Manitoba · Receivership (court-appointed)
Receiver's Report 19
Court officer report · 6 January 2022
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What we verified from this filing2 verified
- fee scheduleengagements: form: level_summary · rows: fees: 112500 · rate: 500 · hours: 225 · quote: Partner | 225 | 500 | 112,500 · title: Partner · row kind: level · rate kind: standard · name as stated: Partner; fees: 80000 · rate: 400 · hours: 200 · quote: Senior Manager | 200 | 400 | 80,000 · title: Senior Manager · row kind: level · rate kind: standard · name as stated: Senior Manager; fees: 78750 · rate: 225 · hours: 350 · quote: Senior Associate | 350 | 225 | 78,750 · title: Senior Associate · row kind: level · rate kind: standard · name as stated: Senior Associate; hours: 775 · quote: Subtotal | 775 | | 271,250 · row kind: subtotal · rate kind: standard · name as stated: Subtotal · money: tax: label: GST · quote: GST | | | 13,563 · amount: 13563 · total: quote: Receiver fees and disbursements (inclusive of taxes) | 284,813 | (6) · amount: 284813 · includes tax: true · includes disbursements: true · approximate: true · period: kind: unstated · quote: Estimated Receiver's fees and disbursements (to be incurred subsequent to December 14, 2021): · approval: state: unstated · averages: · currency: · invoices: · firm text: Deloitte Restructuring Inc. · firm quote: Deloitte Restructuring Inc. (formerly Deloitte & Touche Inc., hereafter referred to as ' Deloitte ' or the ' Receiver ') · context quote: appointing Deloitte Restructuring Inc. (formerly Deloitte & Touche Inc., hereafter referred to as ' Deloitte ' or the ' Receiver ') as Receiver and Manager of the Crocus Investment Fund
- recovery outcomeentries: basis: actual · quote: On September 4, 2009, the Court approved a rateable interim distribution (the ' First Distribution ') to Class A and Class I shareholders of approximately $54.7 million which equated to $3.83 per Class A and Class I share. · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: receiver · amount low: 54700000 · cumulative: false · amount high: 54700000 · class label: Class A and Class I shareholders · interim final: interim · currency quote: Canadian dollars · claims qualifier: unstated; basis: actual · quote: On December 12, 2011, after further progress had been made by the Receiver on realizing on the portfolio of investments, the Court issued an Order authorizing the Second Distribution of $9.0 million to the Class A and Class I shareholders. · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: receiver · amount low: 9000000 · cumulative: false · amount high: 9000000 · class label: Class A and Class I shareholders · interim final: interim · currency quote: Canadian dollars · claims qualifier: unstated; basis: actual · quote: In October 2014, the Receiver filed Receiver's Report No. 14 with the Court recommending a third rateable interim distribution (the ' Third Distribution ') to Class A and Class I shareholders of approximately $8.6 million, and on October 22, 2014, the Court approved the Third Distribution. · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: receiver · amount low: 8600000 · cumulative: false · amount high: 8600000 · class label: Class A and Class I shareholders · interim final: interim · currency quote: Canadian dollars · claims qualifier: unstated; basis: unstated · quote: Accordingly, the Receiver is now in a position where it recommends a fourth and final distribution (the ' Final Distribution ') of approximately $5,203,309 which equates to approximately $0.36 per Class A and Class I share. · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: receiver · amount low: 5203309 · cumulative: false · amount high: 5203309 · class label: Class A and Class I shareholders · interim final: final · currency quote: Canadian dollars · claims qualifier: unstated · stated on: 2022-01-06 · table missing: