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On March 31, 2011, Priszm Income Fund, Priszm Canadian Operating Trust, Priszm Inc. and Kit Finance Inc. (collectively, the “Applicants”) sought and obtained an Initial Order (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA”). Although not an Applicant, Priszm Limited Partnership (“Priszm LP”) (together with the Applicants, the “Priszm Entities”) shall enjoy the benefits of the protections and authorizations provided by the Initial Order. Pursuant to the Initial Order, FTI Consulting Canada Inc. (“FTI” or the “Monitor”) has been appointed Monitor. The Initial Order also provides for a stay of proceedings against the Applicant, which stay expires April 29, 2011, unless otherwise ordered by the Court.

Effective Sept 21, 2011, RSM Richter was appointed as Receiver and can be contacted at the following:

Lana Bezner
RSM Richter Inc.
200 King Street West, Suite 1100, Toronto, ON M5H 3T4
Tel: 416.932.6009 Fax: 416.932.6200

Contact FTI

FTI Consulting
TD Waterhouse Tower
79 Wellington Street West
Suite 2010, P.O. Box 104
Toronto, Ontario M5K 1G8

Useful Links

FTI Consulting
Office of the Superintendent of Bankruptcy Canada
Wage Earner Protection Program