Bank of Nova Scotia Amends Colliers International Stake

TL;DR

**Bank of Nova Scotia updated its Colliers stake, watch for market reaction.**

AI Summary

The Bank of Nova Scotia filed an amended SC 13G/A on February 13, 2024, indicating a change in its beneficial ownership of Colliers International Group Inc.'s Subordinate Voting Shares as of December 29, 2023. This filing, an amendment to a previous disclosure, signals that the bank's stake in Colliers has either increased or decreased, or its reporting status has changed. For investors, this matters because significant changes in institutional ownership can influence stock price and reflect a major financial institution's updated view on Colliers' prospects.

Why It Matters

Changes in large institutional holdings can signal shifts in market sentiment or investment strategy, potentially impacting Colliers' stock price and investor confidence.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently indicate a high level of risk.

Analyst Insight

Investors should monitor subsequent filings from The Bank of Nova Scotia or other major institutions to understand the full scope of changes in institutional ownership, as this could influence Colliers' stock performance.

Key Players & Entities

• Bank of Nova Scotia (company) — the entity filing the SC 13G/A, reporting its ownership in Colliers International Group Inc.
• Colliers International Group Inc. (company) — the issuer whose Subordinate Voting Shares are being reported on.
• December 29, 2023 (date) — the date of the event which required the filing of this statement.
• February 13, 2024 (date) — the date the SC 13G/A amendment was filed.
• 194693107 (number) — the CUSIP number for Colliers International Group Inc.'s Subordinate Voting Shares.

Forward-Looking Statements

• The Bank of Nova Scotia's updated position in Colliers International Group Inc. will be closely watched by other institutional investors. (Colliers International Group Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• cigia1_21324.htm (SC 13G/A) — 26KB
• 0001085146-24-001165.txt ( ) — 28KB

(a)

ITEM 1(a). NAME OF ISSUER: Colliers International Group Inc.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1140 BAY STREET, SUITE 4000, TORONTO, Ontario, Canada, M5S 2B4

(a)

ITEM 2(a). NAME OF PERSON FILING: The Bank of Nova Scotia

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 40 Temperance Street, Toronto, Ontario, M5H 0B4

(c)

ITEM 2(c). CITIZENSHIP: Canada

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Subordinate Voting Shares

(e)

ITEM 2(e). CUSIP NUMBER: 194693107 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] 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 (15 U.S.C. 80a-3); (j) [X] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: g ITEM 4. (a) Amount beneficially owned: 68,589 (b) Percent of class: 0.15% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 68,589 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 68,589 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. 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, chec

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