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- November 27, 2015
ROI Capital – Change in Transfer Agent
- October 27, 2015
ROI Private Commercial Mortgage Investment Corporation Issued Certificate of Intent to Dissolve
- July 22, 2015 TORONTO – July 21, 2015 – Return On Innovation Advisors Ltd. (“ROI Capital”), the manager of Return On Innovation Fund Inc. (the “ROI Fund”), today announced that it will not renew the prospectus of the ROI Fund. Effective August 28, 2015, the lapse date of the current prospectus, the ROI Fund will no longer accept additional investments. The decision not to renew the prospectus is due to the reduction and eventual elimination of the 15% Federal Labour Sponsored Venture Capital Corporation (“LSVCC”) tax credit, which was passed into law on December 12, 2013. The Federal LSVCC credit for the 2015 taxation year was reduced from 15% to 10%, will be reduced to 5% for the 2016 taxation year and will be eliminated in 2017 and for all subsequent taxation years.
Return On Innovation Advisors Ltd. to Not Renew Prospectus