Mavrix Balanced Income & Growth Resources Trust

Decision

Headnote

Relief to file a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.

Rules Cited

Ontario Securities Commission Rule 41-501 - General Prospectus Requirements, s. 14.1(2).

December 28, 2005

Blake, Cassels & Graydon LLP

Attention: Andrew Gordon

Dear Sirs/Mesdames:

Re:
Mavrix Balanced Income & Growth Resources Trust (the "Trust")
Exemptive Relief Application under Part 15 of OSC Rule 41-501 General Prospectus Requirements ("Rule 41-501")
Application No. 917/05, SEDAR Project No. 837784

By letter dated December 19, 2005 (the "Application"), the Trust applied to the Director of the Ontario Securities Commission (the "Director") pursuant to section 15.1 of Rule 41-501 for relief from the operation of subsection 14.1(2) of Rule 41-501, 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 Trust's prospectus, subject to the condition that the prospectus be filed no later than January 31, 2006.

Yours very truly,

"Rhonda Goldberg"
Assistant Manager, Investment Funds Branch