What do I do if I own shares in an issuer that has a CTO issued against it?

You may want to contact the issuer directly to find out how it is addressing the CTO. Issuer contact information is available on the issuer’s profile on SEDAR+. For more information on searching profiles, click on the following link about Search SEDAR+.
If you are unable to reach the issuer, you may contact the securities regulatory authority that issued the CTO for more information. If multiple CTOs are issued against the same issuer, contact the issuer’s principal regulator. This information is also available under the issuer’s profile on SEDAR+.
Please note that certain CTOs allow trading under certain specific conditions. Consult the order for more information on these conditions or, consult the jurisdiction which issued the CTO to see if these conditions apply to your situation. 
 
 If there are no exceptions applicable to your situation, you have two options: 

• Hold onto your shares in the event the CTO is revoked; or 
• Consider claiming a capital loss on your income taxes. 

You can contact the Canada Revenue Agency for more information on this second option. 
 
If you need to dispose of your securities to establish a tax loss, you can apply for a partial revocation order in accordance with National Policy 11-207 Failure-to-File Cease Trade Orders in Multiple Jurisdictions.