Canada Gazette, Part I, Volume 158, Number 38: MISCELLANEOUS NOTICES

September 21, 2024

BNY TRUST COMPANY OF CANADA

REDUCTION OF STATED CAPITAL

As required under subsection 78(5) of the Trust and Loan Companies Act (Canada), notice is hereby given that BNY Trust Company of Canada (the “Company”) intends to apply to the Superintendent of Financial Institutions (Canada) [“Superintendent”] for approval to reduce the stated capital of the common shares of the Company in accordance with the special resolution passed by the sole shareholder of the Company on September 12, 2024, a copy of which is set out below.

“RESOLVED AS A SPECIAL RESOLUTION THAT

  1. Subject to the approval of the Superintendent, and in accordance with section 78 of the Trust and Loan Companies Act (Canada), the stated capital of the Company be reduced by an amount of up to $26.5 million (the “Authorized Limit”) by reducing the stated capital account maintained for its common shares, such amount to be distributed to the sole shareholder of the Company;
  2. The directors and officers of the Company are hereby authorized and directed to apply under section 78 of the Trust and Loan Companies Act (Canada) for approval of this resolution and such reduction of stated capital;
  3. The Company’s Chief Financial Officer shall determine the amount of any such reduction of stated capital within the Authorized Limit; and
  4. Any director or officer of the Company be and is hereby authorized and directed, for and on behalf of the Company, to execute and deliver all such documents and to do such other acts or things as may be determined to be necessary or advisable to give effect to this resolution, the execution of any such document or the doing of any such other act or thing being conclusive evidence of such determination.”

The publication of this notice should not be construed as evidence that approval will be issued for the reduction of capital.

Toronto, September 21, 2024

BNY Trust Company of Canada

PROPERTY AND CASUALTY INSURANCE COMPENSATION CORPORATION

APPLICATION TO INCORPORATE A PROPERTY AND CASUALTY INSURANCE COMPANY

Notice is hereby given, pursuant to subsection 25(2) of the Insurance Companies Act (Canada), that Property and Casualty Insurance Compensation Corporation (“PACICC”) intends to apply to the Minister of Finance for letters patent to incorporate a property and casualty insurance company. The proposed company will carry on business in Canada under the name PACICC-SIMA General Insurance Company / Compagnie d’Assurance Générale PACICC-SIMA and its head office will be located in Toronto, Ontario.

The proposed insurance company will not carry on any business unless and until required in certain special circumstances, as determined by the PACICC Board.

Any person who objects to the issuance of these letters patent may submit an objection in writing to the Office of the Superintendent of Financial Institutions (OSFI), 255 Albert Street, Ottawa, Ontario K1A 0H2, or by emailing OSFI at approvals-approbations@osfi-bsif.gc.ca, on or before October 22, 2024.

Note: The publication of this notice should not be construed as evidence that letters patent will be issued to incorporate the company. The granting of the letters patent will be dependent upon the normal Insurance Companies Act (Canada) application review process and the discretion of the Minister of Finance.

August 31, 2024

Property and Casualty Insurance Compensation Corporation