Reliance on Ontario Instrument 81-503 Extension of Certain Filing, Delivery and Prospectus Renewal Requirements of Investment Funds to extend prospectus renewal timing requirements Global Iman Fund is relying on Ontario Instrument 81-503 Extension of Certain Filing, Delivery and Prospectus Renewal Requirements of Investment Funds
and the applicable relief order in each other province and territory of Canada in order to extend the prospectus renewal timing requirements set out in section 62 of the Securities Act
(Ontario) and section 2.5(1) of NI 81-101 Mutual Fund Prospectus Disclosure by up to 45 days. The current lapse date of Global Iman Fund is May 30, 2020. The extended lapse date is July 14, 2020.
Each of the following funds is relying on Ontario Instrument 81-505 Extension of Certain Filing, Delivery and Prospectus Renewal Requirements of Investment Funds with Deadlines during the period from June 2 to September 30, 2020
and equivalent relief in each of the other provinces and territories of Canada in order to extend the following filing and delivery deadlines specific to each fund by up to 60 days:
National Instrument 81-106 - Investment Fund Continuous Disclosure, which came into effect on June 1, 2005, requires disclosure of the proxy voting record on an annual basis for the period ending on June 30 of each year. The proxy voting record must be posted on the website no later than August 31 of each year.
National Instrument 81-106 provides that the manager of the investment funds (Global Growth Assets Inc. "GGAI"), acting on behalf of the investment funds, has the right and obligation to vote proxies relating to the investment fund's portfolio securities. As a practical matter, GGAI delegates this function to the applicable portfolio manager, as part of the portfolio manager's general management of the investment fund assets, subject to oversight by GGAI. GGAI generally requires that applicable portfolio managers vote all proxies in the best interest of GGAI's funds and their security holders, as determined solely by the portfolio manager and subject to GGAI's proxy voting policy, the guidelines applicable to the individual portfolio manager, and applicable legislation.