Ontario · Receivership (court-appointed)

Notice and Statement of the Receiver

Notice to creditors · 26 August 2021

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financial positionnote: Expected significant shortfall on secured indebtedness and no funds available for distribution to unsecured creditors per affidavit of Juan De Jesus-Caballero. · page: 1 · as at: 2020-01-31 · basis: Unaudited books and records of the Company; Receiver has not audited, reviewed, or otherwise attempted to verify the accuracy of the foregoing and provides no comment on realizable value · scope: Combined KMG and KMIC (per books and records); figures stated in ($000's of CAD) · currency: CAD · total assets: 86921000
secured creditorsnote: Table stated in ($000's of CAD); amount denominated in USD totaling US$113,786,709.05 at implied CAD/USD FX rate of 1.33 as at February 25, 2020; expected significant shortfall on secured indebtedness per affidavit of Juan De Jesus-Caballero. · page: 3 · as of: 2020-02-25 · amount: 151336000 · debtor: Kew Media Group Inc. and Kew Media International (Canada) Inc. · creditor: Truist Bank, as Administrative Agent for the lending syndicate · currency: CAD · security: Security interest over the Property of the Company
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 122.01 · debtor: Kew Media Group Inc. · creditor: ADT Security Services Canada Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 117.29 · debtor: Kew Media Group Inc. · creditor: Bell Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 92579.99 · debtor: Kew Media Group Inc. · creditor: Bird & Bird LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 1219.48 · debtor: Kew Media Group Inc. · creditor: Broadridge · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 11865 · debtor: Kew Media Group Inc. · creditor: Business Wire Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 2473.34 · debtor: Kew Media Group Inc. · creditor: Center for Social Innovation · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 27967.5 · debtor: Kew Media Group Inc. · creditor: Ceridian Canada Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 11524.11 · debtor: Kew Media Group Inc. · creditor: Cisco Systems Capital Canada Co. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 11865.28 · debtor: Kew Media Group Inc. · creditor: Dentons Canada LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 14125 · debtor: Kew Media Group Inc. · creditor: Evra Media Solutions Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 278092.75 · debtor: Kew Media Group Inc. · creditor: Farber Business Advisory Services · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 1458254.6 · debtor: Kew Media Group Inc. · creditor: Goodmans LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 1553311.63 · debtor: Kew Media Group Inc. · creditor: Grant Thornton LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 7260.26 · debtor: Kew Media Group Inc. · creditor: Heymann Consulting Group Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 47460 · debtor: Kew Media Group Inc. · creditor: Hybrid Financial · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 1898.4 · debtor: Kew Media Group Inc. · creditor: In & Out Technologies Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 259312.81 · debtor: Kew Media Group Inc. · creditor: Industry Media Ltd. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 3152.4 · debtor: Kew Media Group Inc. · creditor: Intralinks Holdings, Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 1695 · debtor: Kew Media Group Inc. · creditor: Jan-Pro Cleaning Systems · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 1333.5 · debtor: Kew Media Group Inc. · creditor: Level 3 Communications · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 61541.43 · debtor: Kew Media Group Inc. · creditor: Longview Communication Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 122.02 · debtor: Kew Media Group Inc. · creditor: Mediant Communication Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 2666.15 · debtor: Kew Media Group Inc. · creditor: Merrill Corporation Canada · currency: CAD
unsecured creditorsnote: Creditor name redacted in source document (row 25) · page: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 2053.3 · debtor: Kew Media Group Inc. · creditor: Redacted · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 3707.39 · debtor: Kew Media Group Inc. · creditor: Oracle America, Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 790010.32 · debtor: Kew Media Group Inc. · creditor: PricewaterhouseCoopers LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 10373.41 · debtor: Kew Media Group Inc. · creditor: PTC Recruiting · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 3955 · debtor: Kew Media Group Inc. · creditor: Q4 Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 152.55 · debtor: Kew Media Group Inc. · creditor: References & More Services Ltd · currency: CAD
unsecured creditorsnote: Individual named as creditor · page: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 2570.53 · debtor: Kew Media Group Inc. · creditor: Scott Borchert · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 357271.97 · debtor: Kew Media Group Inc. · creditor: Sheppard Mullin Richter & Hampton LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 802.38 · debtor: Kew Media Group Inc. · creditor: Shred-it International ULC · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 211904.48 · debtor: Kew Media Group Inc. · creditor: Solebury Trout LLC · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 30965.73 · debtor: Kew Media Group Inc. · creditor: Solium Capital Inc · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 7928.48 · debtor: Kew Media Group Inc. · creditor: Sun Life Assurance Company of Canada · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 410811.28 · debtor: Kew Media Group Inc. · creditor: TD Securities Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 1779.76 · debtor: Kew Media Group Inc. · creditor: Thomson Reuters Canada Limited · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 20624.23 · debtor: Kew Media Group Inc. · creditor: Towers Watson Canada Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 5915.9 · debtor: Kew Media Group Inc. · creditor: TSX Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 6820.78 · debtor: Kew Media Group Inc. · creditor: TSX Trust Company · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 3885.18 · debtor: Kew Media Group Inc. · creditor: ViaVid Broadcasting Corp · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 5506.04 · debtor: Kew Media Group Inc. · creditor: Work Place Options Canada Limited · currency: CAD
unsecured creditorsnote: Creditor name redacted in source document (row 36) · page: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 33156.32 · debtor: Kew Media Group Inc. · creditor: Redacted · currency: CAD
unsecured creditorspage: 5 · as of: 2020-02-23 · basis: Listing of Unsecured Creditors as stated in the books and records of the Company · amount: 17116.68 · debtor: Kew Media Group Inc. · creditor: 2372538 Ontario Inc. · currency: CAD
recovery outcomeentries: basis: estimated · quote: it is expected that the secured lenders will suffer a significant shortfall on the secured indebtedness and that there will be no funds available for distribution to the Company's unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: secured lenders · creditor name: Truist Bank, as Administrative Agent for the lending syndicate · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: it is expected that the secured lenders will suffer a significant shortfall on the secured indebtedness and that there will be no funds available for distribution to the Company's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: the Company's unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2020-02-28 · table missing: