Elliott & Page Ltd. has received relief from the requirement to send its financials to unitholders because the big blackout prevented them from being printed on time.

The firm’s funds were required to send their interim financial statements for the six-month period ended June 30, to their unitholders concurrently with the filing of their financials with regulators by August 29. While the regulatory filings were completed on time through SEDAR, the printed financials were delayed because their printer, Bowne Enterprise Solutions, cut back its power consumption in the week following the blackout.

The decision granting the relief notes that Bowne was forced to severely reduce its power consumption leading to a decrease in its production rate by approximately 50%. As a result, the financials could not be printed and prepared for delivery until September 2, four days after the deadline.

Regulators allowed the exemption on the condition that the SEDAR filings were made on time, and that the printed copies were mailed to the unitholders no later than September 6.