Corporate Notices: Canadian Transit, Foresters, J.P. Morgan

Summary#

This Gazette item bundles three corporate notices published on April 4, 2020. It announces an annual shareholders’ meeting for The Canadian Transit Company on May 1, 2020 at 3 p.m., says Foresters Indemnity Company plans to apply for a continuance on or after March 31, 2020, and reports that J.P. Morgan Canada has begun voluntary liquidation after approval effective August 27, 2001.

What it does#

• The Canadian Transit Company: Calls an annual meeting of shareholders to be held at the offices of The Detroit International Bridge Company (address given) on May 1, 2020 at 3 p.m. The meeting is for electing directors and any other shareholder business.
• Foresters Indemnity Company: Intends to apply to the Superintendent of Financial Institutions (Canada) on or after March 31, 2020 for approval to seek a certificate of continuance so it can continue as a corporation under the Canada Business Corporations Act.
• J.P. Morgan Canada: States that the Secretary of State (International Financial Institutions), on behalf of the Minister of Finance, approved its application for dissolution under the Bank Act effective August 27, 2001, and that the bank has commenced voluntary liquidation.

Who's affected#

• Shareholders of The Canadian Transit Company — they are being asked to attend the meeting and vote on directors.
• Foresters Indemnity Company, its management, and its regulator (Superintendent of Financial Institutions (Canada)). The notice concerns the company’s planned change in corporate status.
• Customers, creditors, employees and other stakeholders of J.P. Morgan Canada may be affected by its voluntary liquidation. The notice does not give details about how clients or accounts are being handled.

Why it matters#

• Annual meetings let shareholders choose directors and influence company direction. Shareholders who care about governance or corporate strategy may want to attend or follow outcomes.
• A continuance application by Foresters Indemnity Company could change which federal rules or regulators oversee the company. That can affect how the company is governed or supervised.
• A voluntary liquidation by J.P. Morgan Canada means the bank is winding up its affairs. That can have practical impacts on customers, creditors and employees, though this notice does not provide operational details about transfers, closures, or protections.