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CUSIP No. 135086106 | | 13G | | Page 4 of 6 Pages |
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(d) | | | | ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C.80a-8); |
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(e) | | | | ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
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(f) | | | | ☐ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
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(g) | | | | ☐ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
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(h) | | | | ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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(i) | | | | ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.80a-3); |
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(j) | | | | ☐ Anon-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
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(k) | | | | ☐ Group, in accordance with §240.13d-1(b)(1)(ii)(K). |
Item 4(a). | Amount beneficially owned |
This Schedule 13G is being filed on behalf of the Reporting Person. As of the close of business on December 31, 2018, the Reporting Person held 30,873,742 Multiple Voting Shares of the Company.
The rights of the holders of the Company’s Multiple Voting Shares and Subordinate Voting Shares are substantially identical, except with respect to voting and conversion. The Subordinate Voting Shares have one vote per share and the Multiple Voting Shares have 10 votes per share. The Subordinate Voting Shares are not convertible into any other class of shares, while the Multiple Voting Shares are convertible into Subordinate Voting Shares on aone-for-one basis at the option of the holder and under certain other circumstances.
Accordingly, the 30,873,742 Multiple Voting Shares held by the Reporting Person are convertible, at the option of the Reporting Person, into 30,873,742 Subordinate Voting Shares, or approximately 34.5% of the Company’s outstanding Subordinate Voting Shares.
The 30,873,742 Multiple Voting Shares held by the Reporting Person represent approximately 54.3% of the Company’s total voting power
The percentage of the Company’s outstanding Subordinate Voting Shares and total voting power held by the Reporting Person are based on 58,671,304 Subordinate Voting Shares and 51,004,076 Multiple Voting Shares outstanding, as reported in the Company’s prospectus supplement filed with the Securities and Exchange Commission pursuant to Rule 424(b) on November 28, 2018.
The Reporting Person is party to an Investor Rights Agreement, dated as of March 6, 2017, with DTR LLC, an entity indirectly controlled by the Company’s President and Chief Executive Officer. The Investor Rights Agreement requires that the Reporting Person and DTR LLC cast all votes to which they are entitled to elect directors designated in accordance with the terms and conditions of the Investor Rights Agreement. As a result, the Reporting Person and DTR LLC may be deemed to be a group for purposes of Section 13(d) of the Act. The Reporting Person disclaims beneficial ownership of the securities held by DTR LLC.