Grosvenor Capital Management, L.P. Form 4 Filed 2018-06-22

FORM 4

☐	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

Grosvenor Capital Management, L.P.

2. Issuer Name and Ticker or Trading Symbol
Kinder Morgan Canada Ltd [KML]

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

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

(Last)

(First)

(Middle)

900 NORTH MICHIGAN AVE, SUITE 1100

3. Date of Earliest Transaction (Month/Day/Year)
06/06/2018

(Street)

CHICAGO, IL 60611

(City)

(State)

(Zip)

4. If Amendment, Date 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾	06/06/2018		P		4,100	A	$16.0105⁽⁷⁾	7,357,767	I	By GCM Special Opportunities Master Fund, Ltd.⁽³⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾	06/06/2018		P		15,300	A	$16.0088⁽⁷⁾	7,373,067	I	By GCM Special Opportunities Master Fund, Ltd.⁽³⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾	06/07/2018		P		2,400	A	$16.0475⁽⁷⁾	7,375,467	I	By GCM Special Opportunities Master Fund, Ltd.⁽³⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾	06/07/2018		P		4,300	A	$16.05⁽⁷⁾	7,379,767	I	By GCM Special Opportunities Master Fund, Ltd.⁽³⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾	06/08/2018		P		50,000	A	$16.05⁽⁷⁾	7,429,767	I	By GCM Special Opportunities Master Fund, Ltd.⁽³⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾	06/11/2018		P		94,800	A	$16.0441⁽⁷⁾	7,524,567	I	By GCM Special Opportunities Master Fund, Ltd.⁽³⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾	06/11/2018		P		44,100	A	$16.05⁽⁷⁾	7,568,667	I	By GCM Special Opportunities Master Fund, Ltd.⁽³⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾	06/11/2018		P		14,900	A	$16.0526⁽⁷⁾	14,900	I	By GCM Grosvenor Multi-Asset Class Fund II Trading, L.P.⁽⁶⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾	06/11/2018		P		39,100	A	$16.05⁽⁷⁾	54,000	I	By GCM Grosvenor Multi-Asset Class Fund II Trading, L.P.⁽⁶⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾	06/12/2018		P		28,900	A	$15.8511⁽⁷⁾	82,900	I	By GCM Grosvenor Multi-Asset Class Fund II Trading, L.P.⁽⁶⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾								1,176,278	I	By MCG Altscape Master Fund, L.P.⁽⁴⁾
Restricted Voting Shares, no par value⁽¹⁾⁽²⁾								1,842,756	I	By GCM Grove Investments, L.P.⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Grosvenor Capital Management, L.P. 900 NORTH MICHIGAN AVE SUITE 1100 CHICAGO, IL 60611		X
GCM Special Opportunities Master Fund, Ltd. 900 NORTH MICHIGAN AVE SUITE 1100 CHICAGO, IL 60611				See Explanation of Responses
MCG Altscape Master Fund, L.P. 900 NORTH MICHIGAN AVE SUITE 1100 CHICAGO, IL 60611				See Explanation of Responses
GCM Grove Investments, L.P. PO BOX 309 UGLAND HOUSE GRAND CAYMAN, E9 KY1-1104				See Explanation of Responses
GCM Grosvenor Multi-Asset Class Fund II Trading, L.P. 900 NORTH MICHIGAN AVE SUITE 1100 CHICAGO, IL 60611				See Explanation of Responses
GCM Investments GP, LLC 900 NORTH MICHIGAN AVE SUITE 1100 CHICAGO, IL 60611				See Explanation of Responses
GCMH GP, L.L.C. 900 NORTH MICHIGAN AVE SUITE 1100 CHICAGO, IL 60611				See Explanation of Responses
Grosvenor Capital Management Holdings, LLLP 900 NORTH MICHIGAN AVE SUITE 1100 CHICAGO, IL 60611				See Explanation of Responses
GCM, L.L.C. 900 NORTH MICHIGAN AVE SUITE 1100 CHICAGO, IL 60611		X
Sacks Michael Jay 900 NORTH MICHIGAN AVENUE SUITE 1100 CHICAGO, IL 60611		X

Explanation of Responses:

1.	This Form 4 is filed jointly by Grosvenor Capital Management, L.P. ("GCMLP"), GCM Special Opportunities Master Fund, Ltd. ("GSOMF"), MCG Altscape Master Fund, L.P. ("Altscape"), GCM Grove Investments, L.P. ("GARS-CO"), GCM Grosvenor Multi-Asset Class Fund II Trading, L.P. ("MACII"), GCM Investments GP, LLC ("GCM GP"), Grosvenor Capital Management Holdings, LLLP ("Grosvenor CMH"), GCMH GP, L.L.C. ("GCMH GP"), GCM, L.L.C., Grosvenor Holdings, L.L.C. ("Grosvenor Holdings"), MJS, LLC and Michael J. Sacks ("Mr. Sacks") (collectively, the "Reporting Persons").
2.	To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission. Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Restricted Voting Shares, no par value (the "Shares"). Each Reporting Person disclaims beneficial ownership of the Shares reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such Shares for purposes of Section 16 or for any other purpose.
3.	Shares owned directly by GSOMF. GCMLP, as the investment advisor of GSOMF, may be deemed to beneficially own the Shares owned directly by GSOMF. GCM, L.L.C., as the general partner of GCMLP, may be deemed to beneficially own the Shares owned directly by GSOMF. Grosvenor Holdings, as the managing member of GCM, L.L.C, may be deemed to beneficially own the Shares owned directly by GSOMF. Each of MJS, LLC and Mr. Sacks, as a managing member of Grosvenor Holdings, may be deemed to beneficially own the Shares owned directly by GSOMF.
4.	Shares owned directly by Altscape. GCM GP, as the general partner of Altscape, may be deemed to beneficially own the Shares owned directly by Altscape. Grosvenor CMH, as the sole member of GCM GP, may be deemed to beneficially own the Shares owned directly by Altscape. GCMH GP, as the general partner of Grosvenor CMH, may be deemed to beneficially own the Shares owned directly by Altscape. GCMLP, as the investment advisor of Altscape, may be deemed to beneficially own the Shares owned directly by Altscape. GCM, L.L.C., as the general partner of GCMLP, may be deemed to beneficially own the Shares owned directly by Altscape. Grosvenor Holdings, as the managing member of each of GCM, L.L.C and GCMH GP, may be deemed to beneficially own the Shares owned directly by Altscape. Each of MJS, LLC and Mr. Sacks, as a managing member of Grosvenor Holdings, may be deemed to beneficially own Shares owned directly by Altscape.
5.	Shares owned directly by GARS-CO. GCM GP, as the general partner of GARS-CO, may be deemed to beneficially own the Shares owned directly by GARS-CO. Grosvenor CMH, as the sole member of GCM GP, may be deemed to beneficially own the Shares owned directly by GARS-CO. GCMH GP, as the general partner of Grosvenor CMH, may be deemed to beneficially own the Shares owned directly by GARS-CO. GCMLP, as the investment advisor of GARS-CO, may be deemed to beneficially own the Shares owned directly by GARS-CO. GCM, L.L.C., as the general partner of GCMLP, may be deemed to beneficially own the Shares owned directly by GARS-CO. Grosvenor Holdings, as the managing member of each of GCM, L.L.C and GCMH GP, may be deemed to beneficially own the Shares owned directly by GARS-CO. Each of MJS, LLC and Mr. Sacks, as a managing member of Grosvenor Holdings, may be deemed to beneficially own Shares owned directly by GARS-CO.
6.	Shares owned directly by MACII. GCM GP, as the general partner of MACII, may be deemed to beneficially own the Shares owned directly by MACII. Grosvenor CMH, as the sole member of GCM GP, may be deemed to beneficially own the Shares owned directly by MACII. GCMH GP, as the general partner of Grosvenor CMH, may be deemed to beneficially own the Shares owned directly by MACII. GCMLP, as the investment advisor of MACII, may be deemed to beneficially own the Shares owned directly by MACII. GCM, L.L.C., as the general partner of GCMLP, may be deemed to beneficially own the Shares owned directly by MACII. Grosvenor Holdings, as the managing member of each of GCM, L.L.C and GCMH GP, may be deemed to beneficially own the Shares owned directly by MACII. Each of MJS, LLC and Mr. Sacks, as a managing member of Grosvenor Holdings, may be deemed to beneficially own Shares owned directly by MACII.
7.	Price per Share is provided in Canadian dollars.

	Signatures
	Grosvenor Capital Management, L.P., By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory	06/22/2018
	GCM Special Opportunities Master Fund, Ltd., By: Grosvenor Capital Management, L.P., its investment advisor, By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory	06/22/2018
	MCG Altscape Master Fund, L.P., By: Grosvenor Capital Management, L.P., its investment advisor, By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory	06/22/2018
	GCM Grove Investments, L.P., By: Grosvenor Capital Management, L.P., its investment advisor, By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory	06/22/2018
	GCM Grosvenor Multi-Asset Class Fund II Trading, L.P., By: Grosvenor Capital Management, L.P., its investment advisor, By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory	06/22/2018
	GCM, L.L.C., By: /s/ Burke J. Montgomery, Authorized Signatory	06/22/2018
	GCM Investments GP, LLC, By: Grosvenor Capital Management Holdings, LLLP, its sole member, By: GCMH GP, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory	06/22/2018
	Grosvenor Capital Management Holdings, LLLP, By: GCMH GP, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory	06/22/2018
	GCMH GP, L.L.C., By: /s/ Burke J. Montgomery, Authorized Signatory	06/22/2018
	/s/ Michael J. Sacks	06/22/2018
	** Signature of Reporting Person	Date
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