Strategic Finance investors get another 1.5 cents in the dollar, receiver says

Mon, 28 May 2012

By Paul McBeth May 29 (BusinessDesk) - Investors in Strategic Finance got paid another 1.5 cents in every dollar they had put into the failed lender this month, and are still facing a best-case scenario of clawing back 26 percent of their principal, according to the latest receiver's report. Some 10,000 investors owed $367.8 million have been paid 8.5 cents in the dollar, or $31.3 million, of their principal, and receivers John Fisk and Colin McCloy of PwC have kept their forecast recovery of between 12 percent and 26 percent in their latest...

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