Sears Canada Inc., April 23, 2021

April 23, 2021

We have been advised by the Monitor, FTI Consulting, that as a result of a systems error, ADP issued approximately 2,500 initial Plan Distribution cheques earlier than scheduled. Generally, cheques were issued to Retiree creditors in respect of their Retiree Benefit and/or Lifetime Discount claims.

Retirees who were issued a payment should expect to receive a letter from the Monitor in the coming weeks providing information on how the plan distribution amounts were calculated.

Please ensure you look at the date on your Plan Distribution cheque for guidance on when you can cash or deposit your cheque. For more information, please contact FTI:

FTI Consulting Canada Inc.
Court Appointed Monitor
Hotline: 1-855-649-8113
Phone: 1-416-649-8100
Email: searscanada@fticonsulting.com
Fax: 416-649-8101

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