Canada Gazette, Part I, Volume 155, Number 50: MISCELLANEOUS NOTICES
December 11, 2021
CIBC MORTGAGE CORPORATION
VOLUNTARY LIQUIDATION AND DISSOLUTION
Notice is hereby given, in accordance with subsection 350(4) of the Trust and Loan Companies Act, S.C. 1991, c. 45, as amended, that on June 1, 2001, the Minister of Finance approved the application of CIBC Mortgage Corporation (“CMC”) for letters patent dissolving CMC in connection with the proposed voluntary liquidation and dissolution of CMC. CMC has distributed its property to its sole shareholder, Canadian Imperial Bank of Commerce (“CIBC”), and intends to request the issuance of letters patent of dissolution to take effect on or after March 4, 2022. CIBC will pay and discharge all remaining obligations of CMC.
Toronto, December 11, 2021
CIBC Mortgage Corporation
Patricia Knight
Senior Counsel
FORESTERS INDEMNITY COMPANY
CERTIFICATE OF CONTINUANCE
Notice is hereby given, pursuant to subsection 39(3) of the Insurance Companies Act, that Foresters Indemnity Company intends to apply to the Minister of Finance, on or after December 27, 2021, for approval to apply for a certificate of continuance as a corporation under the Canada Business Corporations Act.
Any person who objects to the proposed continuance may submit an objection to the Office of the Superintendent of Financial Institutions by email to approvalsandprecedents@osfi-bsif.gc.ca on or before December 27, 2021.
Foresters Indemnity Company
HSBC BANK CANADA
REDUCTION OF STATED CAPITAL
As required under subsection 75(5) of the Bank Act (Canada), notice is hereby given that HSBC Bank Canada (the “Bank”) intends to apply to the Superintendent of Financial Institutions (Canada) for approval to reduce the stated capital of the common shares of the Bank in accordance with a special resolution passed by the sole shareholder of the Bank on December 3, 2021, a copy of which is provided below.
“RESOLVED, AS A SPECIAL RESOLUTION, THAT:
- The stated capital of the Bank be reduced on or before June 30, 2022 by an amount of up to CAD 600,000,000 (the “Authorized Limit”) by reducing the stated capital account maintained by the Bank for its common shares, upon payment to the sole shareholder of the Bank of the amount of the stated capital reduction, subject to:
- (a) Receipt of approval in writing by the Superintendent of Financial Institutions (Canada) required under subsection 75(4) of the Bank Act;
- (b) The Bank’s President and Chief Executive Officer and Chief Financial Officer both being satisfied that the reduction in stated capital of the Bank would not cause the Bank to be in contravention of any regulation referred to in, or direction made pursuant to, section 485 of the Bank Act; and
- (c) Determination of the timing and amount of the reduction of stated capital within the Authorized Limit by the President and Chief Executive Officer of the Bank, who may in her discretion determine that there be no reduction of stated capital; and
- Any director or officer of the Bank be and hereby is authorized and directed, for and on behalf of the Bank, to execute and deliver all such documents and to do such other acts or things that such director or officer determines to be necessary or desirable to give effect to foregoing resolutions, the execution of any such document or the doing of any such other act or thing being conclusive evidence of such determination.”
Vancouver, December 11, 2021
HSBC Bank Canada
SERVICES HYPOTHÉCAIRES CIBC INC.
Voluntary liquidation and dissolution
Notice is hereby given, in accordance with subsection 350(4) of the Trust and Loan Companies Act, S.C. 1991, c. 45, as amended, that on September 1, 2003, the Minister of Finance approved the application of Services Hypothécaires CIBC Inc. (“SHCI”) for letters patent dissolving SHCI in connection with the proposed voluntary liquidation and dissolution of SHCI. SHCI has distributed its property to its sole shareholder, Canadian Imperial Bank of Commerce (“CIBC”) and intends to request the issuance of letters patent of dissolution to take effect on or after January 4, 2022. CIBC will pay and discharge all remaining obligations of SHCI.
Toronto, December 11, 2021
Services Hypothécaires CIBC Inc.
Senior Counsel
Patricia Knight