Investors Get Third Major Allocation of Funds from Portus Bankruptcy



    TORONTO, Feb. 12 /CNW/ - KPMG Inc., acting as the Trustee in Bankruptcy
for the Portus Estate, has begun mailing cheques representing a return of 62
cents on the dollar to some 19,000 investors in the failed hedge fund. This is
the Trustee's third allocation to Portus investors to date. Two previous
allocations have totalled 30 cents on the dollar. With this, the most recent
and largest allocation, Portus investors have recovered 92 cents on the
dollar.
    "Pending resolution of some estate administrative issues, there is also
likely to be a small final allocation as well, though the amount and timing of
this has yet to be determined," added KPMG Inc., Senior Vice President, Robert
Rusko.
    "This is an extremely positive result for investors, especially given the
scope and complexity of the Portus failure and bankruptcy," Rusko said.





For further information:

For further information: Kelly Sheard, CriticalCommunications, (416)
703-2823, (647) 227-2310, kelly@criticalcommunications.ca

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PORTUS

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PORTUS HEDGE FUND

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