Quebec · Winding-up (provincial)
Premier rapport du liquidateur à la Cour
Court officer report · 2 December 2005 · French
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
- financial positionnote: Amounts in the source table are in thousands of dollars (75 111 = $75,111,000). Total liabilities not stated. Per-fund breakdown of N-Trust vs. Norbourg-recorded values is given in the report's table. · as at: 2005-07-31 · basis: Actual assets held by custodian N-Trust per the Provisional Administrator's interim report; internal Norbourg financial statements showed 205,226 thousand, a gap of 130,115 thousand; figures are unaudited and not verified per CICA standards · scope: Combined total for all Norbourg and Évolution Funds (Fonds Norbourg 4,928 thousand; Fonds Évolution 70,183 thousand) · currency: CAD · total assets: 75111000
- operational summaryThe Funds are in court-supervised liquidation; the Liquidator is confirming unitholder holdings (about 7,800 confirmations received from roughly 9,400 accounts as of Nov. 28, 2005) and proposes a fund-by-fund distribution by units held at Aug. 25, 2005, with the RÉA fund liquidation delayed to 2006 for tax reasons.
- professional feesnote: No fee amount is stated. The Liquidator proposes retaining 10% of the Funds' value at the date of the first distribution to cover fees and expenses, with any unused portion returned to unitholders in a later distribution. · party: Liquidateur (Ernst & Young Inc.), his counsel, and Court-appointed counsel · currency: CAD
- report date2 December 2005
- report noPremier rapport du Liquidateur à la Cour