Ontario · CCAA
Fifth Report of the Monitor dated June 19, 2026
Court officer report · 19 June 2026
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What we verified from this filing10 verified
- report date19 June 2026
- report noFifth Report
- cash on handamount: 1900000 · currency: USD
- operational summaryThe Transaction closed on May 27, 2026; the Monitor facilitated a distribution of approximately US$87.1 million to the Administrative Agent from cash proceeds of US$90 million, retained a US$1.9 million Administrative Reserve, and is seeking an extension of the Stay Period to October 30, 2026 to address Potential D&O Claims and complete winddown activities.
- professional feesfees: amount: 832328.25 · currency: CAD · party: Alix · period: 2025-12-01 to 2026-05-20 · disbursements: amount: 7484.58 · currency: CAD; fees: amount: 1825042 · currency: CAD · party: Osler · period: 2025-12-01 to 2026-05-22 · disbursements: amount: 8431.11 · currency: CAD
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: kind: unstated · label: the Period · quote: the Monitor's average hourly rate for the Period was $664.59 · approval: state: unstated · averages: rate: 664.59 · quote: The average hourly rates for Alix and Osler for the referenced billing periods were CAD$664.59 and CAD$1,096.98, respectively. · currency: code: CAD · quote: CAD$664.59 · invoices: · firm text: AlixPartners Restructuring, Inc. · firm quote: Fifth Report of AlixPartners Restructuring, Inc. (formerly operating as KSV Restructuring Inc.), as CCAA Monitor of 2807727 Alberta Ltd. · context quote: as CCAA Monitor of 2807727 Alberta Ltd.; form: report_table · rows: · money: approximate: false · period: end: 2026-05-22 · kind: cumulative · label: the Approval Period · quote: for the period from Decemher 1, 2025 to May 22, 2026, excluding the estimated fee to closing in the amount of $200,000.00 listed in the invoice issned on May 25,2026 (the "Approval Period") · start: 2025-12-01 · approval: state: unstated · averages: rate: 1096.98 · quote: Osler incurred a total of 1,663.60 hours in connection with this matter dr"rring the Approval Period at an average hourly rate of $1,096.98 · currency: code: CAD · quote: CAD$1,096.98 · invoices: · firm text: Osler · firm quote: Attached hereto and rnarked as Bxhibit'oA" are true copies of the accounts (the "Osler Accounts") rendered by Osler to the Monitor for the period from Decemher 1, 2025 to May 22, 2026 · hours total: quote: Osler incurred a total of 1,663.60 hours in connection with this matter dr"rring the Approval Period · value: 1663.6 · context quote: excluding the estimated fee to closing in the amount of $200,000.00 listed in the invoice issned on May 25,2026 (the "Approval Period")
- operational summaryThe going-concern sale (Transaction) of substantially all business and assets of the Original Applicants closed on May 27, 2026; the only remaining Applicant, Residual Co., is not an operating entity and the proceedings are winding down, focused on Directors' Charge/D&O claims and final distribution.
- professional feesnote: Excludes disbursements and HST; disbursements of CAD$7,484.58 also noted separately. Osler's fees for the same general period were CAD$1,825,042.00 plus CAD$8,431.11 disbursements, excluding HST. Amounts not yet approved by the Court. · party: Alix (the Monitor) · amount: 832328.25 · period: December 1, 2025 to May 20, 2026 · currency: CAD
- report date19 June 2026
- report noFifth Report