CEEFC releases Frequently Asked Questions

Canada Enterprise Emergency Funding Corporation (CEEFC) has released a list of Frequently Asked Questions, with responses, that can be found here: https://www.cdev.gc.ca/leeff-faq/

CDEV releases its 2019 Annual Report

CDEV Annual Report 2019  

Applications open for LEEFF

Canada Development Investment Corporation has formed a subsidiary has formed a new subsidiary, Canada Enterprise Emergency Funding Corporation (CEEFC), to administer the Large Employer Emergency Financing Facility (LEEFF). Applications to LEEFF are now open. Information on LEEFF and the application process are available on CEEFC’s LEEFF web page, here: https://www.cdev.gc.ca/home-ceefc/

Large Employer Emergency Financing Facility (LEEFF)

The Government of Canada has mandated CDEV to deliver support to large enterprises through the Large Employer Emergency Financing Facility (LEEFF). The announcement can be found here: https://pm.gc.ca/en/news/news-releases/2020/05/11/prime-minister-announces-additional-support-businesses-help-save. More information on this program will be available here soon. For now, please contact the Department of Finance at 613-369-3710 or fin.financepublic-financepublique.fin@canada.ca.

Divestment of Ridley Terminals Inc. Closes

Canada Development Investment Corporation (CDEV) today announced that the divestment of Ridley Terminals Inc. (RTI) has been completed. Based on an agreement reached in July 2019, Canada has now sold 90 per cent of its shares in RTI to a company owned by Riverstone Holdings and AMCI Group for a purchase price of $350 million. The remaining 10 per cent of Canada’s shares has been transferred to a limited partnership owned by the Lax Kw’alaams Band and the Metlakatla First Nation. CDEV managed the sale process as agent for Canada. Established in 1983, RTI operates on Ridley Island near Prince Rupert, British Columbia, where it transfers bulk commodities from rail cars onto ocean-going vessels. The divestment of RTI is the culmination of a process that started on November 5, 2018,… Read More

Notice of Annual Public Meeting

Canada Development Investment Corporation Notice of Annual Public Meeting   Canada Development Investment Corporation (“CDEV”) will hold its Annual Public Meeting on Wednesday, December 11, 2019, at 9:00 a.m. E.S.T. at the Shaw Centre, 55 Colonel By Drive, Ottawa, Ontario.  Attendee registration is from 8:30 a.m. to 8:55 a.m. Members of the Board of Directors and management of CDEV and its two main subsidiaries, Trans Mountain Corporation and Canada Hibernia Holding Corporation will be present at this meeting, either in person or by video conference. If you wish to listen to the meeting, please contact us at info@cdev.gc.ca to receive details of the call-in information. Questions may be submitted in advance to info@cdev.gc.ca no later than December 4, 2019, and every attempt will be made to answer them during the… Read More

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