(1) In this Part, “securityholder” means a registered holder or beneficial owner of securities issued by an investment fund.
(2) Subject to section 5.2 or section 5.3, an investment fund must send to a securityholder, by the filing deadline for the document, the following:
(a) annual financial statements;
(b) the interim financial report;
(c) if required to be prepared by the investment fund, the annual management report of fund performance;
(d) if required to be prepared by the investment fund, the interim management report of fund performance.
(3) An investment fund must apply the procedures set out in National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer when complying with this Part.
(4) Despite subsection (3), National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer does not apply to an investment fund with respect to a requirement under this Part if the investment fund has the necessary information to communicate directly with a beneficial owner of its securities.