The investment policies of the Plans, as well as those contained in the Canadian Securities Administrators policies, limit the Plans' investments to government bonds, guaranteed investment certificates, variable rate securities and corporate debt instruments. None of these securities require the issuer thereof to call meetings of holders or otherwise carry a right to vote.
Accordingly, the Plans' right to vote on any matter for which the Plans receive, in their capacity as security holders, proxy materials for a meeting of security holders, is limited to exceptional circumstances where creditors of an issuer are given a right to vote in accordance with applicable laws. In such an event, the Board of Directors of the Knowledge First Foundation, as sponsor of the Plan, would consider what is in the best interests of the security holders of the Plan, with respect to the Plan’s right to vote, and the Foundation would vote accordingly.
Download the 2013 Voting Proxy Record of the Plans offered by Knowledge First Financial.