Ontario Commission des P.O. Box 55, 19th Floor CP 55, 19e étage
Securities valeurs mobilières 20 Queen Street West 20, rue queen ouest
Commission de l’Ontario Toronto ON M5H 3S8 Toronto ON M5H 3S8
Headnote National Policy 11-203 Process For Exemptive Relief Applications in Multiple Jurisdictions – Issuer deemed to no longer be a reporting issuer under securities legislation. Applicable Legislative Provisions Securities Act, R.S.O. 1990, c.S.5, as am., ss., s. 1(10)(a)(ii)
July 25, 2012
Dawn Scott
Torys LLP
79 Wellington St. W
Toronto, Ontario M5K 1N2
Attention: Dawn Scott
Dear Ms. Scott:
Re: NWQ U.S . Large Cap Value Fund (the "Applicant") — Application for an order not to be a
reporting issuer under the securities legislation of Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland & Labrador (the
"Jurisdictions") dated June 8, 2012
The Applicant has applied to the local securities regulatory authority or regulator (the "Decision Maker" ) in each of the Jurisdictions for a decision under the securities legislation (the “Legislation") of the Jurisdictions not to be a reporting issuer in the Jurisdictions.
As the Applicant has represented to the Decision Makers that,
the outstanding securities of the Applicant, including debt securities, are beneficially owned, directly or indirectly, by less than 15 security holders in each of the jurisdictions in Canada and less than 51 security holders in total in Canada;
no securities of the Applicant are traded on a marketplace as defined in National Instrument 21-101 Marketplace Operation;
the Applicant is applying for relief not to be a reporting issuer in all of the jurisdictions in Canada in which it is currently a reporting issuer; and
the Applicant is not in default of any of its obligations under the Legislation as a reporting issuer,
each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met and orders that the Applicant is not a reporting issuer .
“Darren McKall”
Darren McKall
Manager, Investment Funds
Ontario Securities Commission
Headnote
National Policy 11-203 Process For Exemptive Relief Applications in Multiple Jurisdictions – Issuer deemed to no longer be a reporting issuer under securities legislation.
Applicable Legislative Provisions
Securities Act, R.S.O. 1990, c.S.5, as am., ss., s. 1(10)(a)(ii)