Bogdon & Gross Furniture Company Ltd.

Bogdon & Gross Furniture Company Ltd. filed a Division I proposal under the Bankruptcy and Insolvency Act on March 4, 2014, in the Ontario Superior Court of Justice at Owen Sound under court file 35-1844150. The proceeding remains active. As reported by the Proposal Trustee as at that date, secured and priority claims included approximately $400,695 owing to the Canada Revenue Agency for source deductions and $73,650 for HST, both deemed trust classes; $580,000 to TCE Capital Corporation under a now-terminated accounts receivable factoring facility; $500,000 to 2110785 Ontario Inc.; $312,000 each to Bruce Community Futures Development Corporation and Saugeen Economic Development Corp.; $128,170 in municipal taxes to the Municipality of Brockton; and $46,842 in Employer Health Tax to the Ministry of Finance. Equipment lessors CNH Capital Leasing, CIT Financial Ltd., RCAP Leasing and MCAP were also reported as secured. Unsecured claims, comprising trade payables and related-party amounts, totalled $2,054,005.