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RBC Short Term Income Class et al. -- Part 6 of NI 81-101 Mutual Fund Prospectus Disclosure
Headnote
National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions -- Exemption from s.2.1(2) of National Instrument 81-101 Mutual Fund Prospectus Disclosure to file a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.
Applicable Legislative Provisions
National Instrument 81-101 Mutual Fund Prospectus Disclosure, s. 2.1(2).
October 12, 2011
Osler, Hoskin & Harcourt LLP
Attention: Ms. Anna Huculak
Dear Sirs/Mesdames:
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Re: |
RBC Short Term Income Class, Phillips, Hager & North Total Return Bond Capital Class, RBC High Yield Bond Capital Class, RBC Canadian Dividend Class, RBC Canadian Equity Class, RBC Canadian Equity Income Class, RBC Canadian Mid Cap Equity Class, RBC North American Value Class, RBC U.S. Equity Class, Phillips, Hager & North U.S. Multi-Style All-Cap Equity Class, Phillips, Hager & North Overseas Equity Class, RBC Emerging Markets Equity Class and RBC Global Resources Class (the "Corporate Class Funds") |
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and |
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Phillips, Hager & North Total Return Bond Trust and RBC High Yield Bond Trust (the "Reference Funds", and together with the Corporate Class Funds, the "Funds") |
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Exemptive Relief Application under Part 6 of National Instrument 81-101 Mutual Fund Prospectus Disclosure ("NI 81-101") |
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Application No. 2011/0781; SEDAR Project Nos. 1773674, 1773677 |
By letter dated October 5, 2011 (the "Application"), the Funds applied to the Director of the Ontario Securities Commission (the "Director") under section 6.1 of NI 81-101 for relief from the operation of subsection 2.1(2) of NI 81-101, which prohibits an issuer from filing a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.
This letter confirms that, based on the information and representations made in the Application, and for the purposes described in the Application, the Director intends to grant the requested exemption to be evidenced by the issuance of a receipt for the Funds' prospectuses, subject to the condition that the prospectuses be filed no later than January 11, 2012.
Yours very truly,
"Chantal Mainville"
Acting Manager, Investment Funds Branch