Ontario · CCAA
Thirty-Eighth Report of the Monitor, dated March 4, 2026
Court officer report · 4 March 2026
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
- closing confirmedscope: the PGL Going Concern Transaction · outcome: completed · effective: 2024-11-07 · date basis: stated · approval order date: 2024-09-26
- operational summaryThe Pride Entities are in an orderly wind-down under the CCAA, continuing to monetize remaining real estate, reconcile lease and soft collections, advance litigation, and cut costs (including data preservation), with wind-down activities expected to run to mid-2027. The Monitor supports a six-month stay extension to September 30, 2026.
- professional feesnote: These are the '2026 PGL Direct Costs' to be paid from PGL sale proceeds; court approval of the fees themselves is not being sought at this time. Separate additional costs proposed to be paid from the PGL Sale Proceeds Reserve: ~$272,860 (Monitor's counsel security review) and ~$60,625 (Agent Appeal response). · party: Pride Entities' counsel, the Monitor and the Monitor's counsel (PGL direct costs) · amount: 244412 · period: October 1, 2025 to January 31, 2026 · currency: CAD
- purchaserIEX
- recovery outcomeentries: basis: estimated · quote: The Crescentville Secured Indebtedness exceeds the purchase price for the Crescentville Property, resulting in a shortfall to BMO on its direct mortgage indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: BMO (Crescentville mortgagee) · creditor name: BMO · interim final: unstated · related party: false · claims qualifier: unstated · stated on: 2026-03-04 · table missing:
- report date4 March 2026
- report noThirty Eighth Report of the Monitor