0001193125-18-078982.txt : 20180312 0001193125-18-078982.hdr.sgml : 20180312 20180312140455 ACCESSION NUMBER: 0001193125-18-078982 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180312 DATE AS OF CHANGE: 20180312 GROUP MEMBERS: EDGEPOINT GLOBAL PORTFOLIO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Seritage Growth Properties CENTRAL INDEX KEY: 0001628063 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 383976287 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88934 FILM NUMBER: 18682925 BUSINESS ADDRESS: STREET 1: 500 FIFTH AVENUE STREET 2: SUITE 1530 CITY: NEW YORK STATE: NY ZIP: 10110 BUSINESS PHONE: 2123557800 MAIL ADDRESS: STREET 1: 500 FIFTH AVENUE STREET 2: SUITE 1530 CITY: NEW YORK STATE: NY ZIP: 10110 FORMER COMPANY: FORMER CONFORMED NAME: Seritage Growth Properties, Inc. DATE OF NAME CHANGE: 20141215 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EdgePoint Investment Group Inc. CENTRAL INDEX KEY: 0001481669 IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 150 BLOOR STREET W SUITE 500 CITY: TORONTO STATE: A6 ZIP: M5S 2X9 BUSINESS PHONE: 416-963-9353 MAIL ADDRESS: STREET 1: 150 BLOOR STREET W SUITE 500 CITY: TORONTO STATE: A6 ZIP: M5S 2X9 FORMER COMPANY: FORMER CONFORMED NAME: EdgePoint Investment Group Inc DATE OF NAME CHANGE: 20110126 FORMER COMPANY: FORMER CONFORMED NAME: EdgePoint Investment Management Inc DATE OF NAME CHANGE: 20100121 SC 13G 1 d536480dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

SERITAGE GROWTH PROPERTIES

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

81752R100

(CUSIP Number)

February 28, 2018

(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)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

* 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 (“Act”) 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).

 

 

 


CUSIP No. 81752R100    13G    Page 2 of 6 Pages

 

  1.   

NAMES OF REPORTING PERSONS

 

EdgePoint Investment Group 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

 

Ontario, Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

0

   6.   

SHARED VOTING POWER

 

4,577,206

   7.   

SOLE DISPOSITIVE POWER

 

0

   8.   

SHARED DISPOSITIVE POWER

 

4,577,206

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,577,206

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

13.4% (1)

12.  

TYPE OF REPORTING PERSON (see instructions)

 

FI

 

(1) The percentage set forth in Row 11 of this Cover Page is based on the 34,042,416 shares of Common Stock (as defined herein) of the Issuer (as defined herein) outstanding as of February 21, 2018, as reported in the Issuer’s Form 10-K filed with the Securities and Exchange Commission on February 28, 2018 (“Form 10-K”).


CUSIP No. 81752R100    13G    Page 3 of 6 Pages

 

  1.   

NAMES OF REPORTING PERSONS

 

EdgePoint Global Portfolio

  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

 

Ontario, Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

SOLE VOTING POWER

 

0

   6.   

SHARED VOTING POWER

 

2,626,905

   7.   

SOLE DISPOSITIVE POWER

 

0

   8.   

SHARED DISPOSITIVE POWER

 

2,626,905

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,626,905

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

7.7% (1)

12.  

TYPE OF REPORTING PERSON (see instructions)

 

FI

 

(1) The percentage set forth in Row 11 of this Cover Page is based on the 34,042,416 shares of Common Stock of the Issuer outstanding as of February 21, 2018, as reported in Form 10-K.


CUSIP No. 81752R100    13G    Page 4 of 6 Pages

 

Item 1.

 

  (a) Name of Issuer

Seritage Growth Properties

 

  (b) Address of Issuer’s principal executive offices

500 Fifth Avenue, Suite 1530, New York, New York 10110

Item 2.

 

  (a) Name of person filing

This Schedule 13G is being filed on behalf of EdgePoint Investment Group Inc. (“EdgePoint”) and EdgePoint Global Portfolio (“EGP”) with respect to the shares of Class A Common Stock, par value $0.01 per share (the “Common Stock”), of Seritage Growth Properties, a Maryland real estate investment trust (the “Issuer”).

EdgePoint acts as investment manager to, and exercises investment discretion with respect to the Common Stock directly owned by, a number of private investment funds and mutual fund trusts, including EGP, an Ontario mutual fund trust.

The filing of this statement should not be construed as an admission that EdgePoint is, for the purpose of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.

 

  (b) Address or principal business office or, if none, residence

150 Bloor Street West, Suite 500, Toronto, Ontario M5S 2X9, Canada

 

  (c) Citizenship

See Row 4 of each Cover Page.

 

  (d) Title of class of securities

Class A Common Stock, par value $0.01 per share

 

  (e) CUSIP No.

81752R100

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-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. 78o).
(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)   ☒   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).


CUSIP No. 81752R100    13G    Page 5 of 6 Pages

 

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: EdgePoint is comparable to an IA and EGP is comparable to an IV.

Item 4. Ownership.

The information required by Items 4(a)-(c) is set forth in Rows 5-11 of each Cover Page and is incorporated herein by reference.

EdgePoint expressly declares that this filing shall not be construed as an admission that it is, for the purposes of Sections 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this filing.

Item 5. Ownership of 5 Percent or Less of a Class.

Not applicable.

Item 6. Ownership of More than 5 Percent on Behalf of Another Person.

Not applicable.

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.

Item 8. Identification and Classification of Members of the Group.

Not applicable.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief: (i) 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; and (ii) the foreign regulatory scheme applicable to an IA, with respect to EdgePoint, and an IV, with respect to EGP, is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.


CUSIP No. 81752R100    13G    Page 6 of 6 Pages

 

SIGNATURES

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

DATED: March 12, 2018

EDGEPOINT INVESTMENT GROUP INC.

 

By:  

/s/ Sayuri Childs

Sayuri Childs, Chief Compliance Officer

 

EDGEPOINT GLOBAL PORTFOLIO
By: EdgePoint Investment Group Inc.
By:  

/s/ Sayuri Childs

Sayuri Childs, Chief Compliance Officer


JOINT FILING AGREEMENT

PURSUANT TO SECTION 240.13D-1 (K)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that it knows or has reason to believe that such information is inaccurate.

EDGEPOINT INVESTMENT GROUP INC.

 

By:  

/s/ Sayuri Childs

Sayuri Childs, Chief Compliance Officer

 

EDGEPOINT GLOBAL PORTFOLIO
By: EdgePoint Investment Group Inc.
By:  

/s/ Sayuri Childs

Sayuri Childs, Chief Compliance Officer