Proceedings

Notice from the
Office of the Secretary
Ontario

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE

March 22, 2011


IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

- AND -

IN THE MATTER OF SKYLINE APARTMENT REAL ESTATE INVESTMENT TRUST,
SKYLINE INCORPORATED, and SKYLINE ASSET MANAGEMENT INC.



TORONTO – Following a hearing held on March 18, 2011 in the above named matter, the Commission issued an order pursuant to S.144 which provides that paragraph (c) of the Initial Settlement Order be varied as set out herein to provide that the administrative penalty of $300,000 payable by the Respondents on a joint and several basis shall be paid to or for the benefit of third parties designated by the Commission, pursuant to s.3.4(2) of the Act.

A copy of the Order dated March 22, 2011 is available at www.osc.gov.on.ca

 

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

 

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