Atlantic Coast Financial Corporation
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(Name of Issuer)
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Common Shares
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(Title of Class of Securities)
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048426100
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(CUSIP Number)
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December 31, 2015
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No. 048426100
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13G
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Page 2 of 6 Pages
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1
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NAMES OF REPORTING PERSONS TFO USA Limited
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
1,034,138
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6
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SHARED VOTING POWER
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7
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SOLE DISPOSITIVE POWER
1,034,138
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8
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SHARED DISPOSITIVE POWER
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,034,138
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.67%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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CUSIP No. 048426100
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13G
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Page 3 of 6 Pages
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Item 1(a).
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Name of Issuer: Atlantic Coast Financial Corporation
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
4655 Salisbury Road, Suite 110 Jacksonville, FL 32256 |
Item 2(a).
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Names of Persons Filing: TFO USA Limited
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Item 2(b).
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Address of Principal Office or, if none, Residence:
555 5th Avenue, 6th Floor New York, NY 10017 |
Item 2(c).
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Citizenship:
Delaware |
Item 2(d).
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Title of Class of Securities:
Common Shares |
Item 2(e).
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CUSIP Number:
048426100 |
Item 3. *
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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:
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(a) ☐
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Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
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(b) ☐
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Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c) ☐
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Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
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(d) ☐
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Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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(e) ☒
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An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);
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(f) ☐
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An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);
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(g) ☐
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A Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G);
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(h) ☐
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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CUSIP No. 048426100
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13G
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Page 4 of 6 Pages
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(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);
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(j) ☐ |
A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J);
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(k) ☐ |
Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).
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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.
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Ownership.
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(a) |
Amount beneficially owned: 1,034,138
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(b) | Percent of class: 6.67% | |
(c) | Number of shares as to which the person has: | |
(i) Sole power to vote or to direct the vote: 1,034,138 | ||
(ii) Shared power to vote or to direct the vote:
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(iii) Sole power to dispose or to direct the disposition of: 1,034,138
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(iv) Shared power to dispose or to direct the disposition of:
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Item 5.
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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.
TFO USA Limited or its affiliate, in its capacity as the investment adviser to one or more clients, has the power to direct the investment activities thereof.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
Not Applicable
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Item 8.
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Identification and Classification of Members of the Group.
Not Applicable
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Item 9.
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Notice of Dissolution of Group.
Not Applicable
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CUSIP No. 048426100
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13G
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Page 5 of 6 Pages
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Item 10.
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Certification.
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CUSIP No. 048426100
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13G
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Page 6 of 6 Pages
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TFO USA LIMITED | |||
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By:
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/s/ Abdulmohsin Al Omran | |
Name: Abdulmohsin Al Omran | |||
Title: President | |||