Announcement of Composition of Noteholder Committee
TORONTO, Aug. 8, 2012 /CNW/ - Pursuant to the Information Statement
relating to proposed amendments to the transaction documents of Master
Asset Vehicle II, dated July 17, 2012, four individuals have been
nominated to serve as initial members of the Committee.
Initially, the Committee will be comprised of two representatives of
Noteholders that have held Notes since January 21, 2009 and two
representatives of the Group, as described in the Information
The representatives of Noteholders that have held Notes since January
21, 2009 are Ronald Ritter and Paola Farnesi.
The Governors of the University of Alberta have nominated Ronald Ritter,
the Director of Investments and Treasury for the University of
Alberta. The University of Alberta was a member of the Pan-Canadian
Investors Committee for Third-Party Structured Asset-Backed Commercial
Domtar Inc., as Administrator of the Domtar Pension Plans, has nominated
Paola Farnesi, Vice-President and Treasurer of Domtar Corporation.
The representatives of the Group are Scott Hyman and Rodney Dillman.
Scott Hyman is a partner of Davies Ward Phillips Vineberg LLP, and has
extensive experience with Master Asset Vehicle II, including work
representing multiple parties in connection with the original Canadian
third-party structured asset-backed commercial paper restructuring. He
received his LL.B. from Osgoode Hall Law School in 1991, and his LL.M.
(Banking and Financial Services Law) in 1997. In addition to any
compensation received as a Committee member, Davies Ward Phillips
Vineberg LLP is acting as Canadian counsel to the Group, and in such
capacity has and may receive compensation from the Group.
Rodney Dillman is the former president of MassMutual International LLC,
a global mutual life insurance company. He was also the general
counsel of Babson Capital Management LLC, a global investment
management organization, from 2006 through 2008. He received his J.D.
from Duke University School of Law in 1978.
A meeting of Noteholders to vote on the Extraordinary Resolution
described in the Information Statement is scheduled to be held on
August 16, 2012 at 10:00 a.m. (Toronto time). Noteholders who have
questions regarding the Information Statement or the voting process may
contact The Laurel Hill Advisory Group, the Proxy Solicitation Agent.