Demutualization Funds

March 26, 2015

Eckler Ltd. is in the process of finalizing the calculation of each individual’s respective share of the funds and preparing for final distribution. Cheques should be mailed to claimants in April.

Thursday, December 18, 2014

The court has approved the distribution of the surplus funds to members and the tax clearance certificate has now been received from the Canada Revenue Agency. These two developments mean that the funds should be distributed to members shortly.

 

October 23, 2014

While it has been a lengthy process, the distribution of demutualization
funds to those members that qualify is nearing its end.

Members that qualify for payment were notified of their eligibility in the
Spring of 2014.  The next step was to obtain court approval.

The court heard the motion for distribution brought by the Administrative
Trustees on September 12, 2014.  The court approved the motion for
distribution.  The Administrative Trustees then had to wait for 30 days in
case there were any appeals launched.  There were none.

The funds are now being processed for distribution.  We are hopeful that the
cheques, for those eligible members, will be sent out shortly.

ETFO is pleased that both members and former members who are entitled to a
portion of the demutualization funds will finally be receiving their
rightful proceeds.

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