Du Val says it's back, investors still in the dark

Owen Culliney says investors will have to wait. (Image: iCLAW)

Tue, 12 Sep 2023

Investors in Du Val Capital Partners, who’ve had their mortgage fund investments frozen and distributions halted since last October, will have to wait until at least next June to recoup any of their money, the company says.Du Val Capital Partners (DVCP) chair Owen Culliney said the mortgage fund has deployed investor funds via loans to Du Val-sponsored developments that have been delayed for a variety of reasons. The next payment of some of the group’s indebtedness to the fund is in June 2024.That reflected the dates for full comple...

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