Article 54(c): Disclosure Requirements of Closed-Ended Investment Traded Fund

c. Disclosure relating to substantial unitholder dealings:

1. Any person must notify the Exchange if such person becomes the owner of, or is interested in, (5%) or more of the fund’s units, within a maximum period not exceeding the end of the third trading day following the execution of the transaction or the occurrence of the event which results such ownership or interest; the notification shall also include a list of persons who have an interest in the units that they own or control.

2. The person referred to in Subparagraph (1) of Paragraph (c) of this Article must notify the Exchange in the event of any change to the list of persons referred to in Subparagraph

(1) of Paragraph (c) of this Article, including any event which requires the inclusion of a person to that list or the exclusion of any person who has been previously included in that list. Such notification must be made during a period not exceeding the end of the third trading day following the occurrence of the event that led to the relevant change.

3. For the purposes of this Paragraph, in calculating the total number of the fund's units in which a person is interested, that person shall be deemed to be interested in any units owned or controlled by any of the following persons:

a. a relative of that person;

b. a company controlled by that person; or

c. any other persons with which that person has agreed to act in concert to acquire an interest in the fund units.

4. the notification referred to in Subparagraph (1) of Paragraph (c) of this Article must contain at least the following information:

a. the names of the persons who own the units or who have the right to dispose of the subject units;

b. details of the ownership process; and

c. details of any loans or financial support for the ownership process that the person has received from any other persons.