Tralucent Asset Management Inc. and Tralucent Global Alt (Long/Short) Equity Fund
Headnote
National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions -- Exemption from subsection 2.1(2) of NI 81-101 to file a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.
Applicable Legislative Provisions
National Instrument 81-101 Mutual Fund Prospectus Disclosure, ss. 2.1(2), 6.1.
VIA SEDAR
September 18, 2023
Fasken Martineau DuMoulin LLP
Attention: Garth Foster
| Re: | Tralucent Asset Management Inc. (the Filer) |
| Tralucent Global Alt (Long/Short) Equity Fund (the Fund) | |
| Preliminary Simplified Prospectus, fund facts document and ETF facts document dated April 19, 2023 | |
| Exemptive Relief Application pursuant to Section 6.1 of National Instrument 81-101 General Prospectus Requirements (NI 81-101) | |
| Application No. 2023/0429; SEDAR Plus Project No. 6026690 | |
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By letter dated September 14, 2023 (the Application), the Filer, 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 October 16, 2023.
Yours very truly,