Introduction and Overview

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.

Deloitte Restructuring Inc was discharged as Receiver of Crocus on September 30, 2023 by the Manitoba Court of Kings Bench.

All unclaimed funds were remitted to the Manitoba Minister of Finance on November 15, 2022.  Shareholders with any unclaimed Distributions can contact the Manitoba Minister of Finance as follows:

Deputy Minister
Manitoba Finance
Room 109 Legislative Building
Winnipeg, MB  R3C 0V8
Phone: 204-945-5343

E-mail: DMFIN@leg.gov.mb.ca

Shareholder Distributions

The Court has approved three (3) interim distributions and a fourth and final distribution as noted below (collectively the "Distributions"):

• First Interim Distribution on September 4, 2009;
• Second Interim Distribution on December 12, 2011;
• Third Interim Distribution on October 14, 2014; and
  
• Fourth (and Final) Distribution on January 17, 2022.

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:

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.
  

In accordance with the Court of King's Bench Order dated January 17, 2022, the period of time in which to claim any entitlement to any of the four (4) Crocus Investment Fund Distributions closed on September 30, 2022. ​

Media inquiries should be directed to Lama Nicolas, Senior Manager, Public Relations, Deloitte Canada at 416-643-2947.