IN
THE CIRCUIT COURT OF COOK COUNTY, ILLINOIS
COUNTY
DEPARTMENT, CHANCERY DIVISION
| IN THE MATTER OF THE POSSESSION | ) | |
| AND CONTROL OF THE COMMISSIONER | ) | |
| OF BANKS AND REAL ESTATE OF | ) | |
| INDEPENDENT TRUST CORPORATION | ) | No. 00 CH 05905 |
| a/k/a INTRUST, an Illinois Corporate Fiduciary | ) |
NOTICE OF HEARING ON ALLOCATION OF CASH TRUST FUND SHORTAGE
TO ALL ACCOUNT HOLDERS AND PARTIES INTERESTED IN THE AFFAIRS OF INDEPENDENT TRUST CORPORATION a/k/a INTRUST ("Independent"):
NOTICE is hereby given that the Court has set a hearing to determine the allocation of the cash trust fund shortage and implementation of such allocation with respect to the trust and fiduciary accounts of Independent for July 28, 2000 at 11 a.m. (CDT) in Room 2301, Richard J. Daley Center, 50 W. Washington, Chicago, Illinois ("Allocation Hearing").
NOTICE is also given that PricewaterhouseCoopers LLP, as Receiver for Independent, is preparing a written recommendation setting forth a proposed allocation of the cash trust fund shortage and implementation of such allocation ("Receiver Recommendation"), and that by June 23, 2000, the Receiver Recommendation will be filed with the Court and will be published on the Independent website at (www.intrust.com) for review by account holders and other interested parties.
NOTICE is also given that a copy of the Receiver Recommendation will be mailed by first class mail to account holders and other interested parties that advise the Receiver in writing that they do not have access to the Independent website and request a copy of the Receiver Recommendation.
NOTICE is also given that at the Allocation Hearing, the Court intends to consider the Receiver Recommendation, hear evidence, and issue a determination regarding the method of allocating the cash trust fund shortage and implementing such allocation among Independent account holders and the trust and fiduciary accounts administered by Independent, and that the Court's determination shall be binding upon all account holders, investment advisors, and all other parties interested in the affairs of Independent, and may affect their rights to assets in such accounts.
NOTICE is also given that the Court has directed that any objections or responses to the Receiver Recommendation and any arguments or positions that any person may want the Court to consider at the Allocation Hearing, must be in writing and must be filed with the Clerk of the Court, and received by the Receiver's general counsel (Kirkland & Ellis, Attn: Jonathan Silverman, 200 E. Randolph Drive, Chicago, IL 60601, fax no. 312/861-2200); on or before 5:00 p.m. (CDT) on July 14, 2000.
Dated: June 14, 2000
| PRICEWATERHOUSECOOPERS LLP, |
| AS RECEIVER FOR INDEPENDENT TRUST |
| CORPORATION |
