Ontario Commission des 20th Floor 20e étage
Securities valeurs mobilières 20 Queen Street West 20, rue queen ouest
Commission de l’Ontario Toronto ON M5H 3S8 Toronto ON M5H 3S8
Web site: www.osc.gov.on.ca
VIA SEDAR
May 21, 2019
YTM Capital Asset Management Ltd. (the Manager)
Attention: David Burbach
Dear Sir:
Re: YTM Capital Fixed Income Alternative Fund (the Fund)
Preliminary Simplified Prospectus, Annual Information Form and Fund Facts dated November 21, 2018
Exemptive Relief Application under Part 6 of National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101)
Application No. 2019/0087; SEDAR Project Number 2845550
By letter dated February 11, 2019 (the Application), YTM Capital Asset Management Ltd., the manager of the Fund applied to the Director of the Ontario Securities Commission (the Director) under section 6.1 of NI 81-101 for relief from the operation of subsection 2.1(2) of NI 81-101, which prohibits an issuer from filing a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.
This letter confirms that, based on the information and representations made in the Application, and for the purposes described in the Application, the Director intends to grant the requested exemption to be evidenced by the issuance of a receipt for the Fund’s prospectus, subject to the condition that the prospectus be filed no later than June 7, 2019.
Yours very truly,
“Darren McKall”
Darren McKall
Manager, Investment Funds and Structured Products Branch
Ontario Securities Commission