Golden Credit Card Trust Announces it has Applied to Cease to be a Reporting Issuer in Canada

TORONTO, March 30, 2017 /CNW/ - Golden Credit Card Trust (the "Trust") announced today that it has applied to the Ontario Securities Commission (the "OSC"), as principal regulator, for a decision that it has ceased to be a reporting issuer in all jurisdictions of Canada.

As of today's date, the Trust has twelve series of debt securities ("Notes") outstanding (details of which are provided in Schedule "A"), all of which were offered on a private placement basis to eligible investors, with eleven classes issued primarily in the United States and one class issued primarily in Canada. The Trust no longer has any Notes outstanding that were issued publicly in Canada.

If the requested decision is granted by the OSC, and the conditions in Multilateral Instrument 11-102 – Passport System have been satisfied, the Trust will cease to be a reporting issuer in Ontario and will be deemed to cease to be a reporting issuer in all other jurisdictions of Canada in which it is a reporting issuer (British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, the Northwest Territories, Nunavut and Yukon Territory) and, as a result, will no longer be required to file financial statements and other continuous disclosure documents with any Canadian securities regulatory authority.

SCHEDULE "A"

      1. Credit Card Receivables Backed Senior and Subordinated Notes, Series 2012-4

        U.S.$500,000,000 1.39% credit card receivables backed senior notes, series 2012-4, and CDN$23,795,812 3.80% credit card receivables backed subordinated notes, series 2012-4, each with an expected final payment date of July 17, 2017;

      2. Credit Card Receivables Backed Senior and Subordinated Notes, Series 2012-6

        U.S.$500,000,000 credit card receivables backed senior floating rate notes, series 2012-6, and CDN$23,096,073 3.794% credit card receivables backed subordinated notes, series 2012-6, each with an expected final payment date of September 15, 2017;

      3. Credit Card Receivables Backed Senior and Subordinated Notes, Series 2014-2

        U.S.$550,000,000 credit card receivables backed senior floating rate notes, series 2014-2, and CDN$29,194,634 3.459% credit card receivables backed subordinated notes, series 2014-2, each with an expected final payment date of March 15, 2019;

      4. Credit Card Receivables Backed Series Enhancement Notes

        CDN$151,000,000 2.134% credit card receivables backed series enhancement notes, with an expected final payment date of March 15, 2019;

      5. Credit Card Receivables Backed Class A, Class B and Class C Notes, Series 2015-1

        U.S.$525,000,000 credit card receivables backed class A floating rate notes, series 2015-1, CDN$31,619,599 1.586% credit card receivables backed class B notes, series 2015-1, and CDN$14,053,155 1.836% credit card receivables backed class C notes, series 2015-1, each with an expected final payment date of February 15, 2018;

      6. Credit Card Receivables Backed Class A, Class B and Class C Notes, Series 2015-2

        U.S.$500,000,000 2.02% credit card receivables backed class A notes, series 2015-2, CDN$29,420,856 2.249% credit card receivables backed class B notes, series 2015-2 and CDN$13,075,936 2.499% credit card receivables backed class C notes, series 2015-2, each with an expected final payment date of April 15, 2020;

      7. Credit Card Receivables Backed Class A, Class B and Class C Notes, Series 2015-3

        U.S.$850,000,000 credit card receivables backed class A floating rate notes, series 2015-3, CDN$53,337,273 2.01% credit card receivables backed class B notes, series 2015-3 and CDN$23,705,454 2.36% credit card receivables backed class C notes, series 2015-3, each with an expected final payment date of July 17, 2017;

      8. Credit Card Receivables Backed Class A, Class B and Class C Notes, Series 2016-1

        U.S.$625,000,000 credit card receivables backed class A floating rate notes, series 2016-1, CDN$43,766,711 2.003% credit card receivables backed class B notes, series 2016-1 and CDN$19,451,872 2.403% credit card receivables backed class C notes, series 2016-1, each with an expected final payment date of January 16, 2018;

      9. Credit Card Receivables Backed Class A, Class B and Class C Notes, Series 2016-3

        U.S.$400,000,000 credit card receivables backed class A floating rate notes, series 2016-3, CDN$24,401,069 2.931% credit card receivables backed class B notes, series 2016-3 and CDN$10,844,920 3.631% credit card receivables backed class C notes, series 2016-3, each with an expected final payment date of April 15, 2021;

      10. Credit Card Receivables Backed Class A, Class B and Class C Notes, Series 2016-4

        U.S.$400,000,000 credit card receivables backed class A floating rate notes, series 2016-4, CDN$24,401,069 3.173% credit card receivables backed class B notes, series 2016-4 and CDN$10,844,920 3.873% credit card receivables backed class C notes, series 2016-4, each with an expected final payment date of April 18, 2022; and

      11. Credit Card Receivables Backed Class A, Class B and Class C Notes, Series 2016-5

        U.S.$700,000,000 1.60% credit card receivables backed class A notes, series 2016-5, CDN$44,386,363 2.185% credit card receivables backed class B notes, series 2016-5 and CDN$19,727,273 2.785% credit card receivables backed class C notes, series 2016-5, each with an expected final payment date of September 16, 2019.

      12. Credit Card Receivables Backed Class A, Class B and Class C Notes, Series 2017-1

        U.S.$1,000,000,000 credit card receivables backed class A floating rate notes, series 2017-1, CDN$62,927,808 2.191% credit card receivables backed class B notes, series 2017-1, and CDN$27,967,914 2.691% credit card receivables backed class C notes, Series 2017-1, each with an expected final payment date of February 19, 2019.

SOURCE Golden Credit Card Trust

For further information: Investor Contact: Brendon Buckler, 416-955-7807; Media Contact: Christine Dereza, 416-313-5001

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