Quebec · CCAA
Forty-Second Report of the Monitor – dated June 9 2026
Court officer report · 9 June 2026
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What we verified from this filing7 verified
- cash on handnote: Comprised primarily of Interest earned (~$11.9 million) plus reserves and remaining Administration Charge · as at: 2026-05-31 · amount: 17300000 · currency: CAD · qualifier: approximately
- closing confirmedscope: substantially all of the assets of MMAC and its U.S. subsidiary Montreal, Maine & Atlantic Railway Ltd. · outcome: completed · purchaser: Central Maine & Québec Railway Canada Inc. · date basis: unstated
- operational summaryThe CCAA proceedings are essentially concluded, with the Monitor now preparing to make final distributions of remaining funds and resolve outstanding interest allocation and tax slip issues before the case closes; related US Chapter 11 litigation against CP has also been dismissed and terminated.
- professional feesnote: Total includes fees/disbursements of $127,890 plus sales taxes of $19,152; fully applied against Administration Charge shortfall and retainer · party: Canadian Professionals (Richter, Woods, Gowling WLG) · amount: 147042 · period: December 1, 2025 to May 31, 2026 · currency: CAD
- purchaserCentral Maine & Québec Railway Canada Inc.
- report date9 June 2026
- report noForty-Second Report of the Monitor