O. Reg. 53/15: GENERAL

Link to law: http://www.ontario.ca/laws/regulation/r15053
Published: 2015-03-13

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ontario regulation 53/15

made under the

Trillium Trust Act, 2014

Made: February 17, 2015
Approved: March 4, 2015
Filed: March 13, 2015
Published on e-Laws: March 13, 2015
Printed in The Ontario Gazette: March 28, 2015


General

Qualifying assets: General Motors shares

1. (1) The following shares issued by the General Motors Company are designated as qualifying assets for the purposes of the Act:

1. Common shares sold on September 10, 2013 by Canada GEN on behalf of Her Majesty the Queen as represented by the Minister of Finance.

2. Common shares sold after January 20, 2015 and before January 1, 2016 by Her Majesty the Queen as represented by the Minister of Finance.

3. Series A Preferred Stock held by Canada GEN on behalf of Her Majesty the Queen as represented by the Minister of Finance and redeemed by the General Motors Company on December 31, 2014.

(2) The following amounts are to be credited to the Trillium Trust with respect to the disposition of those qualifying assets:

1. For the common shares sold by Canada GEN, on September 10, 2013, 100 per cent of the net proceeds of disposition received by the Minister of Finance from the Canada Development Investment Corporation.

2. For the common shares sold by the Minister of Finance after January 20, 2015 and before January 1, 2016, 100 per cent of the net proceeds of disposition.

3. For the Series A Preferred Stock redeemed by the General Motors Company on December 31, 2014, 100 per cent of the net proceeds of disposition received by the Minister of Finance from the Canada Development Investment Corporation.

(3) In this section,

“Canada Development Investment Corporation” means the Canada Development Investment Corporation incorporated on May 26, 1982 under the Canada Business Corporations Act;

“Canada GEN” means the corporation that was incorporated as 7176384 Canada Inc. on May 20, 2009 under the Canada Business Corporations Act and that is a wholly-owned subsidiary of the Canada Development Investment Corporation.

Commencement

2. This Regulation comes into force on the later of the following days:

1. March 15, 2015.

2. The day this Regulation is filed.

Made by:

Treasury Board:

Deborah Drake Matthews

President

Kevin French

Acting Secretary

Date made: February 17, 2015.