CPP Investments Amends Essential Utilities Stake Filing

TL;DR

CPP Investments updated its filing for Essential Utilities, no major changes reported yet.

AI Summary

Canada Pension Plan Investment Board (CPP Investments) filed an amendment to its Schedule 13D on November 8, 2024, regarding its holdings in Essential Utilities, Inc. The filing indicates a change in the reporting person, with CPP Investments now being the primary filer. No specific changes in beneficial ownership percentage or dollar amounts were detailed in this amendment.

Why It Matters

This amendment signals a potential shift in how CPP Investments reports its stake in Essential Utilities, which could be a precursor to further actions or simply a procedural update.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate changes in a significant shareholder's intentions or holdings, warranting close monitoring.

Key Players & Entities

• Canada Pension Plan Investment Board (company) — Reporting Person
• Essential Utilities, Inc. (company) — Subject Company
• CPP Investments (company) — Reporting Person (abbreviated)
• Patrice Walch-Watson (person) — Contact Person for Filing

FAQ

Key Financial Figures

• $0.50 — ame of Issuer) Common Stock, par value $0.50 per share (Title of Class of Securitie

Filing Documents

• tm2427948d1_sc13da.htm (SC 13D/A) — 77KB
• 0001104659-24-115896.txt ( ) — 78KB

Purpose of Transaction

Item 4. Purpose of Transaction.

of the Statement is hereby amended and supplemented as follows

Item 4 of the Statement is hereby amended and supplemented as follows: On November 6, 2024, Ms. Edwina Kelly, PMI-2’s designee to the Issuer’s Board, tendered her resignation as a member of the Board (the “Resignation”). PMI-2 has irrevocably waived its right to designate a director to fill the vacancy left by the Resignation.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of the Statement is hereby amended and restated as follows

Item 5 of the Statement is hereby amended and restated as follows: (a) – (b) See Items 7 to 11 and Item 13 on page 2 of this Schedule 13D. The Reporting Persons beneficially own, and have shared voting power and shared dispositive power with respect to, 21,661,095 shares of the Common Stock, representing approximately 7.9% of the outstanding Common Stock. Such percentage is calculated based on 273,674,394 shares of Common Stock outstanding as of August 8, 2024, as reported in the Prospectus Supplement. (c) Except as described in Item 3 above or elsewhere in this Schedule 13D, neither of the Reporting Persons nor, to the Reporting Persons’ knowledge, any Covered Person has effected any transactions in the Common Stock during the past sixty days. (d) No person (other than the Reporting Persons) is known to the Reporting Persons or, to the Reporting Persons’ knowledge, the Covered Persons, to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Common Stock covered by this Schedule 13D. (e) Not applicable. 4 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. Date : November 8, 2024 CANADA PENSION PLAN INVESTMENT BOARD By /s/ Kathryn Daniels Name: Kathryn Daniels Title: Managing Director, Head of Compliance CPP Investment Board PMI-2 Inc. By /s/ Pierre Abinakle Name: Pierre Abinakle Title: Secretary 5 POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENTS that the undersigned ("CPPIB") does hereby make, constitute and appoint KATHRYN DANIELS and RYAN BARRY, as its true and lawful attorneys-in-fact (the "Attorneys-In-Fact" and each an "Attorney-In-Fact" ), to execute and deliver in its name and on its behalf, any and all filings, be they written or oral, required to be made by CPPIB with respect to securities wh

View Full Filing

View this SC 13D/A filing on SEC EDGAR