Sage Properties – More Good News

"Reepicheep" on the "CEF Investors" forum recently did a news search and came across two articles pertinent to the properties under Sage's management. "Reepicheep" posted an article here - I'm copying the news articles and posting them here. RVC allocates MSP funds to infrastructure projectsSeptember 8, 2020 Rocky View County (RVC) will break ground on... Continue Reading →

Sage Properties Update Sept 4, 2020

Sage Properties has released a letter the shareholders today, and overall I'm encouraged by what I read. My "layman's summary" follows. First, all the Prince of Peace Harbour and Manor (POP) residents have been well-cared for and it has not experienced any COVID-related deaths. Second, like any other business, Sage has to hold an AGM on... Continue Reading →

CEF: Deloitte Notice to Depositors Apr 1, 2020

The CCAA Monitor website for the Lutheran Ch​urch - Canada,  the Alberta - British Columbia District et. al.​​​​​​​​​ bankruptcy has been updated with the following entry: 8. Notice to CEF depositors re final distribution, dated April 1, 2020 Long story short - The scheduled Apr 22, 2020 court appearance to get approval for the final distribution... Continue Reading →

CEF: Sage Properties Shareholder Newsletter Mar 26, 2020

The following post from the Sage Properties communications page indicates that the Board's is understandably prioritizing the care and protection of the facility's patients and staff. Work on selling the property is still continuing, albeit at a slower pace. March 26, 2020 Dear Shareholder, Sage Properties Corp. (“Sage”) and the Sage Board of Directors (“Board”),... Continue Reading →

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