On January 29, 2010, Signature Aluminum Canada Inc. (“Signature” or the “Applicant”) sought and obtained an Initial Order (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA”). Pursuant to the Initial Order, FTI Consulting Canada Inc. (“FTI” or the “Monitor”) has been appointed Monitor. The Initial Order also provides for a stay of proceedings against the Applicant, which stay expires February 26, 2010 , unless otherwise ordered by the Court.
The distribution to Affected Creditors under the Signature Aluminum Canada Inc. Plan of Arrangement was issued on September 17, 2010 to the Affected Creditors that are not individuals.
Pursuant to government regulations, the Monitor has submitted to the government details of amounts to be paid to Affected Creditors that are individual natural persons. The distribution to such Affected Creditors will be issued once the Monitor has been notified of amounts that must be withheld from the distribution, if any, in respect of Employment Insurance claw back.
Further details relating to this case may be accessed using the menu to the left or by contacting:
FTI Consulting 416-649-8074
On April 26, 2010, Morneau Sobeco Limited Partnership (“Morneau Sobeco”) was appointed by the Superintendent of Financial Services as the Administrator of the following Signature Aluminum Canada pension plans (the “Plans”), to wind up the Plans:
Pension Plan for Salaried Employees of Signature Aluminum Canada Inc., and
Pension Plan for the Hourly Paid Employees of Signature Aluminum Canada Inc., Richmond Hill
Members and other beneficiaries of the Plans may contact Morneau Sobeco with questions about the wind up of the Plans as indicated below:
Morneau Sobeco Limited Partnership
895 Don Mills Road, Suite 700
One Morneau Sobeco Centre
Toronto, ON M3C 1W3
Tel: (416) 445-2700 extension 3373
Tel: (416) 445-2700 extension 3370
Members within Canada, but outside of the Greater Toronto Area may also reach us toll free at 1-888-667-6328
|Effective November 2, 2009, FTI Consulting has moved locations to:
TD Waterhouse Tower
79 Wellington Street West
Suite 2010, P.O. Box 104
Toronto, Ontario M5K 1G8