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REALnorth Opportunities Fund

May 16, 2024 | Order | Securities Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/realnorth-opportunities-fund

: Securities Act, R.S.B.C. 1996, c. 418, s. 88. Securities Act, R.S.O. 1990, c.S.5, as am., s. 1(10)(a)(ii).


The Securities Commission granted RealNorth Opportunities Fund’s application to cease being a reporting issuer in all Canadian jurisdictions. The Fund, a trust formed in British Columbia, is in the process of winding up and has ceased all commercial activities. Shareholders approved the liquidation plan, and the Fund has distributed almost all its assets. The Fund committed to providing alternative disclosure to shareholders and notifying the regulator if it resumes business activities. The decision was based on compliance with relevant securities legislation, including the Securities Act of British Columbia and Ontario, and National Policy 11-203.

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