Nortel Networks Corporation, June 9, 2017
June 9, 2017
On June 8, 2017, the Monitor declared that the first dividend for Compensation Creditors will be July 6, 2017 and that cheques will be sent to the address on file for those with compensation claims throughout mid-July. To view a copy of the Notice of Initial Distribution please click here.
The first distribution will be 45.49% Canadian for Compensation Creditors. Note amounts received from the Health and Welfare Fund or Hardship Fund will be deducted and any applicable tax withholding will be applied. You will receive a detailed package with your cheque explaining the cheque amount.
Representative Counsel is working with the Monitor to organize roadshows to explain the first dividend cheque and tax implications on various claims. More information will be provided in the near future.
Please ensure your address is up to date before June 30, 2017, as whatever address is on file as of this date will be used to mail your cheque. To advise us of an address change please follow the instructions provided at this link.