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Woodfine Corporate

The corporate record for Woodfine Capital Projects Inc., developer and promoter of direct-hold commercial real estate. Articles explain the company, its investment vehicles, the financial model, governance, and risk, in plain language. Forward-looking statements carry planned, intended, or target language throughout.

Woodfine Capital Projects

Revision as of · dad5b0a8

Historical revision — this record as it stood on 24 August 2026, not the current version. View the current record →

Financial reporting

Woodfine Capital Projects Inc. intends to file mandatory annual and interim financial disclosures as a reporting issuer under National Instrument 51-102 Continuous Disclosure Obligations, upon effectiveness of its planned prospectus offering.1 These filings give investors and regulators audited and reviewed financial statements and management's analysis of results and outlook. If WCP is classified as a non-venture issuer, its filings also include an annual information form describing the company's business, risk factors, and governance structure — a venture issuer is not required to file one.

Annual reporting cycle

Annual disclosure for the fiscal year ended December 31 is due no later than March 31 of the following year (90 days after fiscal year end, or 120 days for a venture issuer). The annual filing package consists of up to three components; a venture issuer's package consists of the first two below, since venture issuers are not required to file an annual information form.

Audited annual financial statements are prepared in accordance with International Financial Reporting Standards as adopted by the Canadian Accounting Standards Board. They include the statement of financial position, statement of comprehensive income, statement of changes in equity, statement of cash flows, and supporting notes. The statements are audited by an independent external auditor and accompanied by the auditor's report.

Management's discussion and analysis (annual) is a narrative document in which management discusses the company's financial position, operating results, and significant developments during the fiscal year. It includes a forward-looking overview of business priorities and risk factors. Material assumptions underlying forward-looking statements are identified and disclosed. The annual MD&A is filed together with the annual financial statements.

Annual information form (AIF) on Form 51-102F2, where one is filed, provides background on the company's corporate structure, business operations, properties, risk factors, directors and officers, legal proceedings, and audit committee composition. Filing an AIF is mandatory only for a non-venture issuer; a venture issuer is not required to file one, though it may do so voluntarily. Where filed, the AIF is the primary document for investors seeking a comprehensive factual description of the company's business and governance at a point in time.

Interim reporting cycle

Interim disclosure is required for each of the first three fiscal quarters. The deadline is 45 days after the applicable quarter end: May 15 (Q1), August 14 (Q2), and November 14 (Q3).

Interim financial statements are prepared in accordance with IAS 34 Interim Financial Reporting and consist of a condensed statement of financial position, condensed statement of comprehensive income, condensed statement of changes in equity, condensed statement of cash flows, and selected notes. Interim statements are reviewed (not audited) by the external auditor.

Management's discussion and analysis (interim) covers the quarter and year-to-date period and follows the same structure as the annual MD&A in abbreviated form. It explains material variances from the comparative period, updates the risk factor discussion where conditions have changed, and discloses any material changes in the company's business or financial condition that occurred during the quarter.

Direct-hold solution reporting

This section describes NI 51-102 reporting as it applies to the Canada and United States direct-hold solutions, which are structured as limited partnerships. A limited-partnership-form direct-hold solution that has completed a prospectus offering is a distinct reporting issuer with its own obligations under NI 51-102; WCP intends to become a reporting issuer upon effectiveness of its planned prospectus offering. Each LP-form direct-hold solution files its own audited annual financial statements and MD&A as a standalone issuer; where a solution is a non-venture issuer, it also files an annual information form. As a venture issuer, Professional Centres Canada LP is not required to file an AIF. None of these filings are consolidated into WCP's financial statements. The Spain SOCIMI and Mexico FIBRA report to their own jurisdictions' regulators — the CNMV and CNBV respectively — under those regulators' own disclosure regimes, not NI 51-102 or SEDAR+.

WCP applies the investment entity accounting treatment under the IFRS 10.31–33 consolidation exception (IFRS 10.27 sets out the investment-entity definition criteria that qualify an entity for it): its interest in each direct-hold solution is measured at fair value through profit or loss rather than consolidated on a line-by-line basis into WCP's statements. The fair value of WCP's interest in each solution is disclosed in WCP's own financial statements in accordance with IFRS 12.19A–G, which requires disclosure of the financial information of unconsolidated investment entity investees.

Each direct-hold solution therefore maintains two disclosure streams: its own standalone filings under its own jurisdiction's regime, and a fair-value line in WCP's statements as an investee of an investment entity. For the LP-form vehicles, T5013 partnership information slips are issued to limited partnership unitholders for the applicable fiscal year.

SEDAR+ filing and accessibility

All annual and interim financial documents are filed electronically through SEDAR+ and become publicly accessible upon filing.2 Documents are provided in a searchable electronic format per the requirements of CSA National Policy 11-201.

Financial filings

No financial statements have been filed yet. This section will list each period's audited statements, MD&A, and filing date, with a direct SEDAR+ link, once filings begin.

See also

  1. National Instrument 51-102 Continuous Disclosure Obligations, Canadian Securities Administrators. https://www.osc.ca/en/securities-law/instruments-rules-policies/5/51-102 ↩

  2. CSA National Policy 11-201, Delivery of Documents by Electronic Means, Canadian Securities Administrators. ↩

Important Information

Important Information

Securities offering. Woodfine Capital Projects Inc. ("Woodfine") sponsors real-property direct-hold solutions. Interests in those solutions are offered only to investors who qualify under an applicable prospectus exemption — including the accredited-investor exemption under National Instrument 45-106 — Prospectus Exemptions, and equivalent exemptions in other applicable jurisdictions. Content on this wiki is provided for general informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any offering is made exclusively by means of the applicable Private Placement Memorandum, which prospective investors should review, together with their own professional advisors, before investing.

Scope. This wiki describes Woodfine's research methodology, geographic data platform, and related activities at a high level and is qualified in its entirety by the applicable Private Placement Memorandum and the governing documents of the relevant issuer.

Risk. Investment in real-property direct-hold solutions involves significant risk, including possible loss of capital. Past performance is not indicative of future results. References to structural features such as advisory fees, transferability, and net asset value methodology describe the contractual terms of the direct-hold solutions and are not representations as to investment outcomes or returns.

Forward-looking statements. Statements that are not historical facts may constitute forward-looking information within the meaning of applicable Canadian securities laws. Such statements are subject to known and unknown risks, uncertainties and assumptions, and actual results may differ materially. Woodfine undertakes no obligation to update such statements except as required by law.

Registration. Registrable activities of Woodfine and its affiliates are conducted, where required, under the applicable registration categories prescribed by the British Columbia Securities Commission and other Canadian securities regulators. Specific registration details are available on request.

Jurisdiction. Woodfine Capital Projects Inc. is organized in British Columbia, Canada. References to the Sovereign Data Foundation on this wiki describe a planned or intended initiative only, not a current equity holder or active governance body.

Trademarks. The full trademark notice appears in the footer of every page on this site.

Content licence. The text of this wiki is licensed under Creative Commons Attribution-NoDerivatives 4.0 International (CC BY-ND 4.0). Readers may quote this content verbatim, with attribution to Woodfine Capital Projects Inc. Readers may not alter, transform, or redistribute a modified version of this content.

Changes to this notice. Woodfine may update this notice from time to time; the version posted on this page governs.

Not a filing system. This wiki is not a securities filing system, an electronic disclosure repository, or a substitute for SEDAR+ or any other regulatory filing system. Formal securities filings are made through the applicable regulatory filing system, not through this wiki.

Full disclaimer. This notice supplements, and does not replace, the full Disclaimers article. In the event of any conflict, the full Disclaimers article governs.

Read the full disclaimer →