Nortel Networks Corporation, August 3, 2018
August 3, 2018
The Monitor (EY) has yet to declare a 2nd CCAA distribution although we are hopeful that this will be done soon. Typically the payment would occur one to two months after the distribution is declared. The amount paid is expected to be small, representing approximately 1.5% to 1.8 % of claims. This compares to the 1st distribution in July 2017, which paid a dividend worth approximately 45.49% of claims.