Securities Law & Instruments

Headnote

 

Clause 213(3)(b) of the Loan and Trust Corporations Act – application by manager, with prior track record acting as trustee, for approval to act as trustee of mutual fund trusts and any future mutual fund trusts to be established and managed by the applicant and offered pursuant to a prospectus exemption.

 

Statutes Cited

 

Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., s. 213(3)(b).

 

November 14, 2017

 

Osler, Hoskin & Harcourt LLP

P.O. Box 50, 1 First Canadian Place

Toronto, Ontario

M5X 1B8

 

Attention: Vanessa Hansford

 

Dear Sirs/Mesdames:

 

Re:         Redwood Asset Management Inc. (the “Applicant”)

 

Application under paragraph 213(3)(b) of the Loan and Trust Corporations Act (Ontario) for approval to act as trustee

 

Application #2017/0595

 

Further to your application dated October 27, 2017 (the “Application”) filed on behalf of the Applicant, and based on the facts set out in the Application and the representation by the Applicant that the assets of LOGiQ Credit Opportunities Fund, LOGiQ Select Equity Fund and any future mutual fund trusts that the Applicant may establish and manage from time to time, the securities of which will be offered pursuant to prospectus exemptions, will be held in the custody of a trust company incorporated and licensed or registered under the laws of Canada or a jurisdiction, or a bank listed in Schedule I, II or III of the Bank Act (Canada), or a qualified affiliate of such bank or trust company, the Ontario Securities Commission (the “Commission”) makes the following order:

 

Pursuant to the authority conferred on the Commission in paragraph 213(3)(b) of the Loan and Trust Corporations Act (Ontario), the Commission approves the proposal that the Applicant act as trustee of LOGiQ Credit Opportunities Fund, LOGiQ Select Equity Fund and any future mutual fund trusts which may be established and managed by the Applicant from time to time, the securities of which are or will be offered pursuant to an exemption from the prospectus requirement.

 

Yours truly,

 

“Janet Leiper”                                                                       “Frances Kordyback”

Commissioner                                                                     Commissioner

Ontario Securities Commission                                       Ontario Securities Commission