Woodbridge (NYSE: TRI) updates 70% Thomson Reuters stake and recent trades
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D/A
Thomson Investments Limited, The Woodbridge Company Limited and related Ontario entities filed Amendment No. 24 to update their large ownership position in Thomson Reuters. The group reports beneficial ownership of 312,518,088 common shares, representing 70.56% of the company’s common shares, based on 442,934,310 shares outstanding as of March 31, 2026. Woodbridge alone reports 300,790,959 shares, or 67.91%.
The amendment details recent activity, including a 96,913‑share acquisition under Thomson Reuters’ Amended and Restated Dividend Reinvestment Plan and open‑market sales totaling 200,000 shares on each of March 18, 19 and 20, 2026 by several affiliated investment entities at average prices around $93–94 in the U.S. and C$127–129 in Canada. It also notes a 13,550,000‑share transfer between two Woodbridge affiliates.
The filing states the group plans to maintain its controlling interest but may buy or sell small amounts for liquidity. Woodbridge’s President and CEO, Michael Medline, will stand for election to the Thomson Reuters board at the June 10, 2026 annual meeting. The amendment also discloses directors’ deferred share units, which mirror common share value but lack voting rights, and reaffirms Woodbridge’s obligations under the Thomson Reuters Trust Principles Support Agreement.
Positive
- None.
Negative
- None.
Key Figures
Group beneficial ownership: 312,518,088 shares (70.56%)
Woodbridge stake: 300,790,959 shares (67.91%)
Shares outstanding: 442,934,310 shares
+5 more
8 metrics
Group beneficial ownership
312,518,088 shares (70.56%)
Common shares of Thomson Reuters as of March 31, 2026
Woodbridge stake
300,790,959 shares (67.91%)
Beneficial ownership of common shares as of March 31, 2026
Shares outstanding
442,934,310 shares
Thomson Reuters common shares outstanding as of March 31, 2026
DRIP acquisition
96,913 shares
Acquired by 1396164 Ontario Limited on March 10, 2026 under DRIP
Open‑market sales per day
200,000 shares per day
Collective sales by Participating Entities on March 18–20, 2026
U.S. sale prices
$94.08, $93.24, $92.94
Average prices for U.S. exchange sales on March 18–20, 2026
Internal share transfer
13,550,000 shares
Transferred from 1000706525 Ontario Limited to 1908720 Ontario Limited on April 16, 2026
Director DSU holdings
135,916; 17,928; 1,596 DSUs
Held by David K. R. Thomson, Peter J. Thomson and Michael Friisdahl as of April 17, 2026
Key Terms
Schedule 13D, Dividend Reinvestment Plan, deferred share units, Thomson Reuters Trust Principles, +2 more
6 terms
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition…"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Dividend Reinvestment Plan financial
"acquired 96,913 Common Shares pursuant to the Thomson Reuters Amended and Restated Dividend Reinvestment Plan (the "DRIP")."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
deferred share units financial
"hold 135,916, 17,928 and 1,596 deferred share units ("DSUs"), respectively, issued to them by Thomson Reuters…"
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.
Thomson Reuters Trust Principles regulatory
"support the Thomson Reuters Trust Principles (the "Trust Principles") and to exercise its voting rights to give effect…"
controlling interest financial
"Thomson Investments Limited, Woodbridge and the other Reporting Persons plan to maintain their controlling interest in Thomson Reuters."
A controlling interest is when a person or group owns enough shares of a company to influence or make decisions about how it is run. It’s similar to having a majority of votes in a group project, giving you the power to guide decisions. For investors, holding a controlling interest means they can significantly affect the company’s direction and policies.
beneficially owned financial
"beneficially owned by The Woodbridge Company Limited and subsidiaries and 11,727,129 Common Shares beneficially owned by the family…"
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.
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 24)
|
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)
04/15/2026
(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
312,518,088.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
70.56 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to rows 8 and 10 above, includes 300,790,959 common shares of Thomson Reuters Corporation ("Common Shares") beneficially owned by The Woodbridge Company Limited and subsidiaries and 11,727,129 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 442,934,310 Common Shares outstanding as of March 31, 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
300,790,959.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
67.91 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
202,322,148.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
45.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1000706525 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
84,798,839.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
19.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
13,160,949.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
2.9 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1925124 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
506,720.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
2,303.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
87,754.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
276,864.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
327,761.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
137,630.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
260,000.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
1,596.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
16,516.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
530,176.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
195,900.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
759,751.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
1,422,190.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
697,006.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
260,000.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
437,878.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
270,297.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
260,000.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
20,358.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
19,984.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
1,777,670.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.4 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
357,105.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
39,832.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
96,804.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
64,585.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
412,843.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
6,988.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
485,738.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
SEG 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
477,059.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 2026.
SCHEDULE 13D
|
| CUSIP Number(s): | 884903709 |
| 1 |
Name of reporting person
1000031857 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
444,575.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
66,546.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
268,255.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
254,129.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
521,530.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
233,236.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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
1,513.00 | ||||||||
| 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 442,934,310 Common Shares outstanding as of March 31, 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
237,060.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
In reference to row 13 above, based on 442,934,310 Common Shares outstanding as of March 31, 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 24 to Schedule 13D are beneficially owned by Thomson Investments Limited, The Woodbridge Company Limited ("Woodbridge"), 1908720 Ontario Limited, 1000706525 Ontario Limited, 1396164 Ontario Limited, 1925124 Ontario Limited, Woodbridge Investments Corporation, 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 Investments Corp., 1000031857 Ontario Limited, 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 April 9, 2026, Thomson Investments Limited is the beneficial owner of 312,518,088 Common Shares, representing approximately 70.56% of the outstanding Common Shares. Of those Common Shares, Woodbridge is the beneficial owner of 300,790,959 Common Shares, representing approximately 67.91% of the outstanding Common Shares.
This Amendment No. 24 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 November 10, 2025. 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, 1000706525 Ontario Limited, 1396164 Ontario Limited, 1925124 Ontario Limited, Woodbridge Investments Corporation, 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 Investments Corp, 1000031857 Ontario Limited, 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 for liquidity and other reasons. Although there are currently no plans or proposals other than with respect to the acquisition or disposition of less than one half of one percent of the outstanding Common Shares for liquidity or other reasons as noted above, 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 April 15, 2026, Woodbridge announced that its new President and CEO, Michael Medline will stand for election to the board of directors of Thomson Reuters (the "Board") at the upcoming annual meeting of shareholders to be held on June 10, 2026 (the "AGM"). Following his election, Mr. Medline will serve on the Board as a representative of Woodbridge. Information regarding Mr. Medline is included in Thomson Reuters' management proxy circular for the AGM.
Under a Third Amended and Restated Thomson Reuters Trust Principles Support Agreement, dated as of October 1, 2018, between Woodbridge and Thomson Reuters Founders Share Company Limited (attached as Exhibit 4), Woodbridge has agreed to support the Thomson Reuters Trust Principles (the "Trust Principles") and to exercise its voting rights to give effect to this support and the Thomson Reuters Founders Share Company has irrevocably designated Woodbridge as an approved person for so long as Woodbridge is controlled by members of the Thomson family, companies controlled by them and trusts for their benefit.
The Trust Principles read as follows:
_ That Reuters shall at no time pass into the hands of any one interest, group or faction;
_ That the integrity, independence and freedom from bias of Thomson Reuters shall at all times be fully preserved;
_ That Reuters shall supply unbiased and reliable news services to newspapers, news agencies, broadcasters and other media subscribers and to businesses, governments, institutions, individuals and others with whom Reuters has or may have contracts;
_ That Thomson Reuters shall pay due regard to the many interests which it serves in addition to those of the media; and
_ That no effort shall be spared to expand, develop and adapt the news and other services and products of Thomson Reuters so as to maintain its leading position in the international news and information business. | ||
| 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 March 10, 2026, 1396164 Ontario Limited acquired 96,913 Common Shares pursuant to the Thomson Reuters Amended and Restated Dividend Reinvestment Plan (the "DRIP").
The following entities (each a "Participating Entity" and collectively the "Participating Entities") sold Common Shares in the open market between March 18, 2026 and March 20, 2026: LCC Investments Corp. sold 190,400 Common Shares; 1000421133 Ontario Limited sold 12,006 Common Shares; GED Investments Corp. sold 53,101 Common Shares; JRD Investments Corp. sold 44,493 Common Shares; SEG Investments Corp. sold 175,000 Common Shares; BG Investments Corp. sold 50,000 Common Shares; DYM Investments Corp. sold 25,000 Common Shares; and 2808194 Ontario Limited. sold 50,000 Common Shares. On each of March 18, 19 and 20, 2026, 200,000 Common Shares were sold by the Participating Entities on a collective basis (with sales allocated among them pro rata). On March 18, 2026, 125,000 Common Shares were sold on a US exchange at an average price of $94.08 and 75,000 Common Shares were sold on a Canadian exchange at an average price of C$128.97. On March 19, 2026, 125,000 Common Shares were sold on a US exchange at an average price of $93.24 and 75,000 Common Shares were sold on a Canadian exchange at an average price of C$128.06. On March 20, 2026, 135,000 Common Shares were sold on a US exchange at an average price of $92.94 and 65,000 Common Shares were sold on a Canadian exchange at an average price of C$127.34. Additionally, on March 20, 2026, the following entities sold Common Shares to an affiliated entity, DKRT Family Corp., in a private transaction: LCC Investments Corp. sold 57,764 Common Shares, LLD Investments Corp. sold 4,513 Common Shares, JRD Investments Corp. sold 16,059 Common Shares, GED Investments Corp. sold 19,166 Common Shares and SEG Investments Corp. sold 97,502 Common Shares. These Common Shares were sold pre-market open at a price of C$128.20 per Common Share, which reflects the closing price of the Common Shares on the Canadian exchange the day prior to the sale.
On April 16, 2026, 1000706525 Ontario Limited transferred 13,550,000 Common Shares to 1908720 Ontario Limited for consideration consisting of 690 common shares of 1908720 Ontario Limited.
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 March 12, 2026, Michael Medline, CEO and President of Woodbridge, acquired 3,644 Common Shares in the open market.
On March 15, 2026, Peter J. Thomson, Director and Co Chairman of Woodbridge, acquired 134 Common Shares as compensation for serving as 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 April 17, 2026, David K. R. Thomson, Peter J. Thomson and Michael Friisdahl hold 135,916, 17,928 and 1,596 deferred share units ("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 - Third Amended and Restated Thomson Reuters Trust Principles Support Agreement, dated as of October 1, 2018, between Woodbridge and Thomson Reuters Founders Share Company Limited. | ||
| 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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FAQ
How much of Thomson Reuters (TRI) do Woodbridge and related entities currently own?
Woodbridge and related entities report beneficial ownership of 312,518,088 Thomson Reuters common shares, or 70.56% of the company. This controlling stake is calculated based on 442,934,310 common shares outstanding as of March 31, 2026, and is held through multiple Ontario-based investment entities.
What is The Woodbridge Company Limited’s direct stake in Thomson Reuters (TRI)?
The Woodbridge Company Limited reports beneficial ownership of 300,790,959 Thomson Reuters common shares, equal to 67.91% of the class. This percentage is also based on 442,934,310 common shares outstanding as of March 31, 2026, and forms the core of the group’s controlling interest.
What recent share transactions by Woodbridge affiliates in Thomson Reuters are disclosed?
Affiliated entities sold 200,000 Thomson Reuters shares on each of March 18, 19 and 20, 2026 in open‑market trades. Those sales were split between U.S. and Canadian exchanges, at average prices around $93–94 in the U.S. and C$127–129 in Canada, plus smaller internal transfers and one DRIP purchase.
How did the Dividend Reinvestment Plan affect Thomson Reuters (TRI) holdings in this filing?
On March 10, 2026, 1396164 Ontario Limited acquired 96,913 Thomson Reuters common shares through the Amended and Restated Dividend Reinvestment Plan. Under such plans, cash dividends are reinvested into additional shares, modestly increasing ownership without open‑market purchases.
What board and governance developments are described for Thomson Reuters (TRI)?
Woodbridge’s President and CEO, Michael Medline, will stand for election to Thomson Reuters’ board at the June 10, 2026 annual meeting. Following his election, he will serve as a Woodbridge representative, reinforcing the controlling shareholder’s direct presence in the company’s boardroom.
What are deferred share units (DSUs) disclosed for Thomson Reuters directors?
As of April 17, 2026, certain Thomson Reuters directors hold DSUs that track the value of one common share each but have no voting rights. DSUs vest on grant, accumulate dividend equivalents, and are settled in common shares or cash only after the director’s board service ends.
What are the Thomson Reuters Trust Principles mentioned in the filing?
The Trust Principles commit Thomson Reuters to preserve integrity, independence, and unbiased news coverage while avoiding control by any single interest. Woodbridge has agreed, via a Trust Principles Support Agreement, to exercise its voting rights in support of these principles as long as it remains family controlled.