TORONTO, Dec. 17, 2012 /CNW/ - Duff & Phelps Canada Restructuring Inc., in its capacity as liquidator of Coventree Inc. (the "Liquidator") today announced that, on December 14, 2012, the Ontario Superior Court of Justice - Commercial List (the "Court") approved, among other things, an interim distribution to shareholders of Coventree Inc. ("Coventree") in the amount of up to $0.58 per share, being the equivalent of up to $8.8 million, net of any applicable withholding taxes, to be made as soon as practicable. A copy of the order issued by the Court approving the interim distribution will be posted on the Liquidator's website at www.duffandphelps.com/restructuringcases.
This second interim distribution will be made as a taxable dividend and Coventree will issue tax forms to its shareholders on that basis.
This press release is intended for distribution in Canada only.
SOURCE: Coventree Inc.
For further information:
Duff & Phelps Canada Restructuring Inc.
Tel: (416) 932-6225