This will include money owed to the company by its directors in the form of directors loan accounts.
As there will be no further gains, beyond what you might achieve in a money market fund, we request that, by Monday June 5, 2017, you login to your Western Pension Plan account at sunlife.ca/western and select another investment for your current LT holdings.
The first cost involved with liquidating a company is the appointment of an Insolvency Practitioner (IP).
The IP must undertake a review of the financial circumstances of the company and produce a Statement of Affairs.
You may reallocate your Liquidating Trust assets through your account online at sunlife.ca/Western, or you may contact the Sun Life Customer Care Centre by calling 1-866-733-8612 any business day between 8 a.m. The Liquidating Trust (LT) is a fund that is held by some members of the Western Pension Plans. Western periodically sells a portion of the securities in the Liquidating Trust to fund members’ redemptions.
The Liquidating Trust holds the restructured notes that were exchanged for the non-bank asset-backed commercial paper (ABCP) held in five Western Funds (Balanced Income, Balanced Growth, Diversified Equity, U. As of the end of 2015, the Fund’s unit value was 1.197, above its initial level of 0 when non-bank ABCP stopped trading.