Ci Investments Inc. – ‘SC 13G/A’ on 2/14/24 re: Brookfield Reinsurance Ltd.

On:  Wednesday, 2/14/24, at 4:26pm ET   ·   Accession #:  1163648-24-8   ·   File #:  5-92648

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Amendment to Statement of Acquisition of Beneficial Ownership by a “Passive” Investor   —   Schedule 13G   —   WA’68

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment to Statement of Acquisition of               6±    17K 
                Beneficial Ownership by a "Passive" Investor                     

Document Table of Contents

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

SCHEDULE 13G  

Under the Securities Exchange Act of 1934 

  (Amendment No. 1)*

Brookfield Reinsurance Ltd    
----------------------------------------------------- 
(Name of Issuer)

   Class A Exchangeable Shares
----------------------------------------------------- 
(Title of Class of Securities)

G16250105 
----------------------------------------------------- 
(CUSIP Number)

December 31, 2023 
----------------------------------------------------- 
(Date Of Event which Requires Filing of this Statement) 

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)                                                     

*  The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the       
disclosures provided in a prior cover page.                                     

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of   
1934 ("Act") or otherwise subject to the liabilities of that section of the Act 
but shall be subject to all other provisions of the Act (however, see the       
Notes).                                                                         

CUSIP No.G16250105                    13G                                       
--------------------------------------------------------------------------------
1.  NAMES OF REPORTING PERSONS:                                           

CI Investments Inc.                                               

Assante Capital Management Ltd.                                   

--------------------------------------------------------------------------------
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                     

(a) [ ]                                                           

(b) [ ]                                                           
--------------------------------------------------------------------------------
3.  SEC USE ONLY:                                                         

--------------------------------------------------------------------------------
4.  CITIZENSHIP OR PLACE OF ORGANIZATION OF EACH REPORTING PERSON:        

Province of Ontario, Canada                                       
--------------------------------------------------------------------------------
NUMBER OF      5.   SOLE VOTING POWER:                                    
SHARES             Such shares are held by the following entities       
BENEFICIALLY         in the respective amounts listed:                      
OWNED BY                                                                
EACH              CI Investments Inc.:              720,233           
REPORTING                                                                 
PERSON             Assante Capital Management Ltd.:  11                 
     WITH:        --------------------------------------------------------------
6.   SHARED VOTING POWER:                   
0                                 
                  --------------------------------------------------------------
7.   SOLE DISPOSITIVE POWER:                

      CI Investments Inc.:             720,233
                  --------------------------------------------------------------
8.   SHARED DISPOSITIVE POWER:              

 Assante Capital Management Ltd.: 11
--------------------------------------------------------------------------------
9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:         

CI Investments Inc.:              720,233                         
Assante Capital Management Ltd.:  11                              

--------------------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:  
[ ]                                                               
--------------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):                     
6.89%(1)(2)                                                       
--------------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON:                                              
CI Investments Inc.:              IA, FI                          

Assante Capital Management Ltd.:  BD, FI                          
--------------------------------------------------------------------------------

(1)     Calculated based on 10,450,952 Class A Exchangeable Shares of Brookfield
Reinsurance Ltd. (the "Issuer") outstanding as of September 30, 2023 as         
reported in the Issuer's Form 6-K filed with the Securities and Exchange        
Commission (the "SEC") on November 13, 2023.                                    
(2)     Percent of Class represented by Amount in Row (9) is calculated based   
on the combined aggregate amount beneficially owned by each CI Investments Inc. 
and Assante Capital Management Ltd.                                             

Item 1.     (a)   Name of Issuer:                                               

Brookfield Reinsurance Ltd.                 
                  --------------------------------------------------------------
(b)   Address of Issuer's Principal Executive Offices:  

Ideation House, 1st Floor,                  
94 Pitts Bay Road,                          
Pembroke, Bermuda, HM08                     

                  --------------------------------------------------------------
Item 2.     (a)   Name of Person Filing:                                        

CI Investments Inc.                         
Assante Capital Management Ltd.             
                  --------------------------------------------------------------
          (b)   Address of Principal Business Office, or if None, Residence:

CI Investments Inc.                         
15 York Street, Second Floor                
Toronto, Ontario, M5J 0A3, Canada           

Assante Capital Management Ltd.             
15 York Street, Second Floor                
Toronto, Ontario, M5J 0A3, Canada           

                  --------------------------------------------------------------
(c)   Citizenship:                                      

See Item 4 on the cover page hereto.        
                  --------------------------------------------------------------
(d)   Title of Class of Securities:                     

Class A Exchangeable Shares                 
                  --------------------------------------------------------------
(e)   CUSIP Number:                                     

G16250105                                   
                  --------------------------------------------------------------

Item 3.     If this statement is filed pursuant to Sections 240.13d-1(b) or     
  240.13d-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. 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) [ ]  An investment adviser in accordance with Sections
240.13d-1(b)(1)(ii)(E);               

         (f) [ ]  An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);  

         (g) [ ]  A parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G);  

        (h) [ ]  A savings association 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) [x]  a 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).
                If filing as a non-U.S. institution in accordance with
                 Section 240.13d-1(b)(1)(ii)(J), please specify the type
of institution: _______               

Item 4.    Ownership                                                            

       CI Investments Inc. provides Assante Capital Management Ltd. with
   sub-advisory services where portfolio models are provided for
discretionary accounts.                                   

        For (a) and (b), refer to Items 9 and 11 on the cover page hereto.

(a) Amount beneficially owned:                            

CI Investments Inc.                 720,233       

Assante Capital Management Ltd.:    11            

(b) Percent of Class:                                     
6.89%                                             
(See Item 11 on the cover page hereto.)           

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

(i)   Sole power to vote or to direct the vote:     
See Item 5 on the cover page hereto.    

(ii)  Shared power to vote or to direct the vote:   
See Item 6 on the cover page hereto.    

        (iii) Sole power to dispose or to direct the disposition of:
See Item 7 on the cover page hereto.    

          (iv)  Shared power to dispose or to direct the disposition of:
See Item 8 on the cover page hereto.    

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

Not Applicable                                            

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.           

Not Applicable                                            

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, (i)    
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 or    
with the effect of changing or influencing 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 nomination under Section 240.14a-11;       
and (ii) the foreign regulatory scheme applicable to the non-U.S.               
institutions above is substantially comparable to the regulatory scheme         
applicable to the functionally equivalent U.S institution(s). I also            
undertake to furnish to the Commission staff, upon request, information that    
would otherwise be disclosed in a Schedule 13D.                                 

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. 

Date:       February 14, 2024                                                   

CI Investments Inc.                                                             
Signature:  /s/ William Chinkiwsky                                              
--------------------------------------------------------------------            
Name:   William Chinkiwsky,                                                     
Title:  SVP, CI Enterprise Compliance & CCO, CI Investments Inc.                

Assante Capital Management Ltd.                                                 
Signature:  /s/ Kaella Bubel                                                    
--------------------------------------------------------------------            
Name:   Kaella Bubel                                                            
Title:  CCO                                                                     

____________________________________________________________________            
EXHIBIT 1                                                                       

AGREEMENT OF JOINT FILING                                                       

CI Investments Inc. and Assante Capital Management Ltd. hereby agree that the   
Statement on Schedule 13G to which this agreement is attached as an exhibit as  
well as all future amendments to such Statement, shall be filed jointly on      
behalf of each of them.  This agreement is intended to satisfy the              
requirements of Rule 13d-1 (k)(1)(iii) under the Securities Exchange Act        
of 1934, as amended.                                                            

Dated:  February 14, 2024                                                       

CI Investments Inc.                                                             
Signature:  /s/ William Chinkiwsky                                              
--------------------------------------------------------------------            
Name:   William Chinkiwsky,                                                     
Title:  SVP, CI Enterprise Compliance & CCO, CI Investments Inc.                

Assante Capital Management Ltd.                                                 
Signature:  /s/ Kaella Bubel                                                    
--------------------------------------------------------------------            
Name:   Kaella Bubel                                                            
Title:  CCO                                                                     

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13G/A’ Filing		Date		Other Filings
Filed on:		2/14/24		SC 13G/A
		12/31/23		13F-HR
		11/13/23		13F-HR,  6-K
		9/30/23		13F-HR,  6-K
				List all Filings