Unsecured Notes
Exemption Date – 28 May 2007
ACTUAL INCOME AND ASSET DETAILS TO BE HELD
|
Asset Value |
Effective Date |
|
|
60% |
of the face value of the investment |
28 May 2007 |
|
45% |
of the face value of the investment |
3 December 2007 |
|
20% |
of the face value of the investment |
3 July 2008 |
|
19% |
of the face value of the investment |
15 December 2008 |
|
13% |
of the face value of the investment |
9 June 2009 |
|
10.6% |
of the face value of the investment |
12 April 2011 |
|
1% |
of the face value of the investment |
25 September 2013 |
|
Income Value |
||
|
0% |
No actual income is being paid |
28 May 2007 |
Original estimated return of 60% announced from effective date 28 May 2007.
- 15% of the face value of the original investment amount was paid on 3 December 2007 thereby reducing the remaining estimated return to 45% (i.e. last estimate 60% minus 15% capital paid = 45% remaining).
- 25% of the face value of the original investment amount paid on 3 July 2008 thereby reducing the remaining estimated return to 20% (i.e. last estimate 60% minus 15% capital paid minus 25% capital repaid = 20% remaining).
- 1% of the face value of the original investment amount paid on 15 December 2008 thereby reducing the remaining estimated return to 20% (i.e. last estimate 60% minus 15% capital paid minus 25% capital repaid minus 1% capital repaid = 19% remaining).
- 6% of the face value of the original investment amount paid on 9 June 2009 thereby reducing the remaining estimated return to 13% (i.e. last estimate 60% minus 15% capital paid minus 25% capital repaid minus 1% capital repaid minus 6% = 13% remaining).
- 2.4% of the face value of the original investment amount paid on 12 April 2011 thereby reducing the remaining estimated return to 13% (i.e. last estimate 60% minus 15% capital paid minus 25% capital repaid minus 1% capital repaid minus 6% minus 2.4% capital repaid = 10.6% remaining).
Revised remaining estimated return of 1% was announced effective 25 September 2013.
You must find out how the capital return was reinvested or disposed of prior to reducing the asset value of the unsecured note as at the date of each capital return.
The Liquidator has advised there will be one more distribution made, the exact date and amount is unknown at this stage.