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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
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Bridgecorp receivers pay out 3.5c interim dividend


Bridgecorp's secured debenture holders will be paid a 3.5c interim dividend this week.

NBR staff
Thu, 18 Aug 2011

Bridgecorp's (in receivership) secured debenture holders will be paid a 3.5c interim dividend this week.

Receivers PricewaterhouseCoopers have confirmed the payment, after last month flagging a 3-3.5c payment to be made this week. The payment follows the resolution of an Inland Revenue claim.

PwC partner Colin McCloy repeated the view that total recoveries to secured debenture holders will be less than ten cents in the dollar of the total $459 million they are owed.

NBR staff
Thu, 18 Aug 2011
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Bridgecorp receivers pay out 3.5c interim dividend
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