The Ontario Securities Commission granted True Exposure Investments, Inc. (the Filer), on behalf of the Trux Exogenous Risk Pool (the Pool), a 45-day extension for the renewal of their simplified prospectus and fund facts documents. This extension moves the lapse date to February 28, 2023, allowing the incorporation of audited annual financial statements into the renewal prospectus documents, avoiding the costs associated with reviewing unaudited interim financial statements.
The decision is based on subsection 62(5) of the Securities Act (Ontario) and is supported by the fact that there have been no material changes in the Pool’s affairs since the last filing, except for those already disclosed. The Pool’s financial year-end is December 31, and the audited annual financial statements are expected to be ready in the first week of February 2023. The extension will not compromise the accuracy of the Pool’s information and is not considered prejudicial to the public interest.
The Filer is registered as an investment fund manager in Ontario, Quebec, and Newfoundland and Labrador, and the Pool is a reporting issuer in all Canadian jurisdictions. The extension was granted without conditions and is consistent with the public interest and regulatory requirements.