TORONTO, July 5, 2019 /CNW/ - Real Estate Asset Liquidity
Trust (the "Trust") announced today that it has applied to the
Ontario Securities Commission (the "OSC"), as principal regulator,
for a decision that it has ceased to be a reporting issuer in all
provinces of Canada.
As of today's date, the Trust has eight series of mortgage
pass-through certificates evidencing undivided co-ownership
interests in various categories of commercial and multifamily
mortgages, hypothecs and other charges on real or immovable
property situated in Canada
("Certificates") outstanding (details of which are provided in
Schedule "A"), all of which were offered on a private placement
basis to eligible investors in Canada and the
United States. The Trust no longer has any Certificates
outstanding that were issued publicly in Canada.
If the requested decision is granted by the OSC, and the
conditions in Multilateral Instrument 11-102 – Passport System have
been satisfied, the Trust will cease to be a reporting issuer in
Ontario and will be deemed to
cease to be a reporting issuer in all other provinces of
Canada in which it is a reporting
issuer (British Columbia,
Alberta, Saskatchewan, Manitoba, Quebec, New
Brunswick, Nova Scotia,
Prince Edward Island and
Newfoundland and Labrador) and, as a result, will no longer be
required to file management's discussion and analysis and other
continuous disclosure documents with any provincial securities
regulatory authority in Canada.
Pursuant to an MRRS decision document dated May 2, 2005, the Trust is currently exempted, on
certain terms and conditions, from filing interim and annual
financial statements with any provincial securities regulatory
authority in Canada. Pursuant to a
decision dated July 12, 2013, the
Trust is currently exempted, on certain terms and conditions, from
the requirements in National Instrument 52-109 – Certification of
Disclosure in Issuers' Annual and Interim Filings ("NI 52-109") to
file interim and annual certificates in the forms set out in NI
52-109.
The Trust will continue to cause to be prepared the annual,
quarterly and monthly reports contemplated in each pooling and
servicing agreement for a series of Certificates (each, a "Pooling
and Servicing Agreement") and for these reports to continue to be
made available in accordance with the terms of each Pooling and
Servicing Agreement.
SCHEDULE "A"
- Series 2014-1 Commercial Mortgage Pass-Through Certificates in
an aggregate principal amount of $280,615,596
- Series 2015-1 Commercial Mortgage Pass-Through Certificates in
the aggregate principal amount of $334,829,948
- Series 2016-1 Commercial Mortgage Pass-Through Certificates in
the aggregate principal amount of $400,953,248
- Series 2016-2 Commercial Mortgage Pass-Through Certificates in
the aggregate principal amount of $421,477,036
- Series 2017 Commercial Mortgage Pass-Through Certificates in
the aggregate principal amount of $406,758,444
- Series 2018-1 Commercial Mortgage Pass-Through Certificates in
the aggregate principal amount of $351,794,690
- Series 2019-HBC Commercial Mortgage Pass-Through Certificates
in the aggregate principal amount of $250,000,000
- Series 2019-1 Commercial Mortgage Pass-Through Certificates in
the aggregate principal amount of $446,398,139
SOURCE Real Estate Asset Liquidity Trust