Debentures (Tables)

12 Months Ended

Feb. 28, 2026

The following table summarizes the change in the Notes for the fiscal year ended February 28, 2026:


	As at
	February 28, 2026


Balance as at February 28, 2025	$	195.3
Amortization of debt issuance costs	1.2
Balance as at February 28, 2026	$	196.5

The Company’s estimate of the fair value of the Notes as at February 28, 2026 is approximately $241.7 million (February 28, 2025 - $289.5 million).

The following table shows the impact of the changes in fair value of the Prior Debentures for the year ended February 29, 2024:


	February 29, 2024







Income associated with the change in fair value from non-credit components recorded in the consolidated statements of operations of the Prior Debentures	$	2.4

Realized losses associated with the change in fair value from credit components recorded in the consolidated statements of operations on maturity of the Prior Debentures	(6.0)
Realized losses associated with the change in fair value from credit components released from AOCL on maturity of the Prior Debentures	5.9
Total decrease in the fair value of the Prior Debentures	$	2.3