In a hearing on February 4, 2026, the Court approved the Fund's request for a minor amendment to the Initial CCAA order to facilitate the potential sale of a fund investment. The Court also set the date of February 18, 2026, to hear a motion brought by IAS to compel payment of certain invoices, the validity of which is contested by the Fund and the Monitor.

On November 17, 2025, the Monitor, the Fund and its former administration services provider, The Investment Administration Solution Inc. (IAS), attended a case conference in front of the Honourable Justice Osborne. At the case conference, Justice Osborne directed IAS to provide all information necessary to permit the Fund to make a distribution to its shareholders forthwith. Justice Osborne's endorsement is available on the Monitor's website in the Court Orders and Endorsements section.

On August 29, 2025 IAS delivered an updated Shareholder Register containing shareholder information as of August 28, 2025. This Shareholder Register is being used by the Fund and the Monitor working with an alternate service provider to implement the proposed distribution to shareholders. The Fund is therefore no longer accepting updates in registration details as it prepares to make a cash distribution to Class A Shareholders. The Monitor will post further details to this website once the exact date and amount of the distribution is determined.

On July 10, 2025 the Court dismissed the IAS Motion and awarded costs to the Fund and the Monitor in the total amount of $60,000. A copy of the Court's order endorsement and Dismissal Order is available on the Monitor's website in the Court Orders and Endorsements section. The Court also held that it is appropriate to require that IAS continue to fulfill the requirements of the March 4, 2025 order by bringing the Shareholder Register current, to update it with any information in the fields previously provided that has been received from Shareholders since the Shareholder Register was provided on March 7, 2025. The Court stated that this should be done by IAS in response to a final request from the Monitor when it is ready to set the wheels in motion for the Planned Distribution. The Fund and the Monitor are currently working with the alternate service provider to implement the proposed distribution. The Monitor will post additional updates on its website when the timing of the proposed distribution is finalized.

Subsequent to delivery of the Shareholder Register on March 7, 2025 the Fund and the Transfer Agent reached a settlement on all amounts due by the Fund to the Transfer Agent. On June 1, 2025, The Investment Administration Inc. ("IAS") filed a motion (the "IAS Motion") seeking a declaration that IAS was not the cause of any of the delays with respect to the proposed distribution by the Fund to its Class "A" Shareholders originally planned for December 31, 2024 (the "Planned Distribution") and seeking to compel the Monitor to revise the statements made on its website regarding the Planned Distribution with a new post to be agreed between IAS and the Monitor. On June 9, 2025, IAS filed the affidavit of David Chan in support of its motion. On June 13, 2025 the Fund filed the affidavit of C. Ian Ross, Chairman of the Fund, in response to the motion brought by IAS. These documents are available on the Monitor's website in the Motion Materials section.

As referenced above, on December 18, 2024, the Fund obtained an amended and restated order of the Ontario Superior Court of Justice (the "Court") relating to the proposed wind-up of the Fund, including a possible cash distribution to the Fund's Class A shareholders utilizing the services of the Fund's existing transfer agent, The Investment Administration Solution Inc. (the "Transfer Agent"). Following receipt of that Court order, the Fund and the Transfer Agent were unable to agree on the terms governing the delivery of those services. Accordingly, the Monitor requested that the Transfer Agent deliver the Fund's shareholder register (the "Shareholder Register") to the Monitor. The Transfer Agent did not deliver the Shareholder Register when requested, causing a delay in the proposed distribution process. As set out in the Monitor's 31st Report, the Monitor sought an order of the Court compelling the Transfer Agent to deliver the Shareholder Register. On March 4, 2025, the Court granted the requested order requiring the Transfer Agent to promptly turn over the Shareholder Register to the Monitor. The Shareholder Register was delivered to the Monitor on March 7, 2025, the Shareholder Register delivered on that date contained the information fields requested by the Monitor on February 7, 2025.

On December 18, 2024 GrowthWorks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against GrowthWorks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act up to the CCAA Termination Time and authorizing the making of distributions to Class "A" shareholders and Class "B" shareholders.

On January 19, 2023, GrowthWorks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against GrowthWorks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including the earlier of: (i) December 31, 2024; and (ii) CCAA Termination Time.

On March 30, 2022 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including December 31, 2022.

On June 29, 2021 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including March 31, 2022.

On September 23, 2020 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including June 30, 2021.

On December 18, 2019 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including September 30, 2020.

On March 22, 2019 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including December 31, 2019.

On June 28, 2018 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including March 31, 2019.

On May 25 2018, Growthworks Canadian Fund Ltd. Provided an update on Legal Proceedings Involving its Former Manager and CCAA Proceedings - a copy of this Press Release can be found to the left under "Other Documents & Notices".

On May 18th 2018 the reasons for the Judgment between Growthworks WV Management Ltd and Growthworks Canadian Fund Ltd was filed, a copy of the Reasons for Judgement can be found to the left under "Other Documents & Notices".

On December 18, 2017 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including June 30th 2018.

On June 23, 2017 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including December 31st 2017.

On December 12, 2016 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including June 30, 2017.

On June 15, 2016 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including December 31, 2016.

On December 14, 2015 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including June 30, 2016.

On May 26, 2015 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including December 15, 2015.

On October 21, 2014 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including May 31, 2015.

On May 14, 2014 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including November 30, 2014.

On May 2, 2014 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until May 16, 2014.

On April 8, 2014 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until May 9, 2014.

On March 6, 2014 GrowthWorks Canadian Fund obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until April 10, 2014.

On February 26, 2014, pursuant to a Motion Record of the Applicant Returnable February 28, 2014, Growthworks Canadian Fund Ltd. is seeking to extend the time for the next Annual General Meeting of its shareholders to a date on or before October 31, 2014.

Pursuant to an Order granted by the Court on January 9, 2014, the Court approved a Claims Procedure Order. The Claims Bar Date is: March 6, 2014. The Claims Procedure Order will allow the Fund to solicit and determine all Claims, D&O Claims and D&O Indemnity Claims, except Excluded Claims.

Pursuant to an Order granted by the Court on November 18, 2013, the Court approved a sales and investor solicitation process ("SISP"). Phase II of the SISP commenced on December 20, 2013. In accordance with the terms of SISP, Qualified Bidders are required to deliver a final biding Proposal to CCC by February 3, 2014.

On October 1, 2013, GrowthWorks Canadian Fund Ltd ("the Fund") sought and obtained an Initial Order (the "Initial Order") under the Companies' Creditors Arrangement Act ("the CCAA") from the Ontario Superior Court of Justice . The Applicants sought and were granted the stay of proceedings and other relief provided under the CCAA. Pursuant to the Initial Order, FTI Consulting ("FTI" or the "Monitor") has been appointed Monitor.

Contact FTI

FTI Consulting
TD Waterhouse Tower
79 Wellington Street West
Suite 2010, P.O. Box 104
Toronto, Ontario M5K 1G8

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