The Ontario Securities Commission (OSC) has granted Frontenac Mortgage Investment Corporation (the Filer) an extension for filing a renewal prospectus. The Filer, a reporting issuer in multiple Canadian jurisdictions, is not in default of any securities legislation. The Filer’s current prospectus, dated June 16, 2022, was set to lapse on June 16, 2023. To maintain continuous distribution of its common shares, the Filer needed to file a prospectus by June 26, 2023, with a receipt issued by July 6, 2023.
The Filer has ceased distribution under the current prospectus and is engaged in ongoing discussions with the OSC regarding an amendment filed on June 6, 2023, and a pro forma prospectus filed on May 17, 2023. No material changes have occurred since the last amendment receipt was issued on September 30, 2022, and the Filer has committed to filing an amendment for any future material changes.
The OSC has determined that extending the filing deadline will not be prejudicial to the public interest and has allowed the Filer to refile the prospectus as if the lapse date was extended by 60 days to August 15, 2023. The Filer will not distribute securities until a receipt for the renewal prospectus is issued. This decision is based on the Securities Act, R.S.O. 1990, c. S.5, as amended, section 62(5), and National Instrument 41-101 General Prospectus Requirements.