Item 1(a). | Name of Issuer: |
Resolute Forest Products Inc.
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
111 Duke Street, Suite 5000
Montreal, Quebec, Canada H3C 2M1
Item 2(a). | Name of Person Filing: |
This statement is filed by:
| · | ACR Alpine Capital Research, LLC (“Alpine Research”), a Delaware limited liability company; |
| · | Alpine Investment Management, LLC (“Alpine”), a Missouri limited liability company; |
| · | Alpine Partners Management, LLC (“APM”), a Missouri limited liability company; |
| · | MQR, L.P. (“MQR”), a Delaware limited partnership; |
| · | ACR Multi-Strategy Quality Return (MQR) Fund (“ACR-MQR”), a non-diversified series of Investment Managers Series Trust II, a Delaware statutory trust; and |
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”
Alpine Research serves as the Investment Manager of MQR, ACR-MQR and accounts it separately manages (the “Separately Managed Accounts”). Alpine is the sole owner of Alpine Research. APM is the General Partner of MQR. Nicholas V. Tompras is the Chief Executive Officer and Chief Investment Officer of Alpine Research, the Managing Member of Alpine and the Managing Member of APM. By virtue of these relationships, each of Alpine Research, Alpine, APM and Mr. Tompras may be deemed to beneficially own the Issuer’s Common Stock, $0.001 par value (the “Shares”), owned directly by MQR, and each of Alpine Research, Alpine and Mr. Tompras may be deemed to beneficially own the Shares owned directly by ACR-MQR and the Separately Managed Accounts.
Item 2(b). | Address of Principal Business Office or, if none, Residence: |
The principal business address of each of the Reporting Persons is 8000 Maryland Avenue, Suite 700, Saint Louis, Missouri 63105.
Each of Alpine and APM is organized under the laws of the State of Missouri. Each of Alpine Research and MQR is organized under the laws of the State of Delaware. ACR-MQR is organized as a non-diversified series of Investment Managers Series Trust II, a statutory trust organized under the laws of the State of Delaware. Nicholas V. Tompras is a citizen of the United States of America.
Item 2(d). | Title of Class of Securities: |
Common Stock, $0.001 par value
76117W 10 9
Item 3. | If this statement is filed pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
/X/ Not Applicable
| (a) | / / | Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). |
| (b) | / / | Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | / / | Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | / / | Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| (e) | / / | Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E). |
| (f) | / / | Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F). |
| (g) | / / | Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G). |
| (h) | / / | Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). |
| (i) | / / | Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3). |
| (j) | / / | Non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J). |
| (k) | / / | Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). |
All ownership information reported in this Item 4 is as of February 13, 2017.
| (a) | Amount beneficially owned: |
MQR owns directly 84,000 Shares. ACR-MQR owns directly 107,100 Shares. The Separately Managed Accounts own directly 4,479,765 Shares.
As the Investment Manager of MQR, ACR-MQR and the Separately Managed Accounts, Alpine Research may be deemed to beneficially own the 4,670,865 Shares owned directly by MQR, ACR-MQR and the Separately Managed Accounts. As the sole owner of Alpine Research, Alpine may be deemed to beneficially own the 4,670,865 Shares owned directly by MQR, ACR-MQR and the Separately Managed Accounts. As the General Partner of MQR, APM may be deemed to beneficially own the 84,000 Shares owned directly by MQR. As the Chief Executive Officer and Chief Investment Officer of Alpine Research, the Managing Member of Alpine and the Managing Member of APM, Mr. Tompras may be deemed to beneficially own the 4,670,865 Shares owned directly by MQR, ACR-MQR and the Separately Managed Accounts.
The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that are not owned directly by such Reporting Person.
The aggregate percentage of Shares reported owned by each person named herein is based upon 89,507,379 Shares outstanding, as of October 31, 2016, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2016.
The 84,000 Shares owned directly by MQR represent less than 1% of the outstanding Shares. The 107,100 Shares owned directly by ACR-MQR represent less than 1% of the outstanding Shares. The 4,479,765 Shares owned directly by the Separately Managed Accounts represent approximately 5.0% of the outstanding Shares.
By virtue of its relationships with MQR, ACR-MQR and the Separately Managed Accounts, Alpine Research may be deemed to beneficially own the 4,670,865 Shares owned directly by MQR, ACR-MQR and the Separately Managed Accounts, representing approximately 5.2% of the outstanding Shares. By virtue of its relationship with Alpine Research, Alpine may be deemed to beneficially own the 4,670,865 Shares owned directly by MQR, ACR-MQR and the Separately Managed Accounts, representing approximately 5.2% of the outstanding Shares. By virtue of its relationship with MQR, APM may be deemed to beneficially own the 84,000 Shares owned directly by MQR, representing less than 1% of the outstanding Shares. By virtue of his relationships with Alpine Research, Alpine and APM, Mr. Tompras may be deemed to beneficially own the 4,670,865 Shares owned directly by MQR, ACR-MQR and the Separately Managed Accounts, representing approximately 5.2% of the outstanding Shares.
This Schedule 13G reports an aggregate of 4,670,865 Shares, representing approximately 5.2% of the outstanding Shares.
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote |
0 Shares
| (ii) | Shared power to vote or to direct the vote |
MQR, Alpine Research, Alpine, APM and Mr. Tompras share the power to vote or direct the vote of the 84,000 Shares owned directly by MQR.
ACR-MQR, Alpine Research, Alpine and Mr. Tompras share the power to vote or direct the vote of the 107,100 Shares owned directly by ACR-MQR.
Alpine Research, Alpine and Mr. Tompras share the power to vote or direct the vote of the 4,479,765 Shares owned directly by the Separately Managed Accounts.
| (iii) | Sole power to dispose or to direct the disposition of |
0 Shares
| (iv) | Shared power to dispose or to direct the disposition of |
MQR, Alpine Research, Alpine, APM and Mr. Tompras share the power to dispose or direct the disposition of the 84,000 Shares owned directly by MQR.
ACR-MQR, Alpine Research, Alpine and Mr. Tompras share the power to dispose or direct the disposition of the 107,100 Shares owned directly by ACR-MQR.
Alpine Research, Alpine and Mr. Tompras share the power to dispose or direct the disposition of the 4,479,765 Shares owned directly by the Separately Managed Accounts.
Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not Applicable.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not Applicable.
Item 8. | Identification and Classification of Members of the Group. |
See Exhibit 99.1.
Item 9. | Notice of Dissolution of Group. |
Not Applicable.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: February 14, 2017 | ACR Alpine Capital Research, LLC |
| |
| By: | |
| | Nicholas V. Tompras |
| | Chief Executive Officer and Chief Investment Officer |
| Alpine Investment Management, LLC |
| |
| By: | |
| | Nicholas V. Tompras |
| | Managing Member |
| Alpine Partners Management, LLC |
| |
| By: | |
| | Nicholas V. Tompras |
| | Managing Member |
| MQR, L.P. |
| |
| By: | ACR Alpine Capital Research, LLC |
| | |
| By: | |
| | Nicholas V. Tompras |
| | Chief Executive Officer and Chief Investment Officer |
| ACR Multi-Strategy Quality Return (MQR) Fund |
| |
| By: | ACR Alpine Capital Research, LLC |
| | |
| By: | |
| | Nicholas V. Tompras |
| | Chief Executive Officer and Chief Investment Officer |