TEUCRIUM SUGAR FUND
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(Name of Issuer)
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EXCHANGE TRADED FUND
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(Title of Class of Securities)
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88166A409
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(CUSIP Number)
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January 29, 2016
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(Date of Event Which Requires Filing of this Statement)
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Counsel Portfolio Services Inc.
IRS No.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a)
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☒
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Ontario, Canada
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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157,453 shares of common stock (See Item 5)
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8
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SHARED VOTING POWER
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9
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SOLE DISPOSITIVE POWER
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157,453 shares of common stock (See Item 5)
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10
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SHARED DISPOSITIVE POWER
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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157,453 shares of common stock (See Item 5)
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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28.6278%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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Item 1. | Security and Issuer |
Item 2. | Identity and Background |
(a)
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This Schedule 13D is being filed by the entity Counsel Portfolio Services Inc., a corporation formed under the laws of the province of Ontario, Canada (the “Reporting Person”);
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(b) | The business address for the Reporting Person is 2680 Skymark Avenue, 7th Floor, Mississauga, Ontario A6 L4W 5L6; |
(c) | The principal business of the Reporting Person is an investment management business. |
(d) | During the last five years, neither the Reporting Person nor any of the Listed Persons (as defined below) have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); |
(e) | During the last five years, neither the Reporting Person nor any of the Listed Persons (as defined below) have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws; |
(f) | The Reporting Person is a Canadian corporation. |
Item 3. | Source and Amount of Funds or Other Consideration |
Item 4. | Purpose of Transaction |
(a) | The Reporting Person may acquire or dispose of shares of the Issuer’s stock depending upon prevailing market conditions and its investment objectives; |
(b) | None; |
(c) | None; |
(d) | None; |
(e) | None; |
(f) | None; |
(g) | None; |
(h) | None; |
(i) | None; and |
(j) | None. |
Item 5. | Interest in Securities of the Issuer |
Reporting
Person
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Shares Held
Directly
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Sole Voting
Power
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Shared Voting
Power
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Sole
Dispositive
Power
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Shared
Dispositive
Power
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Beneficial
Ownership
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Percentage
of Class
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Counsel Portfolio Services Inc.
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157,453
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157,453
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0
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157,453
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0
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157,453
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28.6278
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%
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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Item 7. | Material to Be Filed as Exhibits |
Counsel Portfolio Services Inc. |
By:
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/s/ Frank Gawlina | ||
Frank Gawlina, Chief Financial Officer & Chief
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Compliance Officer |
Sam Febbraro
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c/o Counsel Portfolio Services Inc.
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2980 Skymark Avenue
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7th Floor
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Mississauga, Ontario A6 L4W 5L6
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Canada
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Principal Occupation: President and Chief Executive Officer
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Citizenship: Canadian
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Frank Gawlina
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c/o Counsel Portfolio Services Inc.
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2980 Skymark Avenue
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7th Floor
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Mississauga, Ontario A6 L4W 5L6
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Canada
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Principal Occupation: Chief Financial Officer & Chief Compliance Officer
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Citizenship: Canadian
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Corrado Tiralongo
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c/o Counsel Portfolio Services Inc.
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2980 Skymark Avenue
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7th Floor
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Mississauga, Ontario A6 L4W 5L6
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Canada
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Principal Occupation: Chief Investment Officer
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Citizenship: Canadian
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Paul G. Oliver
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c/o Counsel Portfolio Services Inc.
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2980 Skymark Avenue
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7th Floor
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Mississauga, Ontario A6 L4W 5L6
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Canada
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Principal Occupation: Director
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Citizenship: Canadian
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Christopher Reynolds
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c/o Counsel Portfolio Services Inc.
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2980 Skymark Avenue
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7th Floor
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Mississauga, Ontario A6 L4W 5L6
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Canada
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Principal Occupation: Director
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Citizenship: Canadian
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