Hubbard investors set for distributions early next year after court ruling

Wed, 05 Dec 2012

Dec. 5 (BusinessDesk) - Investors in Hubbard Management Funds are likely to get their initial distributions in the first three months of next year after the High Court settled on how to split the funds. Justice Lester Chisholm has directed statutory managers Trevor Thornton, Richard Simpson and Graeme McGlinn of Grant Thornton to split HMF into two pools, the first being the principal amount owed to investors, excluding capital gains, interest and dividends that were reported on investor statements. The second pool is the amount available...

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