Canada Life Assurance Company – 27
July 25, 2011
Over 82% of the members of the Integration Partial Windup Group, have voted in favour of the Settlement Proposal, meeting the required threshold under the Proposal. In addition, in excess of 87% of the Non-Partial Windup Group, measured by liabilities, have voted in favour of the Proposal. In addition, the thresholds for consent for the Indago and Pelican groups have been met.
We are pleased to advise that the Proposal will now proceed to the first step of the implementation phase, which includes 1) a hearing to certify this action as a class proceeding; 2) an “opt out” period; and, 3) a settlement approval hearing. We will be updating this website in the near future to advise affected Plan members of the dates for the next steps in this process.
Members of the Surplus Sharing Group who have not yet voted are encouraged to do so as soon as possible, in order to ensure that they participate in the Proposed Settlement.
Any individuals who wish to confirm that their Decision Form has been received can do so by contacting Koskie Minsky LLP by email to canadalifeclass@kmlaw.ca, or by telephone at 1-800-286-2266.
