(1) The prior approval of the securityholders of an investment fund, given as provided in section 5.2, is required before the occurrence of each of the following:
(a) the basis of the calculation of a fee or expense that is charged to the investment fund or directly to its securityholders by the investment fund or its manager in connection with the holding of securities of the investment fund is changed in a way that could result in an increase in charges to the investment fund or to its securityholders;
(a.1) a fee or expense, to be charged to the investment fund or directly to its securityholders by the investment fund or its manager in connection with the holding of securities of the investment fund that could result in an increase in charges to the investment fund or to its securityholders, is introduced;
(b) the manager of the investment fund is changed, unless the new manager is an affiliate of the current manager;
(c) the fundamental investment objectives of the investment fund are changed;
(d) [Repealed]
(e) the investment fund decreases the frequency of the calculation of its net asset value per security;
(f) the investment fund undertakes a reorganization with, or transfers its assets to, another issuer, if
(i) the investment fund ceases to continue after the reorganization or transfer of assets, and
(ii) the transaction results in the securityholders of the investment fund becoming securityholders in the other issuer;
(g) the investment fund undertakes a reorganization with, or acquires assets from, another issuer, if
(i) the investment fund continues after the reorganization or acquisition of assets,
(ii) the transaction results in the securityholders of the other issuer becoming securityholders in the investment fund, and
(iii) the transaction would be a material change to the investment fund;
(h) the investment fund implements any of the following:
(i) in the case of a non-redeemable investment fund, a restructuring into a mutual fund;
(ii) in the case of a mutual fund, a restructuring into a non-redeemable investment fund;
(iii) a restructuring into an issuer that is not an investment fund.
(2) An investment fund must not bear any of the costs or expenses associated with a restructuring referred to in paragraph (1)(h).