Colleges of Applied Arts and Technology Pension Plan entered into a memorandum of agreement to acquire Eight Registered Defined Benefit Pension Plans of Torstar Corporation (TSX:TS.B) on June 21, 2018. The merger remains subject to the consent of the Superintendent of Financial Services and is subject to customary closing conditions and approvals. Colleges of Applied Arts and Technology Pension Plan completed the acquisition of Eight Registered Defined Benefit Pension Plans of Torstar Corporation (TSX:TS.B) on December 3, 2019. As per the transaction, liabilities for all past benefits under the Torstar Plans is now transferred to the CAAT Plan together with the assets of the Torstar Plans, and the CAAT Plan has assumed responsibility for all pension benefit payments to members of the Torstar Plans. The Financial Services Regulatory Authority of Ontario has consented to the merger of Eight Registered Defined Benefit Pension Plans into the Colleges of Applied Arts and Technology Pension Plan and the transfer of assets.