Ontario · CCAA
Fifty-Seventh Report of the Monitor, dated June 14, 2024
Court officer report · 14 June 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 filing6 verified
- cash on handnote: Ending cash of the Land Vehicle (Legacy Lands) per the cash flow actuals summary at Appendix F for the period ended May 31, 2024; not the estate of USSC itself. · as at: 2024-05-31 · amount: 427276 · currency: CAD
- disbursementsnote: Land Vehicle total disbursements for the period June 6, 2023 to May 31, 2024 per the Appendix F cash flow actuals; the table presents it in parentheses as a negative figure. · since: June 6, 2023 · amount: 33243857 · currency: CAD
- operational summaryThe Monitor, as LRO of the Land Vehicle, continues to administer it and facilitate closing of the Amended SPA Transaction and the DGAP Residual Farm Land Transaction. It is seeking court authorization to execute the Amended SPA and an approval and vesting order, and a dispute over Cushman & Wakefield commissions remains to be resolved.
- receipts cumulativenote: Land Vehicle total receipts for the period June 6, 2023 to May 31, 2024 per the Appendix F cash flow actuals; includes $32,361,309 from the sale of Land Vehicle lands. Total taken from the table's Total column. · since: June 6, 2023 · amount: 33901322 · currency: CAD
- report date14 June 2024
- report noFifty-Seventh Report