TORONTO, July 5, 2019 /CNW/ - Real Estate Asset Liquidity Trust (the "Trust") announced today that it has applied to the Ontario Securities Commission (the "OSC"), as principal regulator, for a decision that it has ceased to be a reporting issuer in all provinces of Canada.

As of today's date, the Trust has eight series of mortgage pass-through certificates evidencing undivided co-ownership interests in various categories of commercial and multifamily mortgages, hypothecs and other charges on real or immovable property situated in Canada ("Certificates") outstanding (details of which are provided in Schedule "A"), all of which were offered on a private placement basis to eligible investors in Canada and the United States. The Trust no longer has any Certificates outstanding that were issued publicly in Canada.

If the requested decision is granted by the OSC, and the conditions in Multilateral Instrument 11-102 – Passport System have been satisfied, the Trust will cease to be a reporting issuer in Ontario and will be deemed to cease to be a reporting issuer in all other provinces of Canada in which it is a reporting issuer (British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador) and, as a result, will no longer be required to file management's discussion and analysis and other continuous disclosure documents with any provincial securities regulatory authority in Canada. Pursuant to an MRRS decision document dated May 2, 2005, the Trust is currently exempted, on certain terms and conditions, from filing interim and annual financial statements with any provincial securities regulatory authority in Canada. Pursuant to a decision dated July 12, 2013, the Trust is currently exempted, on certain terms and conditions, from the requirements in National Instrument 52-109 – Certification of Disclosure in Issuers' Annual and Interim Filings ("NI 52-109") to file interim and annual certificates in the forms set out in NI 52-109.

The Trust will continue to cause to be prepared the annual, quarterly and monthly reports contemplated in each pooling and servicing agreement for a series of Certificates (each, a "Pooling and Servicing Agreement") and for these reports to continue to be made available in accordance with the terms of each Pooling and Servicing Agreement.

SCHEDULE "A"

  1. Series 2014-1 Commercial Mortgage Pass-Through Certificates in an aggregate principal amount of $280,615,596

  2. Series 2015-1 Commercial Mortgage Pass-Through Certificates in the aggregate principal amount of $334,829,948

  3. Series 2016-1 Commercial Mortgage Pass-Through Certificates in the aggregate principal amount of $400,953,248

  4. Series 2016-2 Commercial Mortgage Pass-Through Certificates in the aggregate principal amount of $421,477,036

  5. Series 2017 Commercial Mortgage Pass-Through Certificates in the aggregate principal amount of $406,758,444

  6. Series 2018-1 Commercial Mortgage Pass-Through Certificates in the aggregate principal amount of $351,794,690

  7. Series 2019-HBC Commercial Mortgage Pass-Through Certificates in the aggregate principal amount of $250,000,000

  8. Series 2019-1 Commercial Mortgage Pass-Through Certificates in the aggregate principal amount of $446,398,139

SOURCE Real Estate Asset Liquidity Trust

Copyright 2019 Canada NewsWire

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