Ontario · Receivership (court-appointed)
Supplement to the Sixteenth Report dated May 4, 2023
Court officer report · 4 May 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: In the event that the Court declares that substantive consolidation does not apply to SMA 2, the amount currently available for distribution to the SMA 2 Investors is $15 million, based on adjusted cash on hand in SMA 2 at March 31, 2023 of $100 million less the updated SMA 2 Cash Reserve of $39 million and the prior interim distribution to the SMA 2 Investors of $46 million as described in the table below. · pct of: unstated · outcome: distribution · stated by: receiver · amount low: 15000000 · cumulative: false · amount high: 15000000 · class label: SMA 2 Investors · creditor name: SMA 2 Investors · interim final: interim · conditional on: In the event that the Court declares that substantive consolidation does not apply to SMA 2 · claims qualifier: unstated · stated on: 2023-05-04 · table missing: