Ontario · CCAA
Sixteenth Report of the Monitor
Court officer report · 24 June 2026
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What we verified from this filing10 verified
- cash on handnote: Includes approximately $5.5 million held by the Monitor in trust; excludes $4 million held in trust from the Affiliate Lease Assignment Transaction · as at: 2026-06-12 · amount: 17720000 · currency: CAD · qualifier: approximately
- closing confirmedscope: the Devonshire Real Property · outcome: completed · effective: 2026-06-05 · date basis: stated · approval order date: 2026-05-25
- disbursementsnote: Total Disbursements, actual, per Cash Flow Variance Report for the Reporting Period · since: March 7, 2026 (start of Reporting Period) · amount: 8018000 · currency: CAD
- operational summaryHudson's Bay Canada has completed the wind-down of virtually all store operations and employees, retaining only six remaining employees to administer remaining wind-down tasks including the Second KERP, pension surplus matters, the Hardship Programs, and the HBC RCA proceedings.
- professional feesnote: Figures in $000's per Cash Flow Variance Report; budget for same period was $4,849,000 · party: various professionals (actual disbursements per cash flow variance report, incl. Monitor and counsel) · amount: 3861000 · period: March 7 to June 12, 2026 (Reporting Period) · currency: CAD
- purchaserprice: note: aggregate hammer prices across multiple auctions; approx. $9.5 million in gross proceeds distributed to date · basis: cash · sealed: false · currency: CAD · scope: Art Collection · status: closed · name note: purchasers of Art Collection items sold at Heffel auctions, unnamed · structure: auction · name source: recital · relationship: unstated; price: sealed: false · scope: Ottawa Real Property · status: approved · name note: purchaser of the Ottawa Real Property, unnamed · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: the Calgary Real Property, the Vancouver Real Property, and the Devonshire Real Property · status: approved · name note: purchaser of the Calgary Real Property, Vancouver Real Property, and Devonshire Real Property, unnamed · structure: real_property · name source: recital · relationship: unstated
- receipts cumulativenote: Actual receipts for the 14-week Reporting Period ended June 12, 2026, per Cash Flow Variance Report · since: March 7, 2026 (start of Reporting Period) · amount: 8327000 · currency: CAD
- report date24 June 2026
- report noSixteenth Report
- sale advisorHeffel