Strategic Finance receivers, seven years in, prepare to wind up with final payment

Sun, 29 Oct 2017

By Jonathan Underhill Oct. 30 (BusinessDesk) - The receivers of Strategic Finance say they'll make one final payment to investors, lifting the total payout to 21 percent, before calling time on the seven-year saga. To date, distributions in the receivership have been 20 cents in the dollar, or $73.5 million, for the 10,000 secured debenture investors who had invested $367.8 million in the failed company. Receivers John Fisk and David Bridgman of PwC said in their 15th report on Strategic and associated entities that their revised estimate...

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