Limestone Loan Capital Corporation

Proposal

^{Page last updated: July 15, 2026}

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

Status of file as at July 14, 2026

The hearing to approve the Amended Proposal has been rescheduled to 11 am (EST) on July 20, 2026 from 2 pm (EST) on July 20, 2026. There are no changes to the Zoom link to join the hearing.

Status of file as at July 3, 2026

On July 3, 2026, the Proposal Trustee filed its notice of motion with the Court for an order to, among other things, approve the Amended Proposal.

The motion will be heard by the Court on July 20, 2026.

To attend the hearing, creditors may follow the link below:

Join Zoom Meeting 

https://ca01web.zoom.us/j/69815408332?pwd=TP5LIUn6IJENfghkWI1Mvz5cNuea3L.1

Meeting ID: 698 1540 8332

Passcode: 824388

1 855 703 8985 Canada Toll-free

Status of file as at June 18, 2026

On June 18, 2026, the Company filed its Amended Proposal (the “Amended Proposal”) to provide some clarity to the Proposal filed originally on June 9, 2026. The Proposal Trustee continues to recommend that Bondholders vote in favour of the Amended Proposal

A copy of the Amended Proposal is available on the Notices and Proposal page of this website.

Status of file as at June 12, 2026

On June 12, 2026, the Proposal Trustee issued the Claims Package to the Bondholders and other known creditors, consisting of:

• a.   Notice of Proposal to Creditors;
• b.   Report of the Proposal Trustee on the Proposal;
• c.    Proposal;
• d.   Statement of Affairs;
• e.   Instruction Letter;
• f.     Proof of Claim Form;
• g.   Proxy Form;
• h.   Voting Letter; and
• i.     where the creditor is a Bondholder, a Bondholder Statement.

A copy of the Claims Package (without the Bondholder Statement) is available on the Notices and Proposal page of this website.

A general meeting of creditors (the “Bondholders’ Meeting”) will be held virtually on June 25, 2026 at 11 a.m. (EST).

The link to the Bondholders’ Meeting is:

https://event.webcasts.com/starthere.jsp?ei=1759215&tp_key=1426ddde9a

To join the Bondholders’ Meeting and vote on the Proposal, a Bondholder (or a creditor who is not a Bondholder) must submit to the Proposal Trustee at ca_limestoneloancapitalcorporation@pwc.com a Proof of Claim with supporting documentation and, where applicable, a Proxy Form and a Voting Letter.

If you are a Bondholder or a creditor and have not received the Claims Package (and a Bondholder Statement), please contact the Proposal Trustee at ca_limestoneloancapitalcorporation@pwc.com.

Status of file as at June 10, 2026

On June 9, 2025, (the "Filing Date"), Limestone Loan Capital Corporation (“LLCC” or the “Company”) filed a Proposal (“Proposal”) pursuant to Section 50(6) of the Bankruptcy and Insolvency Act (Canada) (“BIA”) and PricewaterhouseCoopers Inc., LIT (“PwC”) was named as the Licensed Insolvency Trustee under the Proposal (the “Proposal Trustee”).

As a result of the filing of the Proposal, all creditors are stayed from commencing or continuing any proceedings against the Company.

The Notice of the Proposal will be issued to all known creditors of the Company with claims of $250 and more in accordance with the provisions of the BIA in the following days and posted on the Notices and Proposal page of this website.