Portfolio

Currently Held

Advantage Rent A Car

Advantage is the fourth largest car rental company in North America, with 40 airport locations across the United States, in 21 of the top 25 largest airports by passenger traffic.

Callidus Capital Corporation

Callidus Capital Corporation is an asset based lender that specializes in innovative and creative funding solutions for companies that are unable to obtain adequate funding from conventional lending institutions.

Gateway

Gateway Casinos & Entertainment Limited is one of the largest and most diversified gaming companies in Canada operating 18 gaming properties in Western Canada. In December 2016, OLG (Ontario Lottery and Gaming) announced Gateway as the selected service provider in the North and Southwest Gaming Bundles.

Homburg Invest Inc.

Homburg Invest Inc. is a Canadian-based real estate company with assets in North America and Europe. Homburg filed for CCAA protection in Montreal, Quebec on September 9, 2011. Homburg’s assets comprise commercial, retail, industrial and development properties.

Mobilicity

Mobilicity is a Canadian wireless carrier targeting densely populated Metropolitan areas and owns Advanced Wireless Services spectrum which it acquired at a discount to incumbent wireless providers’ purchase of identical spectrum.

Natural Market Restaurants Corp.

Natural Market Restaurants Corp. (“NMRC”) operates 27 locations throughout Canada and the U.S. that offer combined natural market food retail concepts under the Mrs. Green’s Natural Market and Planet Organic Health banners and food service under the Richtree Natural Market banner. NMRC is focused on creating a unique customer experience focused on high quality service and product offerings.

Sonar Entertainment Inc. (formerly RHI Entertainment, LLC)

Sonar develops, produces, and distributes television content globally and is the world’s leading producer of made for television movies and mini-series. It also owns a media library from which it generates a significant portion of its gross revenue. The company’s customers include a variety of large Canadian and U.S. broadcast and cable networks. Sonar has significant output/distribution agreements with many national networks around the world.

Therapure Biopharma Inc.

Therapure Biopharma Inc. is a Canadian-based biopharmaceutical company committed to the development, manufacture, purification, and packaging of rare and complex biotherapeutics. Therapure operates under two businesses: (i) Contract Development and Manufacturing, and (ii) Proprietary Drug Development (with five lead drug developments candidates).

Fully Realized

Allstream

AT&T Canada Inc. (subsequently known as “Allstream”) provided a full range of integrated communications products focused on medium to large sized Canadian businesses in local and regional markets.

Brushstrokes

Brushstrokes Fine Art is a fine art reproduction company that specializes in developing art replicas of original art in texture and brushstroke. The Company’s art is distributed both direct to consumer and through retail channels via partnerships with leading chains such as IKEA, Sears and Costco.

Cabovisao

Cable Satisfaction International was a Canadian, publicly traded company that owned telecommunications and media assets, including direct 100% ownership of Cabovisao Televisao.

Call-Net Inc.

Call-Net Inc. was a long distance, data and local phone service provider to Canadian small businesses and residential customers via its wholly owned network, primarily through its wholly owned subsidiary Sprint Canada Inc.

Calpine Corporation

Calpine Corporation is an independent wholesale power generation company, engaging in the ownership and operation of natural gas-fired and geothermal power plants in North America. It generates electricity and produces steam from natural gas-fired combustion and renewable geothermal facilities.

Canwest

Canwest is Canada’s largest media company. It has three lines of business: newspapers, conventional television and specialty television.

Countryside Power Income Fund

Countryside Power Income Fund, through its subsidiary, Countryside Canada Power, Inc., owns two district energy systems located in Charlottetown, Prince Edward Island and London, Ontario with approximately 122 megawatt (MW) of thermal and electric generation capacity; two gas-fired cogeneration facilities located in California with approximately 94 MW of electric generation capacity; and a gas-fired cheap cogeneration facility being developed adjacent to the London district energy system with approximately 19 MW of expected electric generation capacity.

Hollinger Inc.

At the time of investment, Hollinger’s publishing assets included the Chicago Sun-Times, a large number of community newspapers in the Chicago area, and a portfolio of news media investments. In addition, Hollinger also owned commercial real estate including its head office building located in Toronto and a number of other revenue-producing Canadian assets.

IMAX

IMAX is a Canadian based company that designs, manufactures and leases projection and sound systems used by the film exhibition industry. The company has a broad and extensive network of more than 295 IMAX theatres in 40 countries.

Quad/Graphics

Quad/Graphics (formerly known as World Color Press, as well as Quebecor World) is the world’s second largest commercial printer. Its customers currently include and/or have included publishers such as Hearst Corporation, PRIMEDIA Inc. and Time Inc. along with retailers such as Kohl’s Corporation, Sears Holdings Corporation, RONA Inc. and Wal-Mart Stores, Inc.

Royal Group Technologies Limited

Royal Group Technologies Limited is a vertically integrated manufacturer of technologically advanced, polymer-based home improvement, consumer and construction products.

Snowbear

Snowbear was the largest Canadian manufacturer of utility trailers and snowplows whose major customers include The Home Depot, Inc. (Canada and the U.S.), Lowe’s Companies Inc., Costco Wholesale Corporation (Canada and the U.S.), Sam’s West Inc., Wal-Mart Stores, Inc., Canadian Tire Corp, Ltd. and RONA Inc.

SR Telecom & Co.

SR Telecom was a Canadian based public telecommunications equipment manufacturer listed on the Toronto Stock Exchange. The company provided fixed wireless solutions for voice, data and internet access applications to telecommunications service providers.

Stelco Inc.

Stelco was a large, diversified Canadian steel producer and included products such as hot rolled, cold rolled, coated sheet and bars.

YRC Worldwide Inc.

YRC is the largest Less Than Truckload (“LTL”) transportation company in North America which grew through a series of acquisitions both within Canada and the U.S. YRC has a strong portfolio of market leading brands in Canada (YRC Reimer) and the U.S. (YRC, New Penn, Holland, Reddaway and YRC Glen Moore). YRC is composed of three primary business units: National Transportation, Regional Transportation and Truckload.