Form 13G/A

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

***CORRECTED FILING***

 

 

 

Mercer International Inc.


(Name of Issuer)

 

Shares of Beneficial Ownership – Par Value $1.00


(Title of Class of Securities)

 

 

588056101


(CUSIP Number)

 

W. D. (Doug) Cheyne, Vice President, Royal Bank of Canada

20 King Street West, 9th Floor, Toronto, ON, Canada M5H 1C4


(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

February 14, 2005


(Date of Event Which Requires Filing of this Statement)

 

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

 

¨ Rule 13d-1(b)

 

x 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 disclosures provided in a prior cover page.

 

The information required on 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).

 

(Continued on following pages)

 

(Page 1 of 5 Pages)


SCHEDULE 13G

(Amendment No. 1)

 

CUSIP NO. 588056101

 

  1.  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

            Royal Bank of Canada

   
  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  ¨

            N/A

   
  3.  

SEC USE ONLY

 

   
  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Canada

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  5.    SOLE VOTING POWER

 

                2,245,456 Shares of Beneficial Interest (1)


  6.    SHARED VOTING POWER

 


  7.    SOLE DISPOSITIVE POWER

 

                2,245,456 Shares of Beneficial Interest (1)


  8.    SHARED DISPOSITIVE POWER

 

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            2,245,456 Shares of Beneficial Interest (1)

   
10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

 

¨

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

            7.08% (2)

   
12.  

TYPE OF REPORTING PERSON*

 

            BK

   

 

(1) Includes an aggregate of 159,519 shares held by three wholly owned subsidiaries of the reporting person as of February 14, 2005 that were inadvertently omitted from the reporting person’s original filing dated February 14, 2005 and filed with the Securities and Exchange Commission on February 24, 2005. The shares held by these subsidiaries are as follows: 157,412 shares of beneficial interest held by Royal Bank of Canada Europe Limited, 2,105 shares of beneficial interest held by RBC Dominion Securities Inc. and 2 shares of beneficial interest held by RBC Capital Markets Corporation.
(2) Based on an aggregate of 31,700,951 shares of beneficial interest outstanding, which consists of 18,074,229 shares of beneficial interest outstanding as of November 8, 2004, according to the issuer’s quarterly report on Form 10-Q for the quarter ended September 30, 2004, 9,416,196 shares of beneficial interest sold in a public offering completed on February 14, 2005 and 4,210,526 shares issued in connection with its acquisition of the Celgar Pulp Mill, Castlegar, British Columbia.

 

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 

Page 2 of 5 Pages


Item 1

 

(a).

   Name of Issuer:          
         Mercer International Inc.          

Item 1

 

(b).

   Address of Issuer’s Principal Executive Offices:          
         14900 Interurban Avenue South, Suite 282, Seattle, WA 98168          

Item 2

 

(a).

   Name of Person Filing:          
         Royal Bank of Canada.          

Item 2

 

(b).

   Address of Principal Business Office or, if None, Residence:          
         20 King Street West, 9th Floor, Toronto, ON, Canada M5H 1C4          

Item 2

 

(c).

   Citizenship:          
         Canada          

Item 2

 

(d).

   Title of Class of Securities:          
         Shares of Beneficial Ownership $1.00 par value          

Item 2

 

(e).

   CUSIP Number:          
         588056101          

Item 3.

  If This Statement is Filed Pursuant to Rule 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 Exchange Act.
    (b)    ¨    Bank as defined in Section 3(a)(6) of the Exchange Act.
    (c)    ¨    Insurance company as defined in Section 3(a)(19) of the Exchange Act.
    (d)    ¨    Investment company registered under Section 8 of the Investment Company Act.
    (e)    ¨    An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
    (f)    ¨    An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
    (g)    ¨    A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
    (h)    ¨    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
    (i)    ¨    A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
    (j)    ¨    Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
    Not applicable.          

 

Page 3 of 5 Pages


Item 4.

   Ownership.          
     Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.          

 

     (a)    Amount beneficially owned:          
          2,245,456 Shares of Beneficial Interest*          
     (b)    Percent of class:          
          7.08%          
     (c)    Number of shares as to which such person has:          
          (i)    Sole power to vote or to direct the vote  2,245,456 Shares of Beneficial Interest*          
          (ii)    Shared power to vote or to direct the vote  n/a          
          (iii)    Sole power to dispose or to direct the disposition of  2,245,456 Shares of Beneficial Interest*          
          (iv)    Shared power to dispose or to direct the disposition of  n/a          

* Includes an aggregate of 159,519 shares held by three wholly owned subsidiaries of the reporting person as of February 14, 2005 that were inadvertently omitted from the reporting person’s original filing dated February 14, 2005 filed with the Securities and Exchange Commission on February 24, 2005. The shares held by these subsidiaries are as follows: 157,412 shares of beneficial interest held by Royal Bank of Canada Europe Limited, 2,105 shares of beneficial interest held by RBC Dominion Securities Inc. and 2 shares of beneficial interest held by RBC Capital Markets Corporation.

 

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: ¨     
     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.

   Certifications.          
     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.     

 

Page 4 of 5 Pages


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.

 

June 13, 2005


(Date)

/s/ W. D. (Doug) Cheyne


(Signature)

W. D. (Doug) Cheyne, Vice President


 

Page 5 of 5 Pages