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National Trust
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For more information call us at 1.800.451.3225 |
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Updated as at July 9, 2007:
Pour consulter cette page en français, veuillez
cliquez ici.
Your Committee is pleased to report good progress is being made. As of the date
of this posting, 3,731 of the 4,992 members in the Surplus Sharing Group have
responded to the November 2006 mailing by voting “YES” to the Proposal and
retaining Koskie Minsky LLP. There have only been 7
“NO” votes.
Your Committee thanks you for your positive support and is pleased to confirm
the required number of Authorizations and Retainers has been received and that
the minimum consent thresholds in each province have been met. National Trust
and our lawyers, acting on the Sharing Group's behalf, have executed the formal
Surplus Sharing Agreement.
As such, the process is now underway to obtain approvals from the applicable
courts and regulators for the Surplus Sharing Agreement and the associated
request to withdraw the surplus after the Plan is terminated. The Court will
hear this matter on the certification issue in mid- September 2007, with a
motion to approve the Surplus Sharing Agreement to follow.
Your Committee and Koskie Minsky LLP are doing
everything to ensure this matter is resolved as quickly and efficiently as
possible. However, due to the time taken to achieve the minimum consents
threshold and the expected length of the court and regulatory process, you
should not anticipate surplus distribution will occur before the second half of
2008. We will keep you posted, via website updates, on the progress of these
applications.
Have You Failed to Respond to the November 2006 Mailing?
If you have not yet returned your Authorization and Retainer, it is not too
late to do so. You may be surprised to learn that over 1,200 eligible Surplus
Sharing Group members have not responded. Your Committee recommends that each
eligible member vote "YES" to the Proposal and asks that you return your
Authorization and Retainer form to Koskie Minsky LLP in the envelope provided
as soon as possible. In order for you to receive your share of the surplus,
your current, accurate name and address details must be on record.
Previous Updates
All previous website updates can be found by clicking “Legal Updates” on the
left side of this screen.
Questions and Changes of Address
Please feel free to contact the Koskie Minsky LLP toll-free
telephone hotline (1-800-451-3225) and e-mail address (nationaltrustpension@kmlaw.ca)
with any questions you may have. If you need to update your address, please do so
in writing. Send this information via fax to 416-204-2897 or mail to:
National Trust Pension
c/o Koskie Minsky LLP
20 Queen Street West
Suite 900, Box 52
Toronto, ON, M5H 3R3
Attention: Communications Department Koskie
Minsky LLP will do their best to return your call in a timely
manner.
You may also discuss less technical matters with your Regional Negotiating or
Advisory Committee Member (click here
for a full listing).
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