Frontenac MIC filings have been extended due to COVID-19. All trades received by 4:00pm EST today (March 31st) will be settled April 2nd.
Our management team has successfully negotiated the transition of Frontenac MIC to regulation under the Corporate Finance branch of the Ontario Securities Commission. When finalized, this will stand as an unprecedent success for the fund, and ensure the continuation of its unique Prospectus offering.
Earlier this month, we advised that due to the lapse of the current Prospectus on March 31st, purchase orders could not be fulfilled this month as the fund completes the transition. In light of the COVID-19 quarantine, securities regulators have provided issuers 45-day extensions on certain filing deadlines. As a result, Frontenac MIC will be able to settle all trades on April 2nd if submitted before 4:00pm EST today (March 31st).
If you have any questions, please contact our Portfolio Manager, Richard Colton: firstname.lastname@example.org.