The Filer, H&R Finance Trust, applied for exemptive relief from the requirement in section 2.2(3)(b)(ii) of National Instrument 44-102 Shelf Distributions.
The Filer's units are stapled to units of H&R Real Estate Investment Trust.
The Filer had previously been granted relief from certain continuous disclosure requirements, including the requirement to file an annual information form.
Without the requested exemption, a receipt for a base shelf prospectus would expire immediately before entering into an agreement of purchase and sale because the Filer does not have a current annual information form.
The principal regulator granted the exemption, subject to conditions including that the Filer continues to comply with its prior continuous disclosure relief and that its units remain stapled to the REIT's units.