The Applicant, CIT Holdings, LLC, applied to the securities regulatory authorities in Ontario, Alberta, Saskatchewan, and Nova Scotia for a decision that it is no longer a reporting issuer.
The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 security holders in each Canadian jurisdiction and fewer than 51 in total in Canada, and its securities are not traded on a marketplace.
The Ontario Securities Commission granted the requested relief, ordering that the Applicant is not a reporting issuer.