The Filer, Transglobe Apartment Real Estate Investment Trust, applied for exemptive relief from continuous disclosure, certification, audit committee, and corporate governance requirements, as well as an exemption from participation fees.
Following a privatization transaction, the Filer became wholly-owned by a single entity and its Trust Units were delisted from the TSX.
The Filer's only outstanding public securities are defeased debentures, making continuous disclosure of minimal relevance to debenture holders.
The Ontario Securities Commission granted the requested relief, subject to the condition that the Filer file alternative annual disclosure regarding the defeased debentures.
