The Ravelston Corporation Limited - July 27, 2007

IN THE MATTER OF  the Pension Benefits Act, R.S.O. 1990, c. P.8, as amended (the “PBA”);

 

 

AND IN THE MATTER of a Proposal of the Superintendent of Financial Services to make an Order under section 69 of the PBA, respecting the Pension Plan for Employees of The Ravelston Corporation Limited,  Registration  Number 219006.

 

TO:

Al Kiel
Partner
Morneau Sobeco Partnership Limited
895 Don Mills Road, Suite 700
One Morneau Sobeco Centre
Toronto  ON  M3C 1W3

Administrator

 

AND TO:

10 Toronto Street Inc.
c/o William E. Aziz
Chief Financial Officer
Hollinger Inc. 
120 Adelaide Street West
Suite 512
Toronto  ON  M5H 1T1

 

AND TO:

Robert Kofman
 RSM Richter Inc.
 200 King Street West
 Suite 1100
 Toronto  ON  M5H 3T4

 

Interim Receiver, Receiver and Manager,
and Monitor for Ravelston Corporation Limited

 


NOTICE OF PROPOSAL

 

 

I PROPOSE TO MAKE AN ORDER under section 69 of the PBA that the Pension Plan for Employees of The Ravelston Corporation Limited (the “Plan”) be wound up effective December 31, 2005. The Administrator must distribute a copy of this Notice of Proposal to all members, former members or other persons having a benefit or entitlement payable from the Plan as at December 31, 2005.

 

 

REASONS FOR THE ORDER:

  1. There was a cessation or suspension of employer contributions to the pension fund.

  2. Such further and other reasons as may come to my attention.

 

 

 

YOU ARE ENTITLED TO A HEARING by the Financial Services Tribunal (the “Tribunal”) pursuant to section 89(6) of the PBA. To request a hearing, you must deliver to the Tribunal a written notice that you require a hearing, within thirty (30) days after this Notice of Proposal is served on you. *

 

YOUR WRITTEN NOTICE must be delivered to:


Financial Services Tribunal
5160 Yonge Street
14th Floor
Toronto, Ontario
M2N 6L9

 

Attention: The Registrar

 

 

FOR FURTHER INFORMATION on a Form for the written notice, please see the Tribunal website at www.fstontario.ca or contact the Registrar of the Tribunal by phone  at 416- 590-7294,  toll free at 1-800-668-0128, ext. 7294, or by fax at 416-226-7750.

IF YOU FAIL TO REQUEST A HEARING WITHIN THIRTY (30) DAYS, I MAY CARRY OUT THE PROPOSAL AS DESCRIBED IN THIS NOTICE.

                       

DATED at Toronto, Ontario, this   27th  day of  July, 2007.                 

 

  

___________________________
K. David Gordon
Deputy Superintendent, Pensions

                                                                                                                              

Copy to:          

Stephanie J. Kalinowski 
Hicks, Morley, Hamilton, Stewart, Storie LLP
Toronto Dominion Tower, 30th floor
Box  371, T-D Centre
Toronto  ON  M5K 1K8

Counsel for 10 Toronto Street Inc.

 

 

Copy to:          

Anthony Devir
Osler, Hoskin, Harcourt  LLP
Box 50, 1 First Canadian Place
Toronto  ON   M5X  1B8

Counsel for Morneau Sobeco Partnership Limited

 

*NOTE - Pursuant to section 112 of the PBA any Notice, Order or other document is sufficiently given, served or delivered if delivered personally or sent by regular mail and any document sent by regular mail shall be deemed to be given, served or delivered on the seventh day after the date of mailing.


 
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