Alberta · CCAA
Edgemont 2023 Annual Report
Court officer report · 31 May 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- cash on handnote: Figures in $000's per statement header · as at: 2023-12-31 · amount: 697000 · currency: CAD
- disbursementsnote: Total disbursements for the Reporting Period only · since: January 1, 2023 (Reporting Period start) · amount: 273000 · currency: CAD
- operational summaryEdgemont is winding down remaining construction obligations at the Woodhaven LDP and collecting trailing cost recoveries under a cost-sharing agreement, with proceeds to be distributed to equity holders over the next 2-3 years.
- professional feesnote: Relates to fees incurred by the Monitor, the Monitor's legal counsel and Edgemont's legal counsel in administering the CCAA · party: Monitor, Monitor's legal counsel and Edgemont's legal counsel · amount: 27000 · period: January 1, 2023 to December 31, 2023 · currency: CAD
- receipts cumulativenote: Total receipts for the Reporting Period only, not cumulative since filing/appointment date · since: January 1, 2023 (Reporting Period start) · amount: 212000 · currency: CAD
- recovery outcomeentries: basis: actual · quote: In 2021, the Monitor made an aggregate distribution of $3.2 million to Claimants, representing 100% of the value of proven claims filed against Edgemont. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · amount low: 3200000 · cumulative: true · amount high: 3200000 · class label: unsecured creditors with proven claims (Claimants) · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: In 2022, a distribution of $1.2 million was made to equity holders of Edgemont. · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: monitor · amount low: 1200000 · cumulative: false · amount high: 1200000 · class label: equity holders of Edgemont · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: In March of 2024, a distribution of $2.0 million was made to equity holders of Edgemont based on trailing cost recoveries received. · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: monitor · amount low: 2000000 · cumulative: false · amount high: 2000000 · class label: equity holders of Edgemont · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: estimated · quote: | Total estimated Class B Share recovery ($/share) | 0.16 | · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: monitor · cumulative: true · class label: shareholders (Class B Shares) · interim final: unstated · currency quote: CAD, $000's · claims qualifier: unstated · stated on: 2024-05-31 · table missing:
- report date31 May 2024