The Securities Commission granted an order for terminating funds to cease being reporting issuers under applicable securities laws. The decision was based on the application by SLGI Asset Management Inc. on behalf of the funds, which are not identified as OTC reporting issuers and have securities owned by fewer than 15 security holders in each Canadian jurisdiction and fewer than 51 worldwide. Additionally, their securities are not traded on any public marketplace. The funds are not in default of any securities legislation. The order was made under the authority of the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The Ontario Securities Commission acted as the principal regulator, and the application was made in accordance with National Policy 11-206 and relied upon Multilateral Instrument 11-102 Passport System in various Canadian jurisdictions. The outcome allows each fund to cease being a reporting issuer in Canada.
