Nova Scotia · NOI
Fourth Report of the Proposal Trustee dated October 15, 2026
Court officer report · 15 October 2026
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 filing7 verified
- cash on handnote: Actual closing cash for the 17-week period June 8 to October 2, 2026 per the variance table (forecast closing cash was 106,860). The Third Cash Flow Forecast shows opening cash of 133,710 and a projected closing cash of 791 at December 4, 2026. · as at: 2026-10-02 · amount: 133709 · currency: CAD
- disbursementsnote: Actual operating cash disbursements, excluding restructuring and legal of 177,476; forecast was 114,959. Lower than forecast mainly due to timing of repairs and maintenance, cleaning and waste removal payments. · since: June 8, 2026 (Filing Date) to October 2, 2026 · amount: 78478 · currency: CAD
- operational summaryThe company continues to operate its five multi-unit residential properties through a third-party property manager (PMco) while the trustee runs a court-approved sale process (SISP). Negotiations continue after the stalking horse bidder declined a reverse vesting order structure, and a stay extension to November 30, 2026 is sought.
- professional feesnote: Outstanding AR plus WIP, inclusive of applicable taxes: Proposal Trustee 62,788.35; Proposal Trustee Counsel 26,408.51; Company Counsel 91,096.98. Of the total, AR is 143,092.22 and WIP is 37,201.62. Actual restructuring and legal disbursements to October 2, 2026 were 177,476, which include non-professional items (environmental studies, appraisals). · party: Proposal Trustee, Proposal Trustee's counsel and Company counsel (combined) · amount: 180293.84 · period: outstanding as of October 9, 2026 · currency: CAD
- receipts cumulativenote: Actual cash receipts, primarily rent collections of 129,664, against forecast receipts of 133,499. DIP financing advances of 249,414 are shown separately and are not included in this figure. · since: June 8, 2026 (Filing Date) to October 2, 2026 · amount: 133929 · currency: CAD
- report date15 October 2026
- report noFourth Report