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Crocus Investment Fund

On June 28, 2005, Deloitte Restructuring Inc., (formerly Deloitte & Touche Inc.) was appointed Receiver and Manager of Crocus Investment Fund (“Crocus”) by the Manitoba Court of Queen’s Bench 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.


INTERIM DISTRIBUTIONS

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:


Nominee Accounts

  • Distribution funds were sent to the intermediaries of record for your broker/dealer and shareholders received an account statement and letter indicating same. 


Client Name Non-Registered Accounts and Client Name De-Registered Accounts

  • Shareholders received a cheque and an account statement representing their portion of the distribution.


Client Name Registered Account (RIF/RSP)

  • Shareholders were sent an account statement and a letter outlining two options of which only one was to be selected: Direct Transfer Authorization Form (Option A) or Direction to Deregister Form (Option B).


Client Name Locked-In Accounts (LIF/LIRA/LRIF)

  • Shareholders were sent a Direct Transfer Authorization Form.

At present there are a number of shareholders who have unclaimed funds from one or more of the Distributions. Given that it is uncertain whether there will be any future distributions, the Receiver has sent additional correspondence to these shareholders outlining the process for claiming their funds. Failure to complete and return the required documents by FEBRUARY 28, 2017 may result in these funds being paid to the Minister of Finance, following which shareholders will be obligated to prove their entitlement to same.

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:

Crocus Distribution

c/o Deloitte Restructuring Inc., Receiver and Manager of Crocus Investment Fund

P.O. Box 488, STATION MAIN

WINNIPEG, MANITOBA CANADA R3C 2J6

Phone: (204)925-7788 or 1-866-893-8710

Fax: (204)946-5992

Email: info@crocusfund.com

The Receiver is unable to determine when, if any, future distributions may take place.

Should you have specific questions regarding your account or have a change of address, please contact

Shareholder Services at (204)925-7788 or 1-866-893-8710.


The Declaration of Trust governing your RSP/RIF has been updated by Concentra Trust effective March 2017. The updated documents have been made available below for the review of all existing shareholders. 
 
Media inquiries should be directed to Caitlin Stidwill, Media Relations Manager, Deloitte at (416)775-7144.


Documents

The documents hosted on this page may not meet Provincial Accessibility standards. We will respond to any requests for accessible formats regarding public documents and address those requests in a timely and appropriate manner. Please contact us at ashkeene@deloitte.ca.

Court Documents


Declaration of Trust

Receiver's Reports

Quarterly Reports


Last updated Apr 26, 2021

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