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Board of Directors of the Toronto Atmospheric Fund · 2021-11-05 · 2021.TA14.10

The filed record

Rescission of Decision Respecting Item TA 5.9 - Direct Investment

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The decision

2021-11-05 · Board of Directors of the Toronto Atmospheric Fund · adopted

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Rescinded the February 14, 2020 decision on Item TA5.9 - Direct Investment Request respecting a Direct Investment of up to $1,500,000.

On the agenda

As the city filed it

Rescission of a previously approved Direct Investment as the company was able to raise equity which further de-risked the opportunity and a major bank supplanted TAF's position.

Staff recommended

The Vice President, Impact Investing recommends that the Toronto Atmospheric Fund Board of Directors: 1. Rescind the February 14, 2020 decision on Item TA 5.9 - Direct Investment Request respecting a Direct Investment of up to $1,500,000.

    On the record

    The item as the City filed it

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