(April 28 – 14:00ET) – The Ontario Securities Commission has issued a notice of hearing and related statement of allegations against Amalgamated Income Limited Partnership and 479660 B.C. Ltd. Amalgamated units are listed on the Toronto Stock Exchange

According to the OSC, Amalgamated breached the requirements of the Ontario Securities Act in certain of its activities dating back to 1995. A date for the hearing is to be set on May 11.

Amalgamated is a limited partnership and a reporting issuer in all provinces. It is in the business of acquiring, holding and trading units of mutual fund limited partnerships.
The general partner of Amalgamated is 479660, a company incorporated in British Columbia.
-IE Staff