Investor News
- May 9, 2013 The Board of Directors has determined to make a further capital return of 10% of all account blances for the May, 2013 quarter. It is intended to again make this payment just prior to the end ofthe quarter, on Wednesday 29 may, 2013. Cleared ... Read More »
- March 7, 2013 Dear Investor As foreshadowed in our December 2012 report to investors, the Board of Directors has determined to make a capital return of 10% of all account balances for the February, 2013 quarter. It is intended to againmake this paymen... Read More »
- January 7, 2013 Dear Investor As the year draws to a close, we take the opportunity to give investors an update of recent developments and outline the Board’s strategy for winding the Fund down. For accounting purposes, it remains a wind down until such time... Read More »
- December 10, 2012 As at 30 November 2012, the value of a Fund unit was $0.99. Read More »
- November 16, 2012 The Board of Directors has again determined to make a capital return of 7% of all account balances for the quarter ending 30 November, 2012. This follows a 15% return of capital in the May quarter and 5% in the August quarter. The extent of furthe... Read More »
- August 20, 2012 I refer to our report of 15 June, 2012 wherein we announced the winding down of the Fund and a commitment to make quarterly returns of capital. Accordingly, the Board of Directors has determined to make a capital return of 5% of al... Read More »
- June 18, 2012 15 JUNE 2012 DIRECTORS’ REPORT TO INVESTORS IMPORTANT ANNOUNCEMENT: WIND DOWN OF THE TRUST FUND AND RETURN OF CAPITAL In our report of 14 February 2012 this year, we foreshadowed a 15% return of capital to al... Read More »
- June 5, 2012 Dear Investor As foreshadowed in our February newsletter, the Board has confirmed that a capital return of 15% of all account balances will be made on 31 May, 2012. Cleared funds will be in your nominated bank account the next day. If yo... Read More »
- February 16, 2012 16 February 2012 Directors’ Report To Investors We are pleased to provide this update on the Fund, following on from the Investors’ meeting held on 7 September 2011, and the report to investors dated 21 November, 2011. As previously advised, a fur... Read More »
- November 23, 2011 21 November 2011 Report to Investors As foreshadowed in my last report the Fund is again unable to make a distribution for this quarter due to the continued effect of loan impairments. An impairment is provided when the stress test... Read More »
