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Under the Securities Exchange Act of 1934
(Title of Class and Securities)
(CUSIP Number of Class of Securities)
Attn: Mr. David Barse
622 Third Avenue, 32nd Floor
New York, NY 10017
(212) 888-2290
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
Daniel P. Raglan, Esq.
Torys LLP
237 Park Avenue
New York, NY 10017
(212) 880-6000
(Date of Event which Requires Filing of this Statement)
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CUSIP No. | 14888T104 |
1 | NAMES OF REPORTING PERSONS Third Avenue Management LLC I .D. No. 01-0690900 | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
N/A | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Delaware | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 113,712,582 Shares | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 0 Shares | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 123,474,210 Shares | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
0 Shares | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
123,474,210 Shares | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
32.3%1 | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
IA |
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Explanatory Note | 3 | |||||||
Item 4. Purpose of Transaction | 3 | |||||||
Item 5. Interest in Securities of the Issuer | 4 | |||||||
Item 7. Material to be Filed as an Exhibit | 6 | |||||||
SIGNATURES | 7 |
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Pursuant to instructions from various investment advisory clients of TAM, an aggregate of 1,657,000 Common Shares, or approximately 0.4% of the Company’s issued and outstanding Common Shares, were sold during the past sixty days due to pro-rata reductions in certain accounts. Pursuant to instructions from various investment advisory clients of TAM, an aggregate of 245,500 Common Shares, or approximately 0.1% of the Company’s issued and outstanding Common Shares, were acquired during the past sixty days.
TAM continues to exercise control or direction over 123,474,210 Common Shares as investment adviser to investment advisory clients. TAM is currently entitled to vote 113,712,582 of such Common Shares.
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(a) | Amount beneficially owned: 72,271,095 Common Shares. | ||
(b) | Percent of class: 18.9% | ||
(c) | Number of Common Shares as to which TAM has: |
(i) | Sole power to vote or direct the vote: 72,271,095 | ||
(ii) | Shared power to vote or direct the vote: 0 | ||
(iii) | Sole power to dispose or direct the disposition: 72,271,095 | ||
(iv) | Shared power to dispose or direct the disposition: 0 |
(a) | Amount beneficially owned: 28,191,702 Common Shares. | ||
(b) | Percent of class: 7.4% | ||
(c) | Number of Common Shares as to which TAM has: |
(i) | Sole power to vote or direct the vote: 18,430,074 | ||
(ii) | Shared power to vote or direct the vote: 0 | ||
(iii) | Sole power to dispose or direct the disposition: 28,191,702 | ||
(iv) | Shared power to dispose or direct the disposition: 0 |
(a) | Amount beneficially owned: 21,530,352 Common Shares. | ||
(b) | Percent of class: 5.6% | ||
(c) | Number of Common Shares as to which TAM has: |
(i) | Sole power to vote or direct the vote: 21,530,352 | ||
(ii) | Shared power to vote or direct the vote: 0 | ||
(iii) | Sole power to dispose or direct the disposition: 21,530,352 | ||
(iv) | Shared power to dispose or direct the disposition: 0 |
(a) | Amount beneficially owned: 1,481,061 Common Shares. | ||
(b) | Percent of class: 0.4% | ||
(c) | Number of Common Shares as to which TAM has: |
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(i) | Sole power to vote or direct the vote: 1,481,061 | ||
(ii) | Shared power to vote or direct the vote: 0 | ||
(iii) | Sole power to dispose or direct the disposition: 1,481,061 | ||
(iv) | Shared power to dispose or direct the disposition: 0 |
Transaction Effected By: | Date of Transaction | Amount of Common Shares Involved | Price per Common Share CAD | Where and How Effected | |||||
Third Avenue International Value Fund UCITS |
| 03/22/11 |
| 73,100 |
|
| $ 0.3588 |
| Buy |
Separately managed accounts |
| 03/30/11 |
| 333,500 |
|
| $ 0.3658 |
| Pro-rata reduction |
Third Avenue International Value Fund UCITS |
| 04/01/11 |
| 44,200 |
|
| $ 0.3300 |
| Buy |
Third Avenue International Value Fund UCITS |
| 05/03/11 |
| 128,200 |
|
| $ 0.2233 |
| Buy |
Separately managed accounts |
| 05/10/11 |
| 216,000 |
|
| $ 0.2141 |
| Pro-rata reduction |
Separately managed accounts |
| 05/26/11 |
| 100,000 |
|
| $ 0.1700 |
| Pro-rata reduction |
Separately managed accounts |
| 05/27/11 |
| 80,000 |
|
| $ 0.1700 |
| Pro-rata reduction |
Separately managed accounts |
| 05/31/11 |
| 148,500 |
|
| $ 0.1667 |
| Pro-rata reduction |
Separately managed accounts |
| 06/01/11 |
| 779,000 |
|
| $ 0.1600 |
| Pro-rata reduction |
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THIRD AVENUE MANAGEMENT LLC | ||||
/s/ W. James Hall | ||||
Name: | W. James Hall | |||
Title: | General Counsel | |||
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