Telesat (TSAT) Form 3 Telesat / MARIO J GABELLI ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

GAMCO INVESTORS, INC. ET AL

(Last) (First) (Middle)

ONE CORPORATE CENTER

(Street)

RYE NY 10580

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/04/2023

3. Issuer Name and Ticker or Trading Symbol
Telesat Corp [ TSAT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	450	D(1)
Common Shares	11,100	D(2)
Common Shares	10,000	D(3)
Common Shares	15,700	I	By: Investment Partnership I(4)
Common Shares	38,982	I	By: Investment Partnership II(4)
Common Shares	3,000	I	By: Investment Partnership III(4)
Common Shares	1,625	I	By: Investment Partnership IV(4)
Common Shares	24,760	I	By: Investment Partnership V(4)
Common Shares	7,269	I	By: Investment Partnership VI(4)
Common Shares	25,000	I	By: Investment Partnership VII(4)
Common Shares	12,000	I	By: Investment Partnership VIII(4)
Common Shares	2,600	I	By: Investment Partnership IX(4)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

GAMCO INVESTORS, INC. ET AL

(Last) (First) (Middle)

ONE CORPORATE CENTER

(Street)

RYE NY 10580

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Associated Capital Group, Inc.

(Last) (First) (Middle)

191 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

GGCP, INC.

(Last) (First) (Middle)

189 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

GABELLI MARIO J

(Last) (First) (Middle)

191 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Explanation of Responses:

1. These shares are owned by GAMCO Investors, Inc.

2. These shares are owned by Associated Capital Group, Inc.

3. These shares are owned by GGCP, Inc.

4. GAMCO Investors, Inc. and Associated Capital Group, Inc. have less than a 100% interest in this entity, GGCP, Inc. has less than a 100% interest in GAMCO Investors, Inc. and Associated Capital Group, Inc., and Mario J. Gabelli has less than a 100% interest in GGCP, Inc. The amount of securities reported as beneficially owned reflects the total amount of securities held by this entity which is greater that the Reporting Persons' indirect pecuniary interests. The Reporting Persons hereby disclaim ownership of these securities in excess of their pecuniary interests.

	/s/ Douglas R. Jamieson, Attorney-In-Fact for MARIO J. GABELLI, GGCP, INC., and ASSOCIATED CAPITAL GROUP , INC.	08/14/2023
	/s/ Peter D. Goldstein, General Counsel for GAMCO INVESTORS, INC.	08/14/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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