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.
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:
The Distributions will remain "open" for shareholders to claim their pro-rata entitlements up to and including September 30, 2022. Any unclaimed distributions thereafter will be paid by the Receiver to the Minister of Finance, subject to the right of any unpaid shareholder to make a claim to the Minister of Finance to recover amounts to which they are entitled.
PLEASE NOTE: FORMS FOR UNCLAIMED DISTRIBUTIONS NOT RECEIVED PRIOR TO SEPTEMBER 30, 2022 CANNOT BE PROCESSED BY THE RECEIVER.
At present there are a number of shareholders who have unclaimed funds from one or more of the Distributions. Should shareholders or their advisors have questions regarding the correspondence sent by the Receiver, please contact Crocus Shareholder Services prior to September 30, 2022 at 204-925-7788 or 1-866-893-8710.
Should shareholders or their advisors wish to send correspondence to the Receiver, please direct all correspondence to:
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: email@example.com
Media inquiries should be directed to Caitlin Stidwill, Media Relations
Manager, Deloitte at 416-775-7144.
Jul 26, 2022