Ontario · Receivership (court-appointed)
Motion Record Returnable October 15, 2025.pdf
Application / notice of application · 8 October 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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: No claims process was sought in respect of claims against Stableview because the Receiver did not and does not expect that there will be any funds available for distribution to any of Stableview's creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Stableview's creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Claims Procedure has been concluded by the Receiver and all creditor claims have been satisfied in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: receiver · class label: creditor claims (Claims Procedure) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Pursuant to orders of this Court, the Receiver issued cash distributions within these proceedings to the investors of the Progressive Fund in the amount of $12.84 million, and payment in kind distributions of shares in the approximate cash value of $1.94 million. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: receiver · amount low: 12840000 · amount high: 12840000 · class label: Progressive Fund investors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Accordingly, Progressive Fund investors have received recoveries of approximately 90% of their invested capital, Yield Fund investors only received their proportionate share of the OSC Distribution, and Insight Fund investors received no distribution. · pct of: unstated · outcome: distribution · pct low: 90 · pct high: 90 · class key: unsecured · stated by: receiver · class label: Progressive Fund investors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Accordingly, Progressive Fund investors have received recoveries of approximately 90% of their invested capital, Yield Fund investors only received their proportionate share of the OSC Distribution, and Insight Fund investors received no distribution. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Insight Fund investors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: A significant amount of the holdback was not utilized, and, accordingly, the Receiver proposes issuing a final distribution in the approximate amount of $200,000. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: receiver · amount low: 200000 · cumulative: false · amount high: 200000 · class label: Progressive Fund investors · interim final: final · claims qualifier: unstated · table missing: