Manitoba · Receivership (court-appointed)
Receiver's Report 13
Court officer report · 31 May 2011
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: On September 4, 2009, the Court approved a rateable interim distribution ('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 · class key: equity · stated by: receiver · amount low: 54700000 · cumulative: false · amount high: 54700000 · class label: Class A and Class I shareholders (First Distribution) · interim final: interim · claims qualifier: unstated; basis: actual · quote: Pursuant to the First Distribution Order the Receiver offered to refund the $200 paid by the Manitoba Federation of Labour. · pct of: unstated · outcome: paid_in_full · class key: equity · stated by: receiver · amount low: 200 · amount high: 200 · class label: Class L shares · creditor name: Manitoba Federation of Labour · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Accordingly it is the view of the Receiver that no amount is due for any subsequent distribution. · pct of: unstated · outcome: nil · class key: equity · stated by: receiver · class label: Class L shares · creditor name: Manitoba Federation of Labour · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Prior to Court approval of the First Distribution, the Receiver corresponded with The Province of Manitoba who advised that they had no claim to make to any share of the proposed distribution on account of their Class G Shares. · pct of: unstated · outcome: nil · class key: equity · stated by: receiver · class label: Class G Shares · creditor name: The Province of Manitoba · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver recommends that the sum of $7,859,020 be divided among Class A and Class I shareholders on a rateable basis as is contemplated by The Crocus Investment Fund Act and the Articles of Incorporation in respect of a winding up. · pct of: unstated · outcome: distribution · class key: equity · stated by: receiver · amount low: 7859020 · cumulative: false · amount high: 7859020 · class label: Class A and Class I shareholders (Second Distribution) · interim final: unstated · conditional on: Should the Court approve a Second Distribution · claims qualifier: unstated · stated on: 2011-05-31 · table missing: