Coventree's Liquidator Announces Court Approval of Second Interim Distribution to Coventree Shareholders

TORONTO, Dec. 17, 2012 /CNW/ - Duff & Phelps Canada Restructuring Inc., in its capacity as liquidator of Coventree Inc. (the "Liquidator") today announced that, on December 14, 2012, the Ontario Superior Court of Justice - Commercial List (the "Court") approved, among other things, an interim distribution to shareholders of Coventree Inc. ("Coventree") in the amount of up to $0.58 per share, being the equivalent of up to $8.8 million, net of any applicable withholding taxes, to be made as soon as practicable.  A copy of the order issued by the Court approving the interim distribution will be posted on the Liquidator's website at www.duffandphelps.com/restructuringcases.

This second interim distribution will be made as a taxable dividend and Coventree will issue tax forms to its shareholders on that basis.

This press release is intended for distribution in Canada only.

SOURCE: Coventree Inc.

Robert Harlang
Managing Director
Duff & Phelps Canada Restructuring Inc.
Tel: [phone]
Email: [email protected]