Final Capital Return

  • 10-24-2017

Dear investor

We write to advise that the sale of only remaining security property did not proceed as expected, following a lengthy due diligence process.

The property has been placed with a national real estate agency and will be marketed for sale by expressions of interest.  They advise that there is interest in the property and the market has continued to improve.  It is hoped a sale will be achieved in a timely manner.

As advised, upon its eventual sale, the Board will meet to determine the final capital return to unitholders and advise the approximate date for the winding up of the Fund.

As part of the winding down process, the office has been considerably downsized and is now located at the rear of what had been our office for many years, at 29 Molesworth Street, Lismore.  Office hours will be reduced, effective 1 November, 2017, to Tuesday, Wednesday and Thursday between 10 am and 3 pm.  Subject to office convenience, appointments can be made by phoning the above number.  Investors can request a statement at any time be either calling during office hours or leaving a message on the answering service.

The sale of the last property has been a frustrating process for all concerned.  However, the Board is confident that a sale will soon be achieved and assures investors that it will look to finalise the matter as soon as possible.

Greg Andersen


Email to Friend

Fill in the form below to send this news item to a friend:

Email to Friend
* Your Name:
* Your Email:
* Friend's Name:
* Friend's Email:
* Security Image:
Security Image Generate new
Copy the numbers and letters from the security image
* Message:

Copyright © 2010, Mayne Investments Ltd. Privacy Statement | Terms of UseSite by:   Powered by: PrimeTime