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ABCP Under $1MM Estimated Settlement Amounts
To ABCP Noteholders
We take compound pleasure in reporting to you that the CCAA Restructuring Plan for Canadian Third Party ABCP Noteholders at all levels, be they retail, institutional, corporate or otherwise, has now been successfully implemented in accordance with the CCAA Amended Plan.
With respect to the ‘Under $1MM’ ABCP Retail Noteholders, the Canaccord and Credential Relief Plans are nearing completion and implementation.
Please see the following current estimates for the Canaccord and Credential Under $1 Million ABCP Retail Customers Relief Plan cash settlement amounts.
Canaccord and Credential Under $1 Million ABCP Retail Customers Relief Plan |
| |
Principal |
Accrued Interest |
Restructuring Costs |
Total |
# of Beneficiaries |
Avg. Per Beneficiary |
| |
|
|
|
|
|
|
Canaccord |
$138.3 |
$6.7 |
$0.8 |
$145.8 |
1,435 |
$101,597 |
Credential |
$38.8 |
$1.9 |
$0.2 |
$40.9 |
335 |
$122,095 |
Total |
$177.1 |
$8.5 |
$1.1 |
$186.7 |
1,770 |
$105,476 |
| |
|
|
|
|
|
|
Assumed Rate |
|
3.40% |
0.60% |
|
|
|
Number of Months |
|
17 |
|
|
|
|
Should you have any questions concerning your position, be it specific or general, please contact us at your earliest convenience.
Sincerely,
Juroviesky & Ricci LLP
Henry Juroviesky
Email: HJuroviesky@jruslaw.com
Diane Urquhart
Email: urquhart@rogers.com
If You Are An 'Over $1MM ABCP Retail Noteholder', Please See The
Following:
Important Court Documents
What is Juroviesky & Ricci LLP Doing For You?
Interesting Links
An Invitation to Speak with a Member of the ABCP Legal Team
If you are an 'over $1MM ABCP Retail Noteholder' and you do not currently have and/or are not eligible for a full cash settlement, you are free [or your counsel is free] to contact Henry Juroviesky or Diane Urquhart to discuss the matter further.
Henry Juroviesky
hjuroviesky@jruslaw.com
(416) 481-0718 Ext. 324
Diane Urquhart
urquhart@rogers.com
(905) 822-7618
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