Alberta · CCAA
Edgemont - 2024 Annual Report
Court officer report · 31 May 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 filing8 verified
- cash on handnote: Reported in $CAD '000s as ending cash balance · as at: 2024-12-31 · amount: 1053000 · currency: CAD
- disbursementsnote: Total disbursements for the Reporting Period · since: January 1, 2024 · amount: 2449000 · currency: CAD
- operational summaryEdgemont continued to wind down remaining property matters, collecting trailing cost recoveries under the Cost Sharing Agreement, completing remaining construction obligations at the Woodhaven LDP, and making distributions to shareholders, while addressing an identified sanitary pipe repair issue.
- professional feesnote: CCAA professional fees incurred by the Monitor, the Monitor's legal counsel and Edgemont's legal counsel in administering the CCAA · party: Monitor, Monitor's legal counsel and Edgemont's legal counsel · amount: 19000 · period: January 1, 2024 to December 31, 2024 · currency: CAD
- receipts cumulativenote: Total receipts for the Reporting Period (not cumulative since filing/appointment date) · since: January 1, 2024 · amount: 2805000 · currency: CAD
- recovery outcomeentries: basis: actual · quote: In 2021, the Monitor made an aggregate distribution of $3.2 million to Claimants, representing 100% of the value of proven claims filed against Edgemont. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · amount low: 3200000 · cumulative: true · amount high: 3200000 · class label: unsecured creditors with proven claims (Claimants) · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: In 2022 and 2024, distributions of $1.2 million and $2.0 million, respectively were made to equity holders of Edgemont. · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: monitor · amount low: 1200000 · cumulative: false · amount high: 2000000 · class label: equity holders of Edgemont · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: estimated · quote: | Total estimated Class B Share recovery ($/share) | 0.14 | · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: monitor · cumulative: true · class label: equity holders (Class B Share) · interim final: unstated · currency quote: CAD, $000's · claims qualifier: unstated · stated on: 2025-05-31 · table missing:
- report date31 May 2025
- report noEdgemont 2024 Annual Report