Nova Scotia · Receivership (court-appointed)
Third Report of the Receiver dated October 16, 2026
Court officer report · 16 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 filing5 verified
- secured creditorsnote: Amount owing not stated. Supports the executed APS for Freemasons Hall. · page: 7 · debtor: Annapolis Management Inc. · creditor: Atlantic Central · currency: CAD · security: Senior secured creditor on Freemasons Hall, 1533 Barrington St., Halifax
- secured creditorsnote: Amount owing not stated. Receiver states LSM will suffer a shortfall on its security if the NFB Transaction closes and holds the only economic interest in the NFB property. · page: 13 · debtor: Annapolis Management Inc. · creditor: League Savings and Mortgage Company (LSM) · currency: CAD · security: Senior secured creditor / first lien security over National Film Board property, 1572 Barrington St., Halifax (valid first lien per independent Security Opinion obtained in the NOI proceedings)
- secured creditorsnote: Amount owing not stated. CRA Holdback for the Halifax Club Transaction released to Assumption Mutual Life on April 13, 2026. Total secured debt across all properties was approximately $35.6 million at the Date of Receivership (July 18, 2025); the document does not state per-creditor amounts. · page: 15 · debtor: Annapolis Management Inc. · creditor: Assumption Mutual Life Insurance Company · currency: CAD · security: Secured creditor on the Halifax Club property (property since sold)
- secured creditorsnote: Amount owing not stated. A 25% CRA Holdback of $487,500 from the Residence Transaction is held pending a CRA Compliance Certificate; the Receiver seeks direction on distributing it to CIBC. · page: 16 · debtor: Annapolis Management Inc. · creditor: CIBC · currency: CAD · security: Senior secured creditor on the Residence property (property since sold in the Residence Transaction)
- unsecured creditorsnote: Receiver describes the amount as unsecured, stayed by the Receivership Order, and subordinate to CIBC as senior secured creditor on the Residence property. CRA says it will not issue a Clearance Certificate for the Residence Transaction until paid. Regulatory/tax claim. · page: 16 · as of: 2026-08-20 · basis: CRA audit assessment of AMI's UHT returns, communicated in CRA response dated August 20, 2026 ("Pre-Filing UHT") · amount: 54403 · debtor: Annapolis Management Inc. · creditor: Canada Revenue Agency (Underused Housing Tax, tax years 2022-2024) · currency: CAD