares”) issued by Osisko Gold Royalties Ltd (the “Issuer”).

    The principal executive offices of the Issuer are located at 1100 des Canadiens-de-Montréal Avenue, # 300, Montreal (Quebec) CANADA, H3B 2S2.

    Capitalized terms used but not defined in this Amendment No. 6 shall have the meanings set forth in the Schedule 13D.

    Except as specifically amended by this Amendment No. 6, the Schedule 13D is unchanged.

    ITEM 5.
    INTEREST IN SECURITIES OF THE ISSUER.
     
    Item 5 of the Schedule 13D is hereby amended and restated to read in full as follows:
     
    “The percentage calculations set forth in this Item 5 and the information on the cover page are based on there being 183,921,409 Shares outstanding.
     
    (a) and (b)
     
    As a result of the transactions described in Item 3 and 4 of Schedule 13D and the transactions set forth in Annex B, CDP is the direct beneficial owner of 8,970,040 Shares. The Shares held by CDP represent approximatively 4.9 % of the Issuer's outstanding Shares. CDPQ, through its ownership of CDP, may be deemed to share voting and dispositive power over the Shares beneficially owned or deemed to be beneficially owned by CDP.
     
    (c) The transactions by the Reporting Persons in the Shares during the past sixty days are set forth in Annex B. Except as otherwise disclosed therein, the Reporting Persons have not effected any transaction in the Shares in the last 60 days.
     
    (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of the Shares beneficially owned by the Reporting Persons.
     
    (e) Not applicable. ”
     
    Item 7.
    MATERIAL TO BE FILED AS EXHIBITS
     
    Item 7 of the Schedule 13D is hereby amended and supplemented by adding the following:

    Exhibit
    No.
    Description
    99.1
    Joint Filing Agreement, dated as of January 5, 2023, between the Reporting Persons.


    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.
     
    Dated: January 5, 2023
     
        
    CDP Investissements Inc.
     

     
    By:
    /S/ Alice Monet
     

    Name:
    Alice Monet  

    Title:
    Corporate Secretary  
     

    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.
     
    Dated: January 5, 2023
     
         
    CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
     
         
    By:
    /S/ Soulef Hadjoudj
     
     
    Name:
    Soulef Hadjoudj
     
     
    Title:
    Authorized Signatory
     


    Annex A
     
    CDP INVESTISSEMENTS INC
    Directors and Officers
     
    Name
    Business Address
     
    Principal Occupation or Employment
    Citizenship
    Kim Thomassin
    1000, place Jean-Paul-Riopelle
    Montreal, Quebec, H2Z 2B3
     
    Corporate Director and President
    Canadian
           
     
    Christian Grimm
    1000, place Jean-Paul-Riopelle
    Montreal, Quebec, H2Z 2B3
     
    Corporate Director and Vice-President
    Canadian
           
     
    Martin Longchamps
    1000, place Jean-Paul Riopelle
    Montreal, Quebec, H2Z 2B3
     
    Corporate Director
    Canadian
           
     
    Alice Monet
    1000, place Jean-Paul-Riopelle
    Montreal, Quebec, H2Z 2B3
     
    Corporate Secretary
    Canadian
           
     
    Mélanie Julien
    1000, place Jean-Paul-Riopelle
     
    Assistant Corporate Secretary
    Canadian
     
    CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
     
    Directors and Officers
     
    Name
    Business Address
     
    Principal Occupation or Employment
    Citizenship
    Jean St-Gelais
    1000, place Jean-Paul-Riopelle
    Montréal, Québec
    H2Z 2B3
     
    Chairman of the Board of Directors
    Canadian
    Jean-François Blais
    1000, place Jean-Paul-Riopelle
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director
     
    Canadian
    Ivana Bonnet Zivcevic
    1000, place Jean-Paul-Riopelle
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director, Senior Country  Officer,   Crédit Agricole CIB Italy
     
    Serbian, French
    Alain Côté
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director
    Canadian
     


    René Dufresne
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director
    President and General Manager, Retraite Québec
    Canadian
    Charles Emond
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    President, Chief Executive Officer and  Corporate Director
    Canadian
    Olga Farman
     
     
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director, Managing Director, Norton Rose Fulbright
     
    Canadian
    Nelson Gentiletti
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director
    Canadian
    Gilles Godbout
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director
    Canadian
    Lynn Jeanniot
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director
    Canadian
    Maria S. Jelescu
    Dreyfus
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director, Chief Executive Officer, Ardinall Investment Management
     
    Romanian
    Diane Lemieux
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director, President and Chief Executive Officer, Commission de la construction du Québec
    Canadian
    Martin Longchamps
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President and Head of Private   Equity
    Canadian
    Wendy Murdock
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Corporate Director
    Canadian
    Maxime Aucoin
    1000, place Jean-Paul-Riopelle
    9th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President and Head of Total Portfolio
    Canadian


    Helen Beck
    1000, place Jean-Paul-Riopelle
    9th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President and Head of Equity Markets
    Canadian
    Claude Bergeron
    1000, place Jean-Paul-Riopelle
    9th floor
    Montréal, Québec
    H2Z 2B3
     
    Chief Risk Officer and Head of Depositor Relationships
    Canadian
    Marc-André Blanchard
    1000, place Jean-Paul-Riopelle
    10th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President and Head of CDPQ Global
    Canadian
    Ani Castonguay
    1000, place Jean-Paul-Riopelle
    10th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President, Public Affairs
    Canadian
    Marc Cormier
    1000, place Jean-Paul-Riopelle
    6th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President and Head of Fixed Income
    French and Canadian
    Martin Coiteux
    1000, place Jean-Paul-Riopelle
    4th floor
    Montréal, Québec
    H2Z 2B3
     
    Head of Economic Analysis and Global Strategy
    Canadian
    Vincent Delisle
    1000, place Jean-Paul-Riopelle
    7th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President and Head of Liquid Markets
    Canadian
    Ève Giard
    1000, place Jean-Paul-Riopelle
    5th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President, Talent and Performance
    Canadian
    Emmanuel Jaclot
    1000, place Jean-Paul-Riopelle
    8th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President and Head of Infrastructure
    French
    Maarika Paul
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President and Chief Financial and Operations Officer
    Canadian
    Alexandre Synnett
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President, Private Equity, Technology
    Canadian


    Kim Thomassin
     
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President and Head of Québec
    Canadian
    Nathalie Palladitcheff
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    President and Chief Executive Officer Ivanhoé Cambridge
    French
    Rana Ghorayeb
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    President and Chief Executive Officer Otéra Capital
    Canadian
    Michel Lalande
    1000, place Jean-Paul-Riopelle
    11th floor
    Montréal, Québec
    H2Z 2B3
     
    Executive Vice-President, Legal Affairs and Secretariat
    Canadian


    Annex B

    Schedule of Transactions

    CDP Investissements Inc.
     
    Reporting Person
    Date of
    Transaction
    Security
    Amount of
    Securities Sold
    Unit Cost (CAD)
    Where and How
    Effected1
    CDP Investissements Inc.
    November 14, 2022
    Common Shares
    94,593
    $17.04
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    November 14, 2022
    Common Shares
    100,000
    $17.00
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    November 18, 2022
    Common Shares
    50,000
    $17.00
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    November 18, 2022
    Common Shares
    7,100
    $17.00
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    November 21, 2022
    Common Shares
    100,000
    $17.00
    Canada
    Toronto Stock
     Exchange
    CDP Investissements Inc
    November 21, 2022
    Common Shares
    50,000
    $17.00
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc
    November 21, 2022
    Common Shares
    209,409
    $17.00
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc
    November 21, 2022
    Common Shares
    2,600
    $17.00
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc
    November 22, 2022
    Common Shares
    200,000
    $17.00
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc
    November 22, 2022
    Common Shares
    16,810
    $17.00
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc
    November 23, 2022
    Common Shares
    101,702
    $17.00
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc
    November 23, 2022
    Common Shares
    500,000
    $17.05
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc
    November 23, 2022
    Common Shares
    19,398
    $17.08
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    November 24, 2022
     
    Common Shares
    1,500
    $17.11
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    November 24, 2022
    Common Shares
    248,400
    $17.04
    Canada
    Toronto Stock
    Exchange



    1 All transactions were effected on the open market on the Toronto Stock Exchange


    CDP Investissements Inc.
    November 30, 2022
    Common Shares
    300,000
    $17.07
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    November 30, 2022
    Common Shares
    156,727
    $17.07
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 1, 2022
    Common Shares
    37,842
    $17.16
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 1, 2022
    Common Shares
    250,000
    $17.15
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 1, 2022
    Common Shares
    293,975
    $17.15
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 2, 2022
    Common Shares
    95,958
    $17.16
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 2, 2022
    Common Shares
    150,000
    $17.12
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 6, 2022
    Common Shares
    7,234
    $17.02
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 6, 2022
    Common Shares
    100,000
    $17.05
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 7, 2022
    Common Shares
    288,966
    $17.04
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 7, 2022
    Common Shares
    50,000
    $17.05
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 9, 2022
    Common Shares
    50,000
    $16.72
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 9, 2022
    Common Shares
    250,000
    $17.00
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    December 9, 2022
    Common Shares
    9,500
    $17.06
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    January 3, 2022
    Common Shares
    13,800
    $17.04
    Canada
    Toronto Stock
    Exchange
    CDP Investissements Inc.
    January 4, 2022
    Common Shares
    250,000
    $17
    Canada
    Toronto Stock
    Exchange
     
    Caisse de dépôt et placement du Québec
     
    None.
     


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