SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.__)
Imax Corp.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
45245E109
(CUSIP Number)
*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") of 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 7 Pages
<PAGE>
CUSIP NO. 45245E109 13G Page 2 of 7 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OppenheimerFunds, Inc.
I.R.S. NO. 13-2527171
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
A /__/
B /x/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Colorado
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED 0
BY EACH
REPORTING
PERSON
WITH
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
3,375,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,375,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.36%
12 TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 45245E109 13G Page 3 of 7 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oppenheimer Covertible Securities Fund
I.R.S. No.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
A /__/
B X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED 3,000,000
BY EACH
REPORTING
PERSON
WITH
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
3,000,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.21%
12 TYPE OF REPORTING PERSON*
IV
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Item 1(a) Name of Issuer:
Imax Corp.
Item 1(b) Address of Issuer's Principal Executive Offices:
2525 Speakman Drive
Mississauga L5KIBI
Toronto, Ontario, Canada
Item 2(a) Name of Person Filing:
OppenheimerFunds, Inc.
Item 2(b) Address of Principal Business Office:
Two World Trade Center, Suite 3400
New York, New York 10048-0203
Item 2(c) Citizenship:
Inapplicable
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
45245E109
Item 3(e) X Investment Adviser registered under
Section 203 of the Investment Advisers Act of 1940
Item 4(a) Amount Beneficially Owned: 3,375,000 shares
Item 4(b) Percent of Class: 10.36 %
Item 4(c)(i) Sole Power to vote or to direct the vote - 0
Item 4(c)(ii) Shared power to vote or to direct the vote - 0
Item 4(c)(iii) Sole power to dispose or to direct the disposition
of - 0
Item 4(c)(iv) Shared power to dispose or to direct the
disposition of - 3,375,000 shares
Item 5 Ownership to 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
5% of the class of securities, check the following:
Item 6 Ownership of More than Five Percent on Behalf
of Another Person:
See Exhibit A hereto
Item 7 Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company:
Inapplicable
Item 8 Identification and Classification
of Members of the Group:
Inapplicable
Item 9 Notice of Dissolution of Group:
Inapplicable
Item 10 Certification:
By signing below, I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection with
or as a participant in any transaction having such
purpose or effect.
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: Janua ry 22, 1999
Signature: /s/Merryl Hoffman
Name/Title: Merryl Hoffman, Vice President
<PAGE>
EXHIBIT A
The Board of Directors or Trustees of the registered investment companies
managed by OppenheimerFunds, Inc.("OFI") and owning shares of the issuer can
direct the disposition of dividends received by such funds and can dispose of
such securities. Additionally, OFI shares the power to dispose of such
securities with the Board of Directors or Trustees of such funds however, the
Board of Directors or Trustees of such fund has delegated these responsibilities
to OFI as the fund's investment advisor under its investment advisory agreement.
OFI has an interest relating to five (5%) percent or more of such securities as
disclosed on Page 2 hereof, by virtue of the interest of five percent (5%) or
more of such securities by Oppenheimer Convertible Securities Fund, as disclosed
on pages 3 and 4 hereof. OFI disclaims ownership of such securities, except as
expressly stated herein.
<PAGE>
EXHIBIT B
The undersigned investment company hereby acknowledges and agrees that a
report on Schedule 13G being filed by OppenheimerFunds, Inc.on or about the date
hereof, relating to the Common Stock of Imax Corp., is filed on behalf of the
undersigned.
Dated: January 22, 1999
Oppenheimer Convertible Securities Fund
By: /s/Robert Zack
Robert G. Zack
Assistant Secretary
SEC/Imaxt2.13g ~
