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 Queen'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.
To date, the Court of Queen's Bench of Manitoba has approved three (3) interim distributions (the "Distributions") to shareholders. 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 interim distribution information. The following summarizes the various account categories that shareholders held and the documents which were sent:
At present there are a number of shareholders who have unclaimed funds from one or more of the Distributions. Should shareholders, their advisors, or advisors from a receiving institution have questions regarding the completion of the required documents, please contact Crocus Shareholder Services as follows:
c/o Deloitte Restructuring Inc., Receiver and Manager of Crocus Investment FundP.O. Box 488, STATION MAINWINNIPEG, MANITOBA CANADA R3C 2J6Phone: 204-925-7788 or 1-866-893-8710Fax: 204-946-5992 Email: firstname.lastname@example.org
Should you have specific questions regarding your account or have a change of address, please contact Crocus Shareholder Services at 204-925-7788 or 1-866-893-8710.
The Receiver will make an application to the Court on January 17, 2022 for approval of a Fourth (and Final) Distribution to the Crocus shareholders, the passing of the Receiver's accounts, and the discharge of the Receiver. Receiver's Report No. 19, attached below, details the proposed notice periods and timelines within which the Receiver intends to complete the administration of the Crocus receivership proceedings. Media inquiries should be directed to Caitlin Stidwill, Media Relations Manager, Deloitte at 416-775-7144.
Jan 18, 2022