Frontenac Mortgage Investment Corporation
The Issuer amended and restated its audited annual financial statements for the year ended December 31, 2022 as well as its interim financial reports for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023 to correct an error in the application of International Financial Reporting Standards to measure the expected credit losses for a loan package that had been made to a borrower in relation to a large residential development property and has been impaired. The accompanying Management’s Discussion and Analysis (MD&A) for the year ended December 31, 2022, and for the periods ended March 31, 2023, June 30, 2023 and September 30, 2023 were also amended and restated to include corrective disclosure related to the expected credit losses of the loans. As a result of the corrective disclosure re-filings the Issuer also re-filed certifications of interim and annual filings for each MD&A in compliance with National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings.
