The Applicant, Government Strip Bond Trust, applied for a decision that it is no longer a reporting issuer under the securities legislation of multiple Canadian jurisdictions.
The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each jurisdiction and fewer than 51 worldwide, its securities are not traded on any marketplace, and it is not in default of any obligations under the legislation.
The Ontario Securities Commission granted the requested relief, ordering that the Applicant is not a reporting issuer.