Proceedings.

Belmont Dynamic Growth Fund

ActiveFollow
Proceeding
Receivership (court-appointed)section 101 of the Courts of Justice Act
Court
Ontario Superior Court of Justice · Commercial List
File
09-8308-00CL
Industry
Financial services · Investment funds & schemes
Filings held53
Last activity11 Mar 2026
On the record6,300 days
OverviewSummary updated

Belmont Dynamic Growth Fund has been under court-appointed receivership in Ontario since August 6, 2009, when the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) made a receivership order under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is carried on court file 09-8308-00CL. The receivership remains active. The record of this proceeding consists of the appointment itself; no subsequent steps have been entered.

Claims processIf you are owed money

The claims bar date has passed — claims were due by

Per the Claims Procedure Order dated 21 October 2009.

Proceedings AIOpen Proceedings AI⁠
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Open this case in Proceedings AI⁠Save your chats, keep long conversations going, and ask across every case.
Case updates52 dated entries · 1 undated
#Report

The officer filed report no. Eighth Report. The receivership is winding down: the Vontobel and Counterparty Settlements have been implemented, all anticipated distributions from the Segregated Portfolio have been received, and the Receiver seeks final distributions, fee approvals, and discharge pending completion of remaining administrative steps.

Source: Eighth Report of the Receiver

#Report

The officer filed report no. Seventh Report. The Belmont Fund's only assets are Forward Contracts tied to a Segregated Portfolio that is itself in wind-up; the Receiver has received and distributed no funds and is finalizing settlements of the Counterparty Claim and Vontobel Redemption Request before any funds can flow to stakeholders.

Source: Seventh Report of the Receiver

#Report

The officer filed report no. Fifth Report. The Belmont Fund has no direct assets other than forward contracts tied to the Segregated Portfolio, which is itself in wind-up; the Receiver has received no funds and made no distributions, awaiting resolution of the Counterparty Claim and Vontobel Redemption Claim before any funds can flow.

Source: Fifth Report of the Receiver

#Order

The court appointed KPMG Inc. as receiver and manager, on the application of JAMES HAGGERTY HARRIS. Court file 09-8308-00CL.

Source: Appointment Order

#Order

Receivership order placing the fund under court-appointed receivership, made by the Ontario Superior Court of Justice under BIA s. 243 and provincial Judicature Act authority; commenced the proceeding.

Source: Appendices to Fourth Report

Undated filings1 — no date appears on the document · show
—
Claims

Notice of Dispute of Revision or Disallowance — Claims process approved

PDF · Subscribers

Parties

Debtor

Belmont Dynamic Growth Fund

Receiver

KPMG

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice HoyOntario Superior Court of Justice6 orders, Oct 2009 – May 201019 cases on record
Justice MesburOntario Superior Court of Justice3 orders, Aug 2009 – Apr 201234 cases on record
Justice DietrichOntario Superior Court of Justice2 orders, Mar 2026132 cases on record
Justice MorawetzOntario Superior Court of Justice2 orders, Dec 2013141 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverKPMGStikeman Elliott LLP21 Oct 2009Order · 17 May 2010
ApplicantMcCarthy Tétrault LLP31 Jul 2009Application · 31 Jul 2009
DebtorBelmont Dynamic Growth FundMcCarthy Tétrault LLP6 Aug 2009Order · 6 Aug 2009
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredCounterparty (an affiliate of a Schedule I bank under the Bank Act (Canada), unnamed)Pledge of the Canadian Share Portfolio as security for the Fund's obligations under the Forward Contract (forward purchase and sale agreements); Forward Maturity Date August 1, 2016 — No stated dollar balance; obligation is tied to redemption proceeds of a notional number of Underlying Fund shares on maturity, not a fixed amount as of these pages — debtor: Belmont Dynamic Growth Fund—Motion Record

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

RecoveriesAs declared or paid

Unsecured creditors: a distribution. RBC DS a distribution · Vontobel a distribution · Counterparty a distribution.FinalEighth Report of the Receiver · 23 Jan 2026

ClassCreditorClaimsRecoveryBasisSource
Unsecured——Finalper the receiverEighth Report of the Receiver · 23 Jan 2026
EquityRBC DS—Estimatedper the receiverEighth Report of the Receiver · 23 Jan 2026
EquityVontobel—interimconditionalEstimatedper the receiverThird Report of Receiver · 21 Jun 2010
class not placedCounterpartyCounterparty—conditionalEstimatedper the receiverSupplement to Third Report of Receiver · 23 Aug 2010
class not placedVontobelVontobel—interimconditionalEstimatedper the receiverSupplement to Third Report of Receiver · 23 Aug 2010

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

5 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Estate financialsReported figures — never derived
Total assets at filing

As at ·

Cumulative receipts

$6.74M

As at 23 Jan 2026Eighth Report of the Receiver

Cumulative disbursements

As at

Cash on hand

As at

Professional fees

As at

3 more reported figures, and the total the debtor stated at filing

Each one as the filing states it, with its source.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Documents
53 filings
DateDocumentFile
Belmont - Order
  • Counsel Stikeman Elliott LLP
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Endorsement of Justice J. Dietrich
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Eighth Report of the Receiver
  • Operational summary The receivership is winding down: the Vontobel and Counterparty Settlements have been implemented, all anticipated distributions from the Segregated Portfolio have been received, and the Receiver seeks final distributions, fee approvals, and discharge pending completion of remaining administrative steps.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Counterparty Settlement Order
  • Counsel Stikeman Elliott LLP
  • Presiding officer Justice Morawetz
PDF · Subscribers
Distribution Order
  • Counsel Stikeman Elliott LLP
  • Presiding officer Justice Morawetz
PDF · Subscribers
Handwritten Endorsement
  • Counsel Stikeman Elliott LLP
PDF · Subscribers
Seventh Report of the Receiver
  • Operational summary The Belmont Fund's only assets are Forward Contracts tied to a Segregated Portfolio that is itself in wind-up; the Receiver has received and distributed no funds and is finalizing settlements of the Counterparty Claim and Vontobel Redemption Request before any funds can flow to stakeholders.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Sixth Report of the Receiver
  • Operational summary The Receiver reports that funds have not yet begun flowing from the Segregated Portfolio to the Belmont Fund, as it continues working to resolve the Counterparty Claim and the Vontobel Redemption Claim before any distributions can occur.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Fifth Report of the Receiver
  • Operational summary The Belmont Fund has no direct assets other than forward contracts tied to the Segregated Portfolio, which is itself in wind-up; the Receiver has received no funds and made no distributions, awaiting resolution of the Counterparty Claim and Vontobel Redemption Claim before any funds can flow.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Fifth Report of the Receiver - Appendices G to HPDF · Subscribers
Supplement to the Fourth Report of the ReceiverPDF · Subscribers
Appendices to Fourth Report
  • Applicant JAMES HAGGERTY HARRIS
  • Appointee KPMG Inc.
  • Appointee role receiver and manager
  • Court SUPERIOR COURT OF JUSTICE
  • + 4 more extracted facts
PDF · Subscribers
Fourth ReportPDF · Subscribers
Cover letter to Investors with 2010 tax slipsPDF · Subscribers
Responding Motion Record of Daniel NeadPDF · Subscribers
Appendices to Supplement to Third Report of ReceiverPDF · Subscribers
Supplement to Third Report of Receiver
  • Recovery outcome Entries: per estimated; per estimated · Table missing:
PDF · Subscribers
Responding Motion Record of National Bank of Canada (Global) Limited - Part 1PDF · Subscribers
Responding Motion Record of National Bank of Canada (Global) Limited - Part 2PDF · Subscribers
Appendices to Third Report of ReceiverPDF · Subscribers
Third Report of Receiver
  • Recovery outcome Entries: per estimated · Table missing:
PDF · Subscribers
Claims Determination Order
  • Counsel Stikeman Elliott LLP
  • Presiding officer Justice Hoy
PDF · Subscribers
Unofficial Endorsement of Justice Hoy
  • Presiding officer Justice Hoy
PDF · Subscribers
Supplement to Second Report of ReceiverPDF · Subscribers
Appendices to Second Report of ReceiverPDF · Subscribers
Second Report of ReceiverPDF · Subscribers
Cover letter to Investors with 2009 tax slipsPDF · Subscribers
First Reporting Letter to InvestorsPDF · Subscribers
Proof of ClaimPDF · Subscribers
Notice of Revision or DisallowancePDF · Subscribers
Claims Procedure Order
  • Claims bar date 5 December 2009
  • Counsel Stikeman Elliott LLP
  • Order date 21 October 2009
  • Presiding officer Justice Hoy
PDF · Subscribers
Endorsement of Justice Hoy
  • Presiding officer Justice Hoy
PDF · Subscribers
Order
  • Counsel McCarthy Tétrault LLP
  • Presiding officer Justice Hoy
PDF · Subscribers
Unofficial Endorsement of Justice Hoy (Unofficial Typed)
  • Presiding officer Justice Hoy
PDF · Subscribers
Appendices to First Report of ReceiverPDF · Subscribers
Fifth Report of the Receiver - Appendices C to FPDF · Subscribers
First Report of ReceiverPDF · Subscribers
Dissolution Hearing - Brief of AuthoritiesPDF · Subscribers
Dissolution Hearing - Factum of the Applicants
  • Counsel McCarthy Tétrault LLP
PDF · Subscribers
EndorsementPDF · Subscribers
Notice and Statement of the Receiver
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice to RBC Dominion Securities Clients - EnglishPDF · Subscribers
Notice to RBC Dominion Securities Clients - FrenchPDF · Subscribers
Notice to RBC Phillips, Hager & North Investment Counsel Clients - EnglishPDF · Subscribers
Notice to RBC Phillips, Hager & North Investment Counsel Clients - FrenchPDF · Subscribers
Appointment Order
  • Applicant JAMES HAGGERTY HARRIS
  • Appointee KPMG Inc.
  • Appointee role receiver and manager
  • Commencement date 6 August 2009
  • + 5 more extracted facts
PDF · Subscribers
Endorsement of Justice Mesbur
  • Presiding officer Justice Mesbur
PDF · Subscribers
Fifth Report of the Receiver - Appendices A to B
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Instruction Letter for completing the Proof of ClaimPDF · Subscribers
Unofficial Endorsement of Justice Mesbur (Unofficial Typed)
  • Presiding officer Justice Mesbur
PDF · Subscribers
Notice of Application
  • Counsel McCarthy Tétrault LLP
PDF · Subscribers
Motion Record
PDF · Subscribers
Notice of Dispute of Revision or DisallowancePDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Belmont Dynamic Growth Fund” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 5 November 2026, https://proceedings.ca/case/belmont-dynamic-growth-fund

Recently updated

Giftcraft Holdings, Inc., Ripskirt Hawaii, LLC et al.

Ontario · Receivership (court-appointed)

3 Nov 2026

Transport Bruno Harvey inc.

Quebec · Bankruptcy

3 Nov 2026

Sunshine Oilsands Ltd

Alberta · Receivership (court-appointed)

3 Nov 2026

RSG Law Professional Corporation

Ontario · Receivership (court-appointed)

3 Nov 2026

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/belmont-dynamic-growth-fund

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.