Investment units
fix(compliance): close ES-side BCSC transferability correction gap on 7 files per Command's audit — translate/mirror existing EN Correction callouts; also extend investment-units.md EN correction to cover its own unhedged 'Transfer rights' claim, found while closing the gap
@@ -24,10 +24,16 @@ see_also: Investment units are the equity units issued by each direct-hold vehicle within MCorp's [[topic-direct-hold-framework|Direct-Hold]] framework. Each investment unit represents a proportional interest in the specific direct-hold vehicle — not a share in a pooled fund or a proportional claim on a portfolio of properties. **Correction (2026-08-02, verified against [[corporate-glossary]]):** the Direct-Hold framework belongs to Woodfine Capital Projects Inc. (WCP) as promoter, not MCorp — MCorp is "not the general partner, administrator, or governing body of any Direct-Hold vehicle." **Flagged, not resolved.** **Correction (2026-08-02, verified against [[corporate-glossary]]; extended 2026-08-04):** two issues. (1) The Direct-Hold framework belongs to Woodfine Capital Projects Inc. (WCP) as promoter, not MCorp — MCorp is "not the general partner, administrator, or governing body of any Direct-Hold vehicle." (2) The "Transfer rights" section below describes free transferability as a structural design common to the framework as a class. Only the Canada vehicle (Woodfine Professional Centres Limited Partnership) is currently established; it is currently subject to an active BCSC cease-trade order, under which units are not currently freely transferable. Any other vehicle's units would be planned, not yet established. **Flagged, not resolved.** Units are registered through the partnership's book-entry system and are transferable to willing counterparties subject to the restrictions set out in the applicable partnership agreement. The [[topic-perpetual-equity-model|Perpetual Equity Model]] governs the holding horizon for these units.