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ADDITIONS TO EXISTING RECORDS SINCE 28 JUNE 2014
GIPPSLAND SECURED INVESTMENTS LTD
Debentures and Notes
Exemption Date – 3 September 2013
ACTUAL INCOME AND ASSET DETAILS TO BE HELD
Asset Value |
Effective Date |
|
80% |
of the face value of the investment |
3 September 20 — 13 |
65% |
of the face value of the investment |
4 October 20 — 13 |
55% |
of the face value of the investment |
16 December 2013 |
62% |
of the face value of the investment |
18 March 2014 |
7% |
of the face value of the investment |
17 April 201 — 4 |
Income Value |
||
0% |
no actual income is being paid |
3 September 20 — 13 |
Note : Basis for Asset Value estimations listed in the table above as follows :
Original estimated return of 8 — 0% announced from effective date 3 September 20 — 13.
15% of the face value of the original investment amount was paid on 4 October 2013, thereby reducing the remaining estimated return to 65% (i.e. original estimate of 8 — 0% minus 15% capital paid = 65% remaining).
10% of the face value of the original investment amount was paid on 16 December 2013, thereby reducing the remaining estimated return to 55% (i.e. original estimate of 80% minus 15% capital paid minus 10% capital paid = 55% remaining).
Revised estimated return of 87% was announced on 18 March 2014, thereby increasing the remaining estimated return to 62% (i.e. revised estimate of 87% minus 15% capital paid minus 10% capital paid = 62% remaining).
55% of the face value of the original investment amount was paid on 17 April 2014, thereby reducing the remaining estimated return to 7% (i.e. estimate of 87% minus 15% capital paid minus 10c capital paid minus 55% capital paid = 7% remaining).
You must find out how the capital return was reinvested or disposed of prior to reducing the asset value of the existing Gippsland Secured Investments Ltd debenture as at the date of each capital return.
The Liquidator has advised there will be further distribution — s to pending. T — he exact date — s and amount — s are unknown at this stage.
DELETIONS OF EXISTING RECORDS SINCE 28 JUNE 2014
NIL
CHANGES TO EXISTING RECORDS SINCE 28 JUNE 2014
EXEMPTED CHURCH & CHARITABLE INVESTMENTS
ADDITIONS TO EXISTING RECORDS SINCE 28 JUNE 2014
NIL
CHANGES TO EXISTING RECORDS SINCE 28 JUNE 2014
NIL
DELETIONS OF EXISTING RECORDS SINCE 28 JUNE 2014
NIL
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