National Instrument 81-106 Investment Fund Continuous Disclosure
Part 8 Independent Valuations for Labour Sponsored or Venture Capital Funds
Section 8.3

Disclosure Concerning Independent Valuator

A labour sponsored or venture capital fund that obtains an independent valuation must include, in the statement of investment portfolio contained in its annual financial statements, or in the notes to the annual financial statements,

(a) a description of the independent valuator’s qualifications, and

(b) a description of any past, present or anticipated relationship between the independent valuator and the labour sponsored or venture capital fund, its manager or portfolio adviser