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Generating
Companion Policy to NI 81-102 Investment Funds
Part 3 Investments
Section 3.3

Special Warrants.

CAUTION: Lexata's content was last updated in 2024 and may not reflect current securities regulatory requirements.

An investment fund is required by subsection 2.2(3) of the Instrument to assume the conversion of each special warrant it holds. This requirement is imposed because the nature of a special warrant is such that there is a high degree of likelihood that its conversion feature will be exercised shortly after its issuance, once a prospectus relating to the underlying security has been filed.