Prospera claims procedure approved

CALGARY, Oct. 20, 2016 /CNW/ - The Court of Queen's Bench of Alberta has issued an Order approving a claims procedure in the receivership over the assets of Prospera Mortgage Investment Corporation (PMIC), Prosperity Development Group Ltd. (PDGL) and Prospera Management Corp.  

The Court Order imposes strict deadlines for investors to submit claims to the receiver, MNP LTD, in order to have an opportunity to receive a portion of the assets that were frozen by order of the Alberta Securities Commission (ASC).

Investors must submit their Proof of Claim or Investment Loss Declaration forms to the receiver, with supporting documentation, no later than 5:00 p.m. on December 2, 2016.  Investors in PMIC and PDGL can find further information on the receiver's website: http://mnpdebt.ca/prosperity.  

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

SOURCE Alberta Securities Commission

For Media Inquiries: Nicole Tuncay, Senior Advisor, Communications, 403.297.4008; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488