# EDGAR Filing Document

**Accession Number:** 0000927971
**File Stem:** 0001085146-25-003443
**Filing Date:** 2025-6
**Character Count:** 25950
**Document Hash:** a7efabfdb4a6f83814936bc3c114a4ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-003443.hdr.sgml**: 20250609

**ACCESSION NUMBER**: 0001085146-25-003443

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250609

**DATE AS OF CHANGE**: 20250609

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** North American Construction Group Ltd.
- **CENTRAL INDEX KEY:** 0001368519
- **STANDARD INDUSTRIAL CLASSIFICATION:** OIL, GAS FIELD SERVICES, NBC [1389]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-82223
- **FILM NUMBER:** 251033507

**BUSINESS ADDRESS:**
- **STREET 1:** 27287 100 AVENUE
- **CITY:** ACHESON
- **STATE:** A0
- **ZIP:** T7X 6H8
- **BUSINESS PHONE:** 780-960-7171

**MAIL ADDRESS:**
- **STREET 1:** 27287 100 AVENUE
- **CITY:** ACHESON
- **STATE:** A0
- **ZIP:** T7X 6H8

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** North American Energy Partners Inc.
- **DATE OF NAME CHANGE:** 20061129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTH AMERICAN ENERGY PARTNERS INC.
- **DATE OF NAME CHANGE:** 20061129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NACG Holdings Inc.
- **DATE OF NAME CHANGE:** 20060707
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK OF MONTREAL /CAN/
- **CENTRAL INDEX KEY:** 0000927971
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FIRST CANADIAN PLACE
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1A1
- **BUSINESS PHONE:** 000-000-0000

**MAIL ADDRESS:**
- **STREET 1:** 1 FIRST CANADIAN PLACE
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1A1

### Attached PDF Documents

**Attachment 1:** `jfa_20250211.pdf`

# Joint Filing Agreement

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned entities, as applicable, pursuant to a duly executed power of attorney, hereby agrees to this and any future joint filing of Schedule 13G (including any and all amendments thereto) to be made on their behalf and further agrees to the filing of this Agreement as an Exhibit to such filing(s). In addition, each party to this Agreement consents to the filing of this and any future Schedule 13G (including any and all amendments to such filings) by Bank of Montreal.

This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 11th day of February, 2025.

BANK OF MONTREAL

Kathryn Cenac
Managing Director - Regulatory

| BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY | BMO CAPITAL MARKETS CORP. |
| --- | --- |
| * | * |
| BMO ASSET MANAGEMENT INC. | BMO DELAWARE TRUST COMPANY |
| * | * |
| BMO CAPITAL MARKETS LIMITED | BMO FAMILY OFFICE, LLC |
| * |  |
| BMO FINANCIAL CORP. | BMO BANK NATIONAL ASSOCIATION |
| * | * |

| BMO NESBITT BURNS INC. | BMO NESBITT BURNS SECURITIES LTD. |
| --- | --- |
| * | * |
| BMO PRIVATE INVESTMENT COUNSEL INC. | BMO TRUST COMPANY |
| * | * |
| STOKER OSTLER WEALTH ADVISORS, INC. | BMO INVESTORLINE INC. |
| * | * |
| BANK OF MONTREAL HOLDING INC. | BANK OF MONTREAL |
| * | * |

*Pursuant to Power of Attorney filed herewith.

**Attachment 2:** `powerofattorney_20250211.pdf`

Exhibit 2

POWER OF ATTORNEY

For executing Schedules 13G and 13D, 13G/D Joint Filing Agreement and Forms 13F, 13H, N-PX and SHO

Each of the undersigned entities represents that the individuals signing on behalf of the entity is duly authorized to do so, and hereby constitutes and appoints Kathryn Cenac, Managing Director - Regulatory, Bank of Montreal and Thomas Fonte, Head North American Compliance, Wealth Management Business Risk and Solutions, Bank of Montreal, as his or her true and lawful attorney-in-fact and agent with full power of substitution and resubstitution, for him or her and in his or her name, place, and stead, in any and all capacities, to:

(1) complete and execute for and on behalf of the undersigned filings on Schedules 13G and 13D in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Act”) and the rules and regulations promulgated thereunder, or any successor laws and regulations;

(2) complete and execute for and on behalf of the undersigned a joint filing agreement to provide for the joint filing on Schedules 13G or 13D in accordance with Section 13(d) of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;

(3) complete and execute for and on behalf of the undersigned filings on Form 13F as required by Section 13(f) of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;

(4) complete and execute for and on behalf of the undersigned filings on Form 13H as required by Section 13(h) of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;

(5) complete and execute for and on behalf of the undersigned filings on Form N-PX as required by Section 14A of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;

(6) complete and execute for and on behalf of the undersigned filings on Form SHO as required by Rule 13f-2 of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;

(7) do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete the execution of any such Schedules 13G and 13D, joint filing agreement and Forms 13F, 13H, N-PX and SHO, and the timely filing of such forms and agreements with the United States Securities and Exchange Commission and any other authority; and

(8) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to the Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his or her discretion.

Each of the undersigned entities grants to said attorney-in-fact and agent full power and authority to do and perform each and every act necessary to be done in order to effectuate the same as fully, to all intents and purposes, as it might or could do in person, hereby ratifying and confirming all that said attorney-in-

fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue thereof. The undersigned entities acknowledge that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Sections 13(d), 13(f), 13(h), 14A or 13f-2 of the Act and the rules and regulations promulgated thereunder.

This Power of Attorney shall remain in effect until the undersigned entity is no longer required to file Schedules 13G, 13D or Forms 13F, 13H, N-PX or SHO, unless earlier revoked by a duly authorized officer of the undersigned entity in writing and delivered to the foregoing attorney-in-fact.

This Power of Attorney Signature Page may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. A facsimile or portable document format (.pdf) copy, or an electronic copy by way of reliable electronic signature technology, of the signature of a party to this Power of Attorney on any such counterpart shall be fully effective as in an original signature.

IN WITNESS WHEREOF, the undersigned duly authorized individuals have caused this Power of Attorney to be executed as of February 11, 2025 on behalf of the respective entities.

[Signatures on following pages.]

BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY

By: /s/ Jane Anne Negi
Name: Jane Anne Negi
Title: Chief Executive Officer

By: /s/ Noel Reynolds
Name: Noel Reynolds
Title: Chief Finance Officer

BMO ASSET MANAGEMENT INC.

By: /s/ Bill Bamber
Name: Bill Bamber
Title: Head

By: /s/ Sara Petrcich
Name: Sara Petrcich
Title: Head of Exchange Traded Funds and Structured Products

BMO CAPITAL MARKETS LIMITED

By: /s/ William Smith
Name: William Smith
Title: Chief Executive Officer

By: /s/ Paula Young
Name: Paula Young
Title: Company Secretary

BMO FINANCIAL CORP.

By: /s/ Michele Havens
Name: Michele Havens
Title: Executive Vice President, and Head, U.S. Wealth Management

By: /s/ Michelle Magnaye
Name: Michelle Magnaye
Title: Assistant Corporate Secretary

BMO CAPITAL MARKETS CORP.

By: /s/ Michael Forlenza
Name: Michael Forlenza
Title: Chief Operating Officer

BMO DELAWARE TRUST COMPANY

By: /s/ Anne Booth Brockett
Name: Anne Booth Brockett
Title: Chief Executive Officer and President

BMO FAMILY OFFICE, LLC

By: /s/ Amy Griman
Name: Amy Griman
Title: Chief Executive Officer and President

BMO BANK NATIONAL ASSOCIATION

By: /s/ Darrel Hackett
Name: Darrel Hackett
Title: President and CEO, U.S. Wealth Management

BMO NESBITT BURNS INC.

By: /s/ Deland Kamanga
Name: Deland Kamanga
Title: Director

By: /s/ Juron Grant-Kinnear
Name: Juron Grant-Kinnear
Title: Assistant Corporate Secretary

BMO PRIVATE INVESTMENT COUNSEL INC.

By: /s/ Gilles Ouellette
Name: Gilles Ouellette
Title: Director

By: /s/ Juron Grant-Kinnear
Name: Juron Grant-Kinnear
Title: Corporate Secretary

STOKER OSTLER WEALTH ADVISORS, INC.

By: /s/ Michelle L. Decker
Name: Michelle L. Decker
Title: Chief Operating Officer

BANK OF MONTREAL HOLDING INC.

By: /s/ Olaf Sheikh
Name: Olaf Sheikh
Title: Director

BMO NESBITT BURNS SECURITIES LTD.

By: /s/ Devanand (Dave) Persaud
Name: Devanand (Dave) Persaud
Title: Director

By: /s/ John Cook
Name: John Cook
Title: Corporate Secretary

BMO TRUST COMPANY

By: /s/ Elizabeth Dorsch
Name: Elizabeth Dorsch
Title: Chief Executive Officer

By: /s/ Bruce Ferman
Name: Bruce Ferman
Title: Director

BMO INVESTORLINE INC.

By: /s/ Deland Kamanga
Name: Deland Kamanga
Title: Director

By: /s/ Juron Grant-Kinnear
Name: Juron Grant-Kinnear
Title: Corporate Secretary

BMO LIFE ASSURANCE COMPANY

By: /s/ Rohit Thomas
Name: Rohit Thomas
Title: President and Chief Executive Officer

By: /s/ Rita Simas
Name: Rita Simas
Title: Corporate Secretary

BMO LIFE HOLDINGS (CANADA), ULC

By: /s/ Rohit Thomas
Name: Rohit Thomas
Title: President and Chief Executive Officer

By: /s/ Rita Simas
Name: Rita Simas
Title: Corporate Secretary

CLEARPOOL EXECUTION SERVICES, LLC

By: /s/ Michael Forlenza
Name: Michael Forlenza
Title: Director and President

BMO LIFE INSURANCE COMPANY

By: /s/ Rohit Thomas
Name: Rohit Thomas
Title: President and Chief Executive Officer

By: /s/ Rita Simas
Name: Rita Simas
Title: Corporate Secretary

BANK OF MONTREAL

By: /s/ Deland Kamanga
Name: Deland Kamanga
Title: Group Head, Wealth Management

By: /s/ Kristina Germain
Name: Kristina Germain
Title: Assistant Corporate Secretary

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

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** North American Construction Group Ltd.

**Title of Class of Securities:** Common Shares

**CUSIP Number:** 656811106

**Date of Event Which Requires Filing of this Statement:** 05/31/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [x] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Bank of Montreal | Names of Reporting Persons<br>Bank of Montreal |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>Z4 | Citizenship or Place of Organization<br>Z4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>2295144 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>998106 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>2295144 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>998106 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3293250 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3293250 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>10.73% | Percent of Class Represented by Amount in Row (9)<br>10.73% |
| 12. | Type of Reporting Person (See Instructions)<br>HC | Type of Reporting Person (See Instructions)<br>HC |

---

| 1. | Names of Reporting Persons<br>BANK OF MONTREAL HOLDING INC. | Names of Reporting Persons<br>BANK OF MONTREAL HOLDING INC. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>Z4 | Citizenship or Place of Organization<br>Z4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>2295144 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>998106 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>2295144 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>998106 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3293250 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3293250 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>10.73% | Percent of Class Represented by Amount in Row (9)<br>10.73% |
| 12. | Type of Reporting Person (See Instructions)<br>BK | Type of Reporting Person (See Instructions)<br>BK |

---

| 1. | Names of Reporting Persons<br>BMO NESBITT BURNS INC. WEALTH MANAGEMENT | Names of Reporting Persons<br>BMO NESBITT BURNS INC. WEALTH MANAGEMENT |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>Z4 | Citizenship or Place of Organization<br>Z4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>2293293 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>2293293 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2293293 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2293293 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.47% | Percent of Class Represented by Amount in Row (9)<br>7.47% |
| 12. | Type of Reporting Person (See Instructions)<br>BD | Type of Reporting Person (See Instructions)<br>BD |

---

| 1. | Names of Reporting Persons<br>BMO ASSET MANAGEMENT INC. | Names of Reporting Persons<br>BMO ASSET MANAGEMENT INC. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>A6 | Citizenship or Place of Organization<br>A6 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>1912019 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>1912019 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1912019 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1912019 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.23% | Percent of Class Represented by Amount in Row (9)<br>6.23% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

---

| 1. | Names of Reporting Persons<br>BMO NESBITT BURNS INC. | Names of Reporting Persons<br>BMO NESBITT BURNS INC. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>Z4 | Citizenship or Place of Organization<br>Z4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>1851 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>998106 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>1851 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>998106 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>999958 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>999958 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>3.25% | Percent of Class Represented by Amount in Row (9)<br>3.25% |
| 12. | Type of Reporting Person (See Instructions)<br>BD | Type of Reporting Person (See Instructions)<br>BD |

---

**Item 1(a). Name of Issuer:**
North American Construction Group Ltd.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
27287 100 AVENUE
ACHESON, ALBERTA, CANADA
T7X 6H8

**Item 2(a). Name of Person Filing:**
Bank of Montreal

BANK OF MONTREAL HOLDING INC.

BMO NESBITT BURNS INC. WEALTH MANAGEMENT

BMO ASSET MANAGEMENT INC.

BMO NESBITT BURNS INC.

**Item 2(b). Address of Principal Business Office:**
1 First Canadian Place
Toronto, Ontario, Canada
M5X1A1

**Item 2(c). Citizenship:**
Bank of Montreal - CANADA (FEDERAL LEVEL)

BANK OF MONTREAL HOLDING INC. - CANADA (FEDERAL LEVEL)

BMO NESBITT BURNS INC. WEALTH MANAGEMENT - CANADA (FEDERAL LEVEL)

BMO ASSET MANAGEMENT INC. - ONTARIO, CANADA

BMO NESBITT BURNS INC. - CANADA (FEDERAL LEVEL)

**Item 2(d). Title of Class of Securities:**
Common Shares

**Item 2(e). CUSIP Number:**
656811106

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [x] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [x] 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) [x] 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) [x] 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), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

3,293,250

**(b) Percent of class:**

10.73

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Bank of Montreal - 2,295,144
BANK OF MONTREAL HOLDING INC. - 2,295,144
BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 2,293,293
BMO ASSET MANAGEMENT INC. - 1,912,019
BMO NESBITT BURNS INC. - 1,851

**(ii) Shared power to vote or to direct the vote:**

Bank of Montreal - 998,106
BANK OF MONTREAL HOLDING INC. - 998,106
BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 0
BMO ASSET MANAGEMENT INC. - 0
BMO NESBITT BURNS INC. - 998,106

**(iii) Sole power to dispose or to direct the disposition of:**

Bank of Montreal - 2,295,144
BANK OF MONTREAL HOLDING INC. - 2,295,144
BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 2,293,293
BMO ASSET MANAGEMENT INC. - 1,912,019
BMO NESBITT BURNS INC. - 1,851

**(iv) Shared power to dispose or to direct the disposition of:**

Bank of Montreal - 998,106
BANK OF MONTREAL HOLDING INC. - 998,106
BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 0
BMO ASSET MANAGEMENT INC. - 0
BMO NESBITT BURNS INC. - 998,106

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] 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 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

See Documents

**Item 8. Identification and Classification of Members of the Group**

Each reporting person may be deemed to be a member of a group with respect to the issuer or securities ofthe issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neitherthe filing of this statement nor anything herein shall be construed as an admission that such person is, for thepurposes of Section13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing toact) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose ofacquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or anysecurities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securitiesof the issuer.

**Item 9. Notice of Dissolution of Group**

—

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Bank of Montreal**

**Date:** 06/06/2025

**By:** Kathryn Cenac

**Name & Title:** Managing Director - Regulatory Solutions Group

**BANK OF MONTREAL HOLDING INC.**

**Date:** 06/06/2025

**By:** Kathryn Cenac

**Name & Title:** Managing Director - Regulatory Solutions Group

**BMO NESBITT BURNS INC. WEALTH MANAGEMENT**

**Date:** 06/06/2025

**By:** Kathryn Cenac

**Name & Title:** Managing Director - Regulatory Solutions Group

**BMO ASSET MANAGEMENT INC.**

**Date:** 06/06/2025

**By:** Kathryn Cenac

**Name & Title:** Managing Director - Regulatory Solutions Group

**BMO NESBITT BURNS INC.**

**Date:** 06/06/2025

**By:** Kathryn Cenac

**Name & Title:** Managing Director - Regulatory Solutions Group