Ontario · CCAA
Thirty-First Report of the Monitor, dated September 22, 2025
Court officer report · 22 September 2025
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 filing4 verified
- closing confirmedscope: the Block 6 Real Property · outcome: completed · effective: 2024-04-05 · date basis: stated; scope: the Calgary Property · outcome: completed · effective: 2025-02-14 · date basis: stated · approval order date: 2025-02-04; scope: the 3600 Pitfield Property · outcome: completed · effective: 2025-09-12 · date basis: stated; scope: the Fort Erie Property · outcome: completed · effective: 2025-09-18 · date basis: stated
- process resultslois: 5 · note: As at the date of this Thirty First Report, the Pride Entities have entered into purchase agreements in respect of 5 of these remaining properties, and there are executed letters of intent in respect of an additional 5 remaining properties · as of: 2025-09-22
- purchaserprice: note: satisfied by the purchaser assuming the Daimler Mortgage and payment of a cash purchase price, net of adjustments, of approximately $2.7 million · basis: mixed · amount: 21000000 · sealed: false · scope: the property municipally known as 7265 5 Side Road, Milton, Ontario · status: closed · name note: purchaser of the Block 6 Real Property, unnamed in this report · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: the Calgary Property · status: closed · name note: purchaser of the Calgary Property, unnamed in this report · structure: real_property · name source: recital · relationship: unstated
- sale outcometext: As at the date of this Thirty First Report, the Pride Entities have sold 24 Real Estate Assets with an aggregate gross sale price of approximately CA$84.5 million plus US$81.6 million. · scope: liquidation · status: liquidation_in_progress