Ontario · CCAA
Fifth Report of the Monitor .pdf
Court officer report · 3 November 2020
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: Closing bank cash balance at end of the Reporting Period (Aug 1 - Oct 16, 2020); paid to the Agent shortly after under the Distributable Funds mechanism. The Monitor separately holds approximately $1.7 million in trust from private treaty sales, which is not NAFA's cash. · as at: 2020-10-16 · amount: 1025775 · currency: USD
- disbursementsnote: Total disbursements for the Reporting Period only, excluding Tranche A repayment ($1,466,881) and mortgage payments and other costs ($82,914), which are shown separately. · since: 2020-08-01 (Reporting Period August 1 to October 16, 2020) · amount: 1692217 · currency: USD
- operational summaryWith the 2020 auction season over, NAFA is in a 'hibernation' period with significantly reduced operations and staffing, focused on realizing remaining assets (about 813,274 mink pelts for 2021 auctions, loans, real property, litigation, insurance claims) and preparing to vacate the Skyway Property.
- professional feesnote: Reported as the total paid to all professional firms in the Reporting Period; the Monitor's own fees are not separately stated. · party: Various professional service firms (NAFA's counsel in North America and Europe, the Monitor and its counsel, advisors to the Agent and BDC, foreign counsel on Blackglama trademark matters) · amount: 824071 · period: 2020-08-01 to 2020-10-16 · currency: USD
- receipts cumulativenote: Total receipts for the Reporting Period only, not cumulative since the filing date. · since: 2020-08-01 (Reporting Period August 1 to October 16, 2020) · amount: 4098888 · currency: USD
- report date3 November 2020
- report noFifth Report