Westboro Management Ltd. (“WML”) is the general partner of Westboro LP, of which WMIC is the majority limited partner. As general partner, WML receives distributions from Westboro LP, which reduces returns to investors.
WMIC is a related issuer of WML by virtue of their common controlling shareholder. Velos Capital Corp. exercises control over the voting shares of both WMIC and WML. WMIC is a connected issuer of WML by virtue of WML’s role in acting as general partner of Westboro LP and its receipt of general partnership distributions as a result thereof. WMIC is also a connected issuer by virtue of common directors and officers.