Thomson Reuters: Thomson Investments owns 70.34%
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Form Type
SCHEDULE 13D/A
Thomson Reuters Corporation (TRI) filed an ownership amendment reporting that Thomson Investments Limited beneficially owns 304,903,283 Common Shares, or 70.34% of the class. That amount includes 295,680,150 shares beneficially owned by The Woodbridge Company Limited and 9,223,133 beneficially owned by the family of the late Roy H. Thomson. The reported percentage is based on 433,458,865 shares outstanding as of November 2, 2026.
The company announced a Toronto Stock Exchange-approved normal course issuer bid to repurchase up to $500 million and up to 7 million Common Shares, approximately 1.6% of shares outstanding, from November 13, 2026 through November 12, 2027. Purchases from Woodbridge may begin November 13 on a basis proportionate to its interest; the automatic disposition plan provides for purchases during the TSX Special Trading Session on days the company also buys from other shareholders.
Participating entities sold 300,000 shares in open-market transactions on November 12 and 13. Average prices were $109.30 and $109.49 on US exchanges and CAD$155.85 and CAD$156.07 on Canadian exchanges, respectively.
Filing Explained
The reporting persons say they intend to maintain control; director deferred share units carry no votes and settle only after board service ends.
The reporting persons say they plan to maintain their controlling interest in Thomson Reuters. They report no current proposals for the listed corporate actions, though they may consider such plans in the future.
As of
Key Figures
Beneficially owned Common Shares: 304,903,283 shares
Class ownership: 70.34%
Common Shares outstanding: 433,458,865 shares
+5 more
8 metrics
Beneficially owned Common Shares
304,903,283 shares
Thomson Investments Limited; reported in the ownership amendment
Class ownership
70.34%
Based on 433,458,865 Common Shares outstanding as of November 2, 2026
Common Shares outstanding
433,458,865 shares
As of November 2, 2026
Normal course issuer bid amount
Up to $500 million
Repurchase program announced by Thomson Reuters
Maximum shares under bid
Up to 7 million Common Shares
Approximately 1.6% of shares outstanding; bid runs November 13, 2026 through November 12, 2027
Participating-entity sales
300,000 Common Shares
Open-market sales on November 12 and 13, 2026
US exchange average sale prices
$109.30 and $109.49 per share
November 12 and November 13, 2026, respectively
Canadian exchange average sale prices
CAD$155.85 and CAD$156.07 per share
November 12 and November 13, 2026, respectively
Key Terms
normal course issuer bid, automatic disposition plan, Special Trading Session, deferred share units, +2 more
6 terms
normal course issuer bid regulatory
"under a new normal course issuer bid (NCIB)"
A Normal Course Issuer Bid is when a company buys back its own shares from the stock market over time. This usually shows that the company believes its stock is undervalued and wants to support its price, which can be important for investors to watch.
automatic disposition plan financial
"entered into an automatic disposition plan agreement"
Special Trading Session technical
"during the TSX's Special Trading Session"
deferred share units financial
"acquired 1,417 deferred share units as compensation"
Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.
issuer bid exemption order regulatory
"receives, if applicable, an issuer bid exemption order"
An issuer bid exemption order is a special approval that allows a company to buy back its own shares without following some of the usual rules that protect investors. This order makes it easier for companies to repurchase their stock when they believe it’s a good investment, similar to a store offering a special sale to its own customers. For investors, it signals the company’s confidence in its value and can impact the stock’s market price.
beneficially owned regulatory
"304,903,283 Common Shares beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many TRI shares does Thomson Investments Limited beneficially own?
Thomson Investments Limited beneficially owns 304,903,283 Common Shares, or 70.34% of the class. The amount includes 295,680,150 shares beneficially owned by The Woodbridge Company Limited and 9,223,133 beneficially owned by the family of the late Roy H. Thomson. The percentage is based on 433,458,865 shares outstanding as of November 2, 2026.
How large is TRI’s new normal course issuer bid, and when does it run?
The company’s Toronto Stock Exchange-approved normal course issuer bid permits repurchases of up to $500 million and up to 7 million Common Shares, approximately 1.6% of shares outstanding. The bid runs from November 13, 2026 through November 12, 2027.
How are Thomson Reuters shares purchased from Woodbridge under the new bid?
Purchases from The Woodbridge Company Limited may begin on November 13, 2026 and are on a basis proportionate to its percentage interest. They are made during the TSX Special Trading Session under an automatic disposition plan, on trading days when the company also purchases shares from other shareholders. If Woodbridge does not sell as required, except due to a market disruption event, the TSX exemption ceases to apply and further purchases from Woodbridge under the bid are not permitted.
At what average prices did participating entities sell TRI shares?
Participating entities sold 300,000 Common Shares in open-market transactions on November 12 and 13, 2026. On US exchanges, average prices were $109.30 on November 12 and $109.49 on November 13; on Canadian exchanges, they were CAD$155.85 and CAD$156.07, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 25)
|
THOMSON REUTERS CORP /CAN/ (Name of Issuer) |
Common Shares of Thomson Reuters Corporation (Title of Class of Securities) |
884903709 (CUSIP Number) |
David Colman
65 Queen Street West, Suite 2400, Toronto
Ontario, Z4, M5H 2M8
(416)-364-8700
65 Queen Street West, Suite 2400, Toronto
Ontario, Z4, M5H 2M8
(416)-364-8700
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
11/11/2026
(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
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).
schemaVersion:
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
THOMSON INVESTMENTS LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
304,903,283.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
70.34 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to rows 8 and 10 above, includes 295,680,150 common shares of Thomson Reuters Corporation ("Common Shares") beneficially owned by The Woodbridge Company Limited and subsidiaries and 9,223,133 Common Shares beneficially owned by the family of the late Roy H. Thomson, the first Lord Thomson of Fleet through various affiliated corporations.
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
THE WOODBRIDGE COMPANY LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
295,680,150.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
68.21 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1908720 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
199,198,294.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
45.96 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1396164 Ontario Limited | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
13,141,149.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
3.03 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
Woodbridge Investments Corporation | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
2,267.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1001810107 Ontario Limited | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
83,338,440.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
19.23 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
KRT INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
86,399.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.02 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
DKRT FAMILY CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
272,589.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.06 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
DKRT INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
322,700.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.07 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
DKRT FUNDING CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
135,504.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.03 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1000920847 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
255,985.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.06 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
MB FINANCE CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
1,571.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
TT INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
24,364.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.01 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
TLT INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
521,989.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.12 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
TLT ISSUE HOLDCO A CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
192,875.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.04 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
TLT ISSUE HOLDCO CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
748,020.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.17 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1761173 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
1,400,230.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.32 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
2677295 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
686,244.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.16 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1000919995 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
255,985.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.06 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1754693 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
431,116.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.10 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
PJT INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
266,123.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.06 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1000920848 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
255,985.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.06 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
PGF INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
20,043.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
PGF FAMILY CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
19,675.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
LCC INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
1,026,539.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.24 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1000078931 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
375,122.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.09 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1000421133 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
39,216.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.01 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
LLD INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
94,873.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.02 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
2806335 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
21,934.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.01 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
JRD INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
248,222.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.06 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
2754783 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
7,344.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
GED INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
288,906.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.07 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
SEG FAMILY CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
12.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
TCM INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
264,113.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.06 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
DYM INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
196,455.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.05 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
BG INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
405,977.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.09 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
ACG INVESTMENTS CORP. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
229,530.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.05 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1001404651 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
1,594.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
2808194 ONTARIO LIMITED | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
ONTARIO, CANADA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
125,899.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.03 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 433,458,865 Common Shares outstanding as of November 2, 2026.
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Shares of Thomson Reuters Corporation | |
| (b) | Name of Issuer:
THOMSON REUTERS CORP /CAN/ | |
| (c) | Address of Issuer's Principal Executive Offices:
19 Duncan Street, Toronto,
ONTARIO, CANADA
, M5H 3H1. | |
Item 1 Comment:
Explanatory Note: The common shares (the "Common Shares") of Thomson Reuters Corporation ("Thomson Reuters") that are the subject matter of this Amendment No. 25 to Schedule 13D are beneficially owned by Thomson Investments Limited, The Woodbridge Company Limited ("Woodbridge"), 1908720 Ontario Limited, 1396164 Ontario Limited, Woodbridge Investments Corporation, 1001810107 Ontario Limited, KRT Investments Corp., DKRT Family Corp., DKRT Investments Corp., DKRT Funding Corp., 1000920847 Ontario Limited, MB Finance Corp., TT Investments Corp., TLT Investments Corp., TLT Issue Holdco A Corp., TLT Issue Holdco Corp., 1761173 Ontario Limited, 2677295 Ontario Limited, 1000919995 Ontario Limited, 1754693 Ontario Limited, PJT Investments Corp., 1000920848 Ontario Limited, PGF Investments Corp., PGF Family Corp., LCC Investments Corp., 1000078931 Ontario Limited, 1000421133 Ontario Limited, LLD Investments Corp., 2806335 Ontario Limited, JRD Investments Corp., 2754783 Ontario Limited, GED Investments Corp., SEG Family Corp., TCM Investments Corp., DYM Investments Corp., BG Investments Corp., ACG Investments Corp., 1001404651 Ontario Limited and 2808194 Ontario Limited (each a "Reporting Person" and collectively, the "Reporting Persons").
Woodbridge, a private company, is the primary investment vehicle for members of the family of the late Roy H. Thomson, the first Lord Thomson of Fleet. Prior to his death in 2006, Kenneth R. Thomson controlled Thomson Reuters through Woodbridge. He did so by holding shares of a holding company of Woodbridge, Thomson Investments Limited. Under his estate arrangements, the 2003 TIL Settlement, a trust of which The Bank of Nova Scotia Trust Company (the "Trust Company") is trustee and members of the family of the late first Lord Thomson of Fleet are beneficiaries, holds those holding company shares. Kenneth R. Thomson established these arrangements to provide for long-term stability of the business of Woodbridge. The equity of Woodbridge continues to be owned by members of successive generations of the family of the first Lord Thomson of Fleet. Under the Kenneth R. Thomson estate arrangements, the directors and officers of Woodbridge are responsible for its business and operations. In certain limited circumstances, including very substantial dispositions of Common Shares by Woodbridge, the estate arrangements provide for approval of the Trust Company, as trustee, to be obtained.
As of November 13, 2026, Thomson Investments Limited is the beneficial owner of 304,903,283 Common Shares, representing approximately 70.34% of the outstanding Common Shares. Of those Common Shares, Woodbridge is the beneficial owner of 295,680,150 Common Shares, representing approximately 68.21% of the outstanding Common Shares.
This Amendment No. 25 to Schedule 13D is being filed to report certain information under Item 2, Item 4, Item 5, Item 6, Item 7 and Schedule A (attached as Exhibit 3) hereto. This Schedule 13D amends, restates and updates the amendment to Schedule 13D filed by Woodbridge on April 17, 2026. There has been no material change in the Thomson family's beneficial ownership of Common Shares since then. | ||
| Item 2. | Identity and Background | |
| (a) | Thomson Investments Limited, Woodbridge, 1908720 Ontario Limited, 1396164 Ontario Limited, Woodbridge Investments Corporation, 1001810107 Ontario Limited, KRT Investments Corp., DKRT Family Corp., DKRT Investments Corp., DKRT Funding Corp., 1000920847 Ontario Limited, MB Finance Corp., TT Investments Corp., TLT Investments Corp., TLT Issue Holdco A Corp., TLT Issue Holdco Corp., 1761173 Ontario Limited, 2677295 Ontario Limited, 1000919995 Ontario Limited, 1754693 Ontario Limited, PJT Investments Corp., 1000920848 Ontario Limited, PGF Investments Corp., PGF Family Corp., LCC Investments Corp., 1000078931 Ontario Limited, 1000421133 Ontario Limited, LLD Investments Corp., 2806335 Ontario Limited, JRD Investments Corp., 2754783 Ontario Limited, GED Investments Corp., SEG Family Corp., TCM Investments Corp., DYM Investments Corp., BG Investments Corp., ACG Investments Corp., 1001404651 Ontario Limited and 2808194 Ontario Limited. | |
| (b) | See Schedule A for the address of each Reporting Person. | |
| (c) | See Schedule A for certain information as to the executive officers and directors of each Reporting Person. | |
| (d) | To the knowledge of each Reporting Person, neither such Reporting Person, nor any executive officer or director of such Reporting Person, has been convicted during the last five years in any criminal proceeding (excluding traffic violations or similar misdemeanors). | |
| (e) | Further, to the knowledge of each Reporting Person, neither such Reporting Person, nor any executive officer or director of such Reporting Person, has been a party during the last five years to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violation of, or prohibiting or mandating activities subject to, U.S. federal or state securities laws, or finding any violation with respect to such laws. | |
| (f) | See Schedule A for certain information as to the executive officers and directors of each Reporting Person.
For further explanation of the background of the arrangements relating to ownership of Common Shares, see the "Explanatory Note" above. | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
Not applicable. | ||
| Item 4. | Purpose of Transaction | |
See Item 5(c) for a discussion of certain transactions by the Reporting Persons in the Common Shares.
Thomson Investments Limited, Woodbridge and the other Reporting Persons plan to maintain their controlling interest in Thomson Reuters. From time to time, each of the Reporting Persons may acquire or dispose of Common Shares, including, without limitation, by way of ordinary broker transactions, privately negotiated transactions, public offerings and participation in normal-course issuer bids for liquidity and other reasons. Although there are currently no plans or proposals, the Reporting Persons may consider or develop plans or proposals in the future that relate to items (a) through (j) below. This may include, but not be limited to, increasing or decreasing their investment in Common Shares and/or engagement with Thomson Reuters, other shareholders, advisors or third-parties with respect to Thomson Reuters' strategy, corporate governance including director nominees, capital structure and strategic alternatives.
Except as disclosed herein, none of the Reporting Persons nor, to the knowledge of the Reporting Persons, their respective directors and executive officers, has any plans or proposals that relate to or would result in:
(a) the acquisition by any person of additional securities of Thomson Reuters, or the disposition of securities of Thomson Reuters;
(b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving Thomson Reuters;
(c) a sale or transfer of a material amount of assets of Thomson Reuters;
(d) any change in the present Board or management of Thomson Reuters, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board;
(e) any material change in the present capitalization or dividend policy of Thomson Reuters;
(f) any other material change in Thomson Reuters's business or corporate structure;
(g) changes in the charter, bylaws or instruments corresponding thereto of Thomson Reuters or other actions which may impede the acquisition of control of Thomson Reuters by any person;
(h) causing a class of securities of Thomson Reuters to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
(i) a class of equity securities of Thomson Reuters becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or
(j) any action similar to any of those enumerated above.
On November 11, 2026, Thomson Reuters announced that it plans to repurchase up to $500 million of the Common Shares. Purchases of Common Shares will occur under a new normal course issuer bid ("NCIB") that has been approved by the Toronto Stock Exchange ("TSX"). Under the new NCIB, up to 7 million Common Shares (which represents approximately 1.6% of Thomson Reuters' 433,458,865 issued and outstanding Common Shares as of November 2, 2026) may be repurchased between November 13, 2026 and November 12, 2027. Under the NCIB, Common Shares may be repurchased in open market transactions on the TSX, the Nasdaq Global Select Market ("Nasdaq") and/or other exchanges and alternative trading systems, if eligible, or by such other means as may be permitted by the TSX and/or Nasdaq or under applicable law, including private agreement purchases or share purchase program agreement purchases if Thomson Reuters receives, if applicable, an issuer bid exemption order in the future from applicable securities regulatory authorities in Canada for such purchases. The price that Thomson Reuters will pay for Common Shares in open market transactions will be the market price at the time of purchase or such other price as may be permitted by the TSX. Thomson Reuters will be permitted to purchase Common Shares from Woodbridge commencing on November 13, 2026, in accordance with an exemption granted by the TSX pursuant to its rules, regulations and policies in connection with the NCIB, on a basis proportionate to Woodbridge's percentage interest in Thomson Reuters. The maximum number of Common Shares that may be purchased in the open market pursuant to the NCIB will be reduced by the number of Common Shares purchased by Thomson Reuters from Woodbridge.
In connection with the NCIB, on November 11, 2026, Woodbridge, Thomson Reuters and Thomson Reuters' broker, TD Securities Inc., entered into an automatic disposition plan agreement (the "ADP Agreement"). Purchases from Woodbridge will be made during the TSX's Special Trading Session pursuant to such ADP. Purchases from Woodbridge will be made on trading days, as required by the ADP Agreement, that Thomson Reuters makes a purchase from other shareholders. In the event that Woodbridge does not sell Common Shares on any trading day as required by the terms of the ADP Agreement (other than as a result of a market disruption event), the TSX exemption will cease to apply and Thomson Reuters will not be permitted to make any further purchases from Woodbridge under the terms of the NCIB. From time to time, Woodbridge may dispose of or acquire Common Shares outside of the NCIB for liquidity and other reasons and such transactions may occur during the course of this NCIB, which transactions would adjust Woodbridge's proportionate interest in Thomson Reuters and, correspondingly, the number of Common Shares to be purchased from Woodbridge under the ADP Agreement. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | See cover pages of this Amendment for each of the Reporting Persons and Schedule A for each of the directors and executive officers of the Reporting Persons. | |
| (b) | See cover pages of this Amendment for each of the Reporting Persons and Schedule A for each of the directors and executive officers of the Reporting Persons. | |
| (c) | None of the Reporting Persons has effected any transactions in Common Shares during the past 60 days, except as set forth below.
On November 2, 2026, SEG Family Corp. acquired 449,411 Common Shares from SEG Investments Corp. (such amount representing all Common Shares beneficially owned by SEG Investments Corp.) in exchange for preference shares of SEG Family Corp. As a result of the foregoing transaction, SEG Investments Corp. no longer beneficially holds any Common Shares and, therefore, ceased to be a Reporting Person on November 2, 2026.
On November 2, 2026, Lothlorien Limited acquired 457,991 Common Shares from 1000031857 Ontario Limited (such amount representing all Common Shares beneficially owned by 1000031857 Ontario Limited) in connection with the wind-up and dissolution of 1000031857 Ontario Limited. On November 2, 2026, upon receiving the Common Shares, Lothlorien Limited then transferred 457,991 Common Shares (such amount representing all Common Shares beneficially owned by Lothlorien Limited) to SEG Family Corp. in exchange for preference shares of SEG Family Corp. As a result of the foregoing transaction, 1000031857 Ontario Limited and Lothlorien Limited no longer beneficially hold any Common Shares and, therefore, each such person ceased to be a Reporting Person on November 2, 2026.
On November 4, 2026, SEG Family Corp. made a charitable donation of 972,908 Common Shares.
On November 11, 2026, 1001810107 Ontario Limited acquired 83,488,440 Common Shares from 1925124 Ontario Limited and 1000706525 Ontario Limited (such amount representing all Common Shares beneficially owned by 1925124 Ontario Limited and 1000706525 Ontario Limited) in connection with the amalgamation of 1925124 Ontario Limited and 1000706525 Ontario Limited under the Business Corporations Act (Ontario). As a result of the foregoing transaction, 1925124 Ontario Limited and 1000706525 Ontario Limited no longer beneficially hold any Common Shares and, therefore, each such person ceased to be a Reporting Person on November 11, 2026.
As such, this Amendment No. 25 constitutes an exit filing for each entity identified as ceasing or having ceased to be a Reporting Person in this Item 5(c).
The following entities (each a "Participating Entity" and collectively the "Participating Entities") sold 300,000 Common Shares in the open market between November 12 and November 13, 2026 (with sales allocated among them pro rata): 1001810107 Ontario Limited sold 150,000 Common Shares; LCC Investments Corp. sold 91,428 Common Shares; LLD Investments Corp. sold 436 Common Shares; 2806335 Ontario Limited sold 3,870 Common Shares; GED Investments Corp. sold 19,325 Common Shares; JRD Investments Corp. sold 16,191 Common Shares; BG Investments Corp. sold 7,500 Common Shares; DYM Investments Corp. sold 3,750 Common Shares; and 2808194 Ontario Limited sold 7,500 Common Shares. On November 12, 2026, 60,000 Common Shares were sold on a US exchange at an average price of $109.30 and, 40,000 Common Shares were sold on a Canadian exchange at an average price of CAD$155.85. On November 13, 2026, 100,000 Common Shares were sold on a US exchange at an average price of $109.49 and 100,000 Common Shares were sold on a Canadian exchange at an average price of CAD$156.07.
None of the executive officers or directors of the Reporting Persons has effected any transactions in Common Shares during the past 60 days, except as set forth below.
On September 15, 2026, David K.R. Thomson, Director and Co Chairman of Woodbridge, acquired from Thomson Reuters 1,417 deferred share units ("DSUs") as compensation for service as a director of Thomson Reuters.
On September 15, 2026, Peter J. Thomson, Director and Co Chairman of Woodbridge, acquired from Thomson Reuters 134 Common Shares and 325 DSUs as compensation for serving as director of Thomson Reuters.
On September 15, 2026, Michael Friisdahl, Independent Director of Woodbridge, acquired from Thomson Reuters 591 DSUs as compensation for service as a director of Thomson Reuters.
On September 15, 2026, Michael Medline, CEO and President of Woodbridge, acquired from Thomson Reuters 325 DSUs as compensation for service as a director of Thomson Reuters. | |
| (d) | Not applicable. | |
| (e) | Not applicable. | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Item 6 is hereby amended to add the following:
As of September 15, 2026, David K. R. Thomson, Peter J. Thomson, Michael Friisdahl and Michael Medline hold 141,195, 18,943, 2,984 and 3,644 DSUs, respectively, issued to them by Thomson Reuters for compensation for service as a director of Thomson Reuters. Each DSU has the same value as one Common Share, though DSUs do not have voting rights. DSUs accumulate additional units based on notional equivalents of dividends paid on Common Shares. DSUs are fully vested upon grant, but they are only settled in Common Shares or, at the election of Thomson Reuters, in cash, following termination of the director's board service in respect of Thomson Reuters. Any Common Shares delivered to a director of Thomson Reuters in connection with the settlement of DSUs are purchased in the open market. | ||
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit 1 - Joint Filing Agreement.
Exhibit 2 - Power of Attorney.
Exhibit 3 - Schedule A.
Exhibit 4 - Automatic Securities Disposition Plan, dated November 11, 2026, by and among The Woodbridge Company Limited, Thomson Reuters Corporation and TD Securities Inc. | ||
| 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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