Ontario · Receivership (court-appointed)
Fifth Report of the Receiver
Court officer report · 11 September 2012
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- cash on handnote: Receiver holds no cash relating to these Belmont Fund receivership proceedings; the Segregated Portfolio separately had a cash balance of approximately US$5.4 million as at July 31, 2012. · amount: 0 · currency: CAD
- financial positionnote: Net assets of $5,655 (000's) as at July 31, 2012; adjusted net assets (if Vontobel not treated as creditor) of $7,918 (000's); Receiver holds no cash relating to these proceedings and the Belmont Fund's own financial position is not separately stated. · as at: 2012-07-31 · basis: Estimated Net Asset Value Statement obtained from Harcourt, not audited or verified by the Receiver · scope: Belmont Dynamic Segregated Portfolio (not the Belmont Fund itself) · currency: USD · total assets: 5655000
- operational summaryThe 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.
- report date11 September 2012
- report noFifth Report