On June 28, 2005, Deloitte Restructuring Inc., (formerly Deloitte & Touche Inc.) was appointed Receiver and Manager (the "Receiver") of Crocus Investment Fund ("Crocus") by the Manitoba Court of King's Bench (the "Court") pursuant to an application made by the Manitoba Securities Commission. The intent of the Receiver and Manager is to realize the assets of Crocus for the benefit of the various stakeholders including the Class A shareholders.
The Court has approved three (3) interim distributions and a fourth and final distribution as noted below (collectively the "Distributions"):
Depending on the type of account, shareholders received different types of correspondence relating to the Distributions. All applicable forms were sent by ordinary mail and were customized to include specific shareholder account and distribution information. The following summarizes the various account categories that shareholders held and the documents which were sent:
Nov 24, 2023