Approval under clause 213(3)(b) of the Loan and Trust Corporations Act -- Manager of trust unable to rely upon Approval 81-901 -- Approval of Trustees of Mutual Fund Trusts as units to be sold pursuant to dealer registration and prospectus exemptions -- trust created for tax purposes to facilitate public offering by another trust -- each trusts' portfolio linked to the other through forward agreement - manager approved to act as trustee.
Loan and Trust Corporations Act, R.S.O. 1990, c.L.25, as am.,s. 213(3)(b).
June 24, 2005
Attention: Andrew L. Peel
Sentry Select Capital Corp. (the "Applicant")Application for Approval to act as trustee of Commodities Investment Trust under c. 213(3)(b) of the Loan and Trust Corporations Act (Ontario) -- App. No. 434/05
Further to an application (the "Application") dated June 17, 2005 filed on behalf of the Applicant and based on the facts set out in the Application, pursuant to the authority conferred on the Ontario Securities Commission (the "Commission") in clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario), the Commission approves the Applicant as trustee of Commodities Investment Trust.
"David L. Knight"
"Wendell S. Wigle"