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 H 3C 2M1 |
ITEM 2(a). | NAME OF PERSON FILING: This statement is filed by:
ACR Alpine Capital Research, LLC (ACR), a Delaware limited liability company;
Alpine Investment Management, LLC (AIM), a Missouri limited liability company;
Alpine Private Capital, LLC (APC), a Delaware limited liability company;
ACR Multi-Strategy Quality Return (MQRFUND), a diversified series of Investment Managers Series Trust II, a Delaware statutory trust; and
Nicholas V. Tompras.
Each of the foregoing is referred to as a Reporting Person and collectively as the Reporting Persons.
ACR serves as the Investment Manager of MQRFUND and accounts it separately manages (the Separately Managed Accounts). APC has delegated investment discretion for accounts it separately manages to ACR (APC Accounts). AIM is the majority owner of ACR and APC. Nicholas V. Tompras is the Chief Executive Officer and Chief Investment Officer of ACR and the Managing Member of AIM. By virtue of these relationships, each of ACR, AIM, and Mr. Tompras may be deemed to beneficially own the Issuer's Common Stock, $0.001 par value (the Shares), and owned directly by each of ACR, AIM and Mr. Tompras may be deemed to beneficially own the Shares owned directly by MQRFUND, the APC Accounts 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. |
ITEM 2(c). | CITIZENSHIP: AIM is organized under the laws of the State of Missouri. Each of ACR and APC is organized under the laws of the State of Delaware. MQRFUND is organized as a 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 |
ITEM 2(e). | CUSIP NUMBER: 76117w109 |
ITEM 3. | IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: |
(a) [ ] | Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); |
(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) [ ] | An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); |
(f) [ ] | An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); |
(g) [ ] | A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); |
(h) [ ] | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
(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); |
(j) [ ] | A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); |
(k) [ ] | Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: |
Not applicable. |
ITEM 4. | OWNERSHIP |
(a) Amount beneficially owned: |
MQRFUND owns directly 48,000 Shares and the Separately Managed Accounts own directly 4,165,538 Shares. The APC Accounts own directly 790,266 Shares through investments in the MQRFUND or Separately Managed Accounts.
As the Investment Manager of MQRFUND, the APC Accounts, and the Separately Managed Accounts, ACR may be deemed to beneficially own the 4,213,538 Shares owned directly by MQRFUND, the APC Accounts and the Separately Managed Accounts. As the primary owner of ACR, AIM may be deemed to beneficially own the 4,213,538 Shares owned directly by MQRFUND, the APC Accounts and the Separately Managed Accounts. As the Chief Executive Officer and Chief Investment Officer of ACR, and the Managing Member of AIM, Mr. Tompras may be deemed to beneficially own 4,213,538 Shares owned directly by MQRFUND, the APC Accounts 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. |
(b) Percent of class: |
The aggregate percentage of Shares reported owned by each person named herein is based upon 82,600,000 Shares outstanding, as of September 30, 2020, which is the total number of Shares outstanding as reported in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2020.
The 48,000 Shares owned directly by MQRFUND represent less than 1% of the outstanding Shares. The 790,266 Shares owned directly by the APC Accounts represent less than 1% of the outstanding Shares. The 4,165,538 Shares owned directly by the Separately Managed Accounts represent approximately 5.04% of the outstanding Shares.
By virtue of its relationships with MQRFUND, the APC Accounts and the Separately Managed Accounts, ACR may be deemed to beneficially own the 4,213,538 Shares owned directly by MQRFUND, the APC Accounts, and the Separately Managed Accounts representing approximately 5.10% of the outstanding Shares.
By virtue of its relationship with ACR, AIM may be deemed to beneficially own the 4,213,538 Shares owned directly by MQRFUND, the APC Accounts, and the Separately Managed Accounts representing approximately 5.10% of the outstanding Shares.
By virtue of his relationships with ACR, and AIM, Mr. Tompras may be deemed to beneficially own the 4,213,538 Shares owned directly by MQRFUND, the APC Accounts, and the Separately Managed Accounts representing approximately 5.10% of the outstanding Shares.
This Schedule 13G reports an aggregate of 4,213,538 Shares, representing approximately 5.10% of the outstanding Shares. |
(c) Number of shares as to which the person has: |
(i) sole power to vote or to direct the vote: |
0
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(ii) shared power to vote or to direct the vote: |
MQRFUND, ACR, AIM and Mr. Tompras share the power to vote or direct the vote of the 48,000 Shares owned directly by MQRFUND.
ACR, AIM and Mr. Tompras share the power to vote or direct the vote of the 790,266 Shares in the APC Accounts and the 4,165,538 Shares owned directly by the Separately Managed Accounts.
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(iii) sole power to dispose or direct the disposition of: |
0
|
(iv) shared power to dispose or to direct the disposition of: |
MQRFUND, ACR, AIM and Mr. Tompras share the power to vote or direct the vote of the 48,000 Shares owned directly by MQRFUND.
ACR, AIM and Mr. Tompras share the power to vote or direct the vote of the 790,266 Shares in the APC Accounts and the 4,165,538 Shares owned directly by the Separately Managed Accounts.
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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: Not applicable. |
ITEM 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: See Exhibit 1. |
ITEM 9. | NOTICE OF DISSOLUTION OF GROUP: Not applicable. |
ITEM 10. | CERTIFICATION: 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. |