TORONTO, March 15, 2022 /CNW/ – A gaggle of unitholders of Bridging Finance Funds (the “Unitholders”) underneath receivership have retained Lerners LLP to symbolize their request for extra readily accessible data and finally an knowledgeable unitholder vote surrounding the choices within the ‘sale and funding solicitation course of’ (SISP) on March 25, 2022.
Whereas the Unitholders acknowledge that the receiver and court docket appointed consultant communicated with unitholders, they’re becoming a member of collectively to make it identified that these efforts have been insufficient to create a physique of knowledgeable unitholders and funding advisors. Moreover, communications between unitholders and funding advisors weren’t enough to interchange clear training or a proper course of to find out the end result.
The group shall be asking the Ontario Superior Courtroom to assist:
- better session and transparency across the choices in addition to provision of data on to all unitholders by the Receiver and Bennett Jones LLP in its capability as court docket appointed consultant counsel for the unitholders; and
- a vote of unitholders to find out which of the choices obtainable to the Receiver with respect to the BFI Funds must be pursued.
We need to hear from you – Calling on unitholders and funding advisors to affix our mailing record
Unitholders and funding advisors are inspired to go to www.BridgingInvestors.ca and add their names to our mailing record to point assist for this effort and share their views. No fee of cash is required by unitholders or funding advisors, and your title and electronic mail tackle is not going to be shared. This effort has been created to assist unitholders and funding advisors talk with a consolidated voice in a fashion that protects their title from being distributed publicly. We’ve got heard from many unitholders and funding advisors that they’re intimidated by the complexity of the authorized course of, confused concerning the choices, and finally reluctant to threat standing alone to voice their issues. This effort is created to permit all who share on this imaginative and prescient to securely elevate their hand and point out their want extra data and an knowledgeable vote. We shouldn’t be afraid to ask for transparency, training, and an knowledgeable unitholder vote. We invite you to affix us and assist unfold the phrase to different impacted traders. An knowledgeable unitholder vote is the one honest final result underneath the circumstances.
Unitholders and Funding Advisors please assist this effort by visiting www.BridgingInvestors.ca.
SOURCE Bridging Buyers
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