June 9, 2020
OSC Obtains Court Order Appointing Grant Thornton Limited as Receiver of Stableview
As a result of an application by the Ontario Securities Commission, the Ontario Superior Court of Justice (Commercial List) made an order today appointing Grant Thornton Limited as receiver and manager without security, of all of the assets, undertakings and properties of Stableview Asset Management Inc., Stableview Yield & Growth Fund, Stableview Progressive Growth Fund, Stableview Insight Fund LP and Stableview Insight Fund GP Inc. (collectively Stableview).
The Ontario Securities Commission sought the appointment of a receiver on the basis that it is in the best interests of Stableview clients, appropriate for the due administration of Ontario securities law and to ensure the orderly management and/or distribution of investors’ funds. In its endorsement, the Ontario Court of Justice (Commercial List) concluded that Grant Thornton Limited should be appointed as receiver and manager on the terms set out in its order dated June 9, 2020.
Clients of Stableview who may have questions concerning the receivership should visit the Grant Thornton Limited website at www.grantthornton.ca/stableview.