Exempt Market Dealer Activities

Restrictions on PearTree Securities Inc.’s registration as restricted portfolio manager:

1. The advising activities of PearTree Securities Inc. (“PSI”) under its registration as a restricted portfolio manager are limited to acting as portfolio manager for funds that have the objective of providing returns through tax-assisted investments in securities issued by resource companies that, for purposes of subsection 66(15) of the Income Tax Act (Canada), either qualify as “flow through shares” or are other securities of “principle business corporations”, if all of the following apply: (a) PSI, or an affiliate, is the general partner or a control person of the general partner of each fund; (b) each investor in the funds is either an “accredited investor” as defined in National Instrument 45-106 Prospectus and Registration Exemptions, or a “permitted client”, as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations.

2. PSI may permit funds for which it acts as portfolio manager to make incidental investments in investment grade fixed income securities.


Special Report commissioned by PearTree Securities on the tax cost to the federal Treasury related to super flow through share financing in the mining industry.
Download the report