Element Fleet Management Corp. — Regulatory Filings 2021

Mar 3, 2021

Ontario Securities Commission FORM 13-502F1 CLASS 1 and CLASS 3B REPORTING ISSUERS - PARTICIPATION FEE

	MANAGEMENT CERTIFICATION
Vito CulmoneI,			,
an officer of the reporting issuer noted below have examined this Form 13-502F1 (the Form) being submitted hereunder to the Ontario SecuritiesCommission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate.
(s)"Vito Culmone"
Name:Vito Culmone		Date:	March 3, 2021
Title:Chief Financial Officer
Reporting Issuer Name:			Element Fleet Management Corp.
End date of previous financial year:			December 31, 2020
Type of Reporting Issuer:	Class 1 reporting issuer		Class 3B reporting issuer
Highest Trading Marketplace:			Toronto Stock Exchange
(refer to the definition of "highest trading marketplace" under OSC Rule 13-502 Fees )
Market value of listed or quoted securities:(in Canadian Dollars - refer to section 7.1 of OSC Rule 13-502 Fees)
Equity Symbol		EFN
st Specified Trading Period (dd/mm/yy)1(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020	to	31-Mar-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace			8.96 (i)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period			437,682,398 (ii)
Market value of class or series			(i) x (ii) =	$3,921,634,286.08 (A)
nd Specified Trading Period (dd/mm/yy)2(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Apr-2020	to	30-Jun-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace			10.13 (iii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period			437,952,744 (iv)
Market value of class or series			(iii) x (iv) =	$4,436,461,296.72 (B)
rd Specified Trading Period (dd/mm/yy)3(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jul-2020	to	30-Sep-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace			11.08 (v)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period			439,225,075 (vi)
Market value of class or series			(v) x (vi) =	$4,866,613,831.00 (C)

th Specified Trading Period (dd/mm/yy)4
(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020to31-Dec-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	13.38 (vii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	440,275,293 (viii)
Market value of class or series	(vii) x (viii) =	$5,890,883,420.34 (D)
th Specified Trading Period (dd/mm/yy)5(if applicable - refer to the definition of "specified trading period" under OSC
Rule 13-502 Fees )	to
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	(ix)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	(x)
Market value of class or series	(ix) x (x) =	$0.00 (E)
Average Market Value of Class or Series(Calculate the simple average of the market value of the classor series of security for each applicable specified tradingperiod (i.e. A through E above))		$4,778,898,208.54 (1)
Equity Symbol	EFN.PR.A
st Specified Trading Period (dd/mm/yy)1(refer to the definition of "specified trading period" under OSC
Rule 13-502 Fees )	1-Jan-2020to31-Mar-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplaceNumber of securities in the class or series of such	18.61 (i)
security outstanding at the end of the last trading day ofthe specified trading period	4,600,000 (ii)
Market value of class or series	(i) x (ii) =	$85,606,000.00 (A)
nd Specified Trading Period (dd/mm/yy)2(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Apr-2020to30-Jun-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	20.72 (iii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	4,600,000 (iv)
Market value of class or series	(iii) x (iv) =	$95,312,000.00 (B)
rd Specified Trading Period (dd/mm/yy)3(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jul-2020to30-Sep-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	23.5 (v)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	4,600,000 (vi)

th Specified Trading Period (dd/mm/yy)4
(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020to31-Dec-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	24.49 (vii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	4,600,000 (viii)
Market value of class or series	(vii) x (viii) =	$112,654,000.00 (D)
th Specified Trading Period (dd/mm/yy)5(if applicable - refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	to
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	(ix)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	(x)
Market value of class or series	(ix) x (x) =	$0.00 (E)
Average Market Value of Class or Series(Calculate the simple average of the market value of the classor series of security for each applicable specified tradingperiod (i.e. A through E above))		$100,418,000.00 (2)
Equity Symbol	EFN.PR.C
st Specified Trading Period (dd/mm/yy)1(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020to31-Mar-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	17.86 (i)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	5,126,400 (ii)
Market value of class or series	(i) x (ii) =	$91,557,504.00 (A)
nd Specified Trading Period (dd/mm/yy)2(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Apr-2020to30-Jun-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	20.2 (iii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	5,126,400 (iv)
Market value of class or series	(iii) x (iv) =	$103,553,280.00 (B)
rd Specified Trading Period (dd/mm/yy)3(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jul-2020to30-Sep-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	22.8 (v)

	security outstanding at the end of the last trading day ofthe specified trading period	5,126,400 (vi)
	Market value of class or series	(v) x (vi) =	$116,881,920.00 (C)
4	th Specified Trading Period (dd/mm/yy)
	(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020to31-Dec-2020
	Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	24.5 (vii)
	Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of
	the specified trading period	5,126,400 (viii)
	Market value of class or series	(vii) x (viii) =	$125,596,800.00 (D)
5	th Specified Trading Period (dd/mm/yy)(if applicable - refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	to
	Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	(ix)
	Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	(x)
	Market value of class or series	(ix) x (x) =	$0.00 (E)
	Average Market Value of Class or Series(Calculate the simple average of the market value of the classor series of security for each applicable specified tradingperiod (i.e. A through E above))		$109,397,376.00 (3)
	Equity Symbol	EFN.PR.E
1	st Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020to31-Mar-2020
	Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	17.01 (i)
	Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	5,321,900 (ii)
	Market value of class or series	(i) x (ii) =	$90,525,519.00 (A)
2	nd Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Apr-2020to30-Jun-2020
	Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	20 (iii)
	Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	5,321,900 (iv)
	Market value of class or series	(iii) x (iv) =	$106,438,000.00 (B)
3	rd Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jul-2020to30-Sep-2020
	Closing price of the security in the class or series on the last

trading day of the specified trading period in which such

security was listed or quoted on the highest trading marketplace	22.7 (v)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	5,321,900 (vi)
Market value of class or series	(v) x (vi) =	$120,807,130.00 (C)
th Specified Trading Period (dd/mm/yy)4(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020to31-Dec-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	24.42 (vii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	5,321,900 (viii)
Market value of class or series	(vii) x (viii) =	$129,960,798.00 (D)
th Specified Trading Period (dd/mm/yy)5(if applicable - refer to the definition of "specified trading period" under OSCRule 13-502 Fees )Closing price of the security in the class or series on the last	to
trading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	(ix)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	(x)
Market value of class or series	(ix) x (x) =	$0.00 (E)
Average Market Value of Class or Series(Calculate the simple average of the market value of the classor series of security for each applicable specified tradingperiod (i.e. A through E above))		$111,932,861.75 (4)
Equity Symbol	EFN.PR.G
st Specified Trading Period (dd/mm/yy)1(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020to31-Mar-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	18.65 (i)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	6,900,000 (ii)
Market value of class or series	(i) x (ii) =	$128,685,000.00 (A)
nd Specified Trading Period (dd/mm/yy)2(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Apr-2020to30-Jun-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	21.65 (iii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	6,900,000 (iv)
Market value of class or series	(iii) x (iv) =	$149,385,000.00 (B)
rd Specified Trading Period (dd/mm/yy)3(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jul-2020to30-Sep-2020

Closing price of the security in the class or series on the last
trading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	0 (v)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of
the specified trading period	0 (vi)
Market value of class or series	(v) x (vi) =	$0.00 (C)
th Specified Trading Period (dd/mm/yy)4
(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020to31-Dec-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	0 (vii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	0 (viii)
Market value of class or series	(vii) x (viii) =	$0.00 (D)
th Specified Trading Period (dd/mm/yy)5(if applicable - refer to the definition of "specified trading period" under OSC
Rule 13-502 Fees )	to
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	(ix)
Number of securities in the class or series of such
security outstanding at the end of the last trading day ofthe specified trading period	(x)
Market value of class or series	(ix) x (x) =	$0.00 (E)
Average Market Value of Class or Series
(Calculate the simple average of the market value of the classor series of security for each applicable specified tradingperiod (i.e. A through E above))		$139,035,000.00 (5)
Equity Symbol	EFN.PR.I
st Specified Trading Period (dd/mm/yy)1
(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020to31-Mar-2020
Closing price of the security in the class or series on the last
trading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	18.2 (i)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of
the specified trading periodMarket value of class or series	6,000,000 (ii)(i) x (ii) =	$109,200,000.00 (A)
nd Specified Trading Period (dd/mm/yy)
2(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Apr-2020to30-Jun-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	21.41 (iii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of
the specified trading period	6,000,000 (iv)
Market value of class or series	(iii) x (iv) =	$128,460,000.00 (B)

rd Specified Trading Period (dd/mm/yy)3
(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jul-2020to30-Sep-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	24.5 (v)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	6,000,000 (vi)
Market value of class or series	(v) x (vi) =	$147,000,000.00 (C)
th Specified Trading Period (dd/mm/yy)4(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	1-Jan-2020to31-Dec-2020
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace	25.07 (vii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period	6,000,000 (viii)
Market value of class or series	(vii) x (viii) =	$150,420,000.00 (D)
th Specified Trading Period (dd/mm/yy)5
(if applicable - refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	to
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which suchsecurity was listed or quoted on the highest trading marketplace		(ix)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day ofthe specified trading period		(x)
Market value of class or series	(ix) x (x) =	$0.00 (E)
Average Market Value of Class or Series(Calculate the simple average of the market value of the classor series of security for each applicable specified tradingperiod (i.e. A through E above))		$133,770,000.006
Fair value of outstanding debt securities:
(See paragraph 2.8(1)(b), and if applicable, paragraph 2.8(1)(c)of OSC Rule 13-502 Fees )		$663,347,000.00 (7)
(Provide details of how value was determined)
Capitalization for the previous financial year	(1) + (2) + (3) + (4) + (5) + (6) + (7)	$6,036,798,446.29
Participation Fee
(For Class 1 reporting issuers, from Appendix A ofOSC Rule 13-502 Fees , select the participation fee)		$76,425
(For Class 3B reporting issuers, from Appendix A.1 ofOSC Rule 13-502 Fees , select the participation fee)		$0
Late Fee, if applicable		$0.00
(As determined under section 2.7 of OSC Rule 13-502 Fees )
Total Fee Payable		$76,425.00
(Participation Fee plus Late Fee)

2018 - Rule 13-502 Fees (Form 13-502F1)