Perpetual’s Head of Corporate Trust, Matthew Lancaster, says the full repayment of funds for debenture investors in Kiwi Finance is a welcome outcome after many months of negotiations.
“We have worked closely with the directors of Kiwi Finance and the Financial Markets Authority and are pleased this result has been secured for investors.
“The decision of the Greensill family to contribute the $1.2 million enables the repayment of all remaining principal owed to secured debenture investors, plus interest outstanding up until Kiwi Finance went into receivership in April 2008.
“This is an example to other directors of failed finance companies. It is a most welcome outcome and will bring some relief to Kiwi Finance’s debenture investors,” Mr Lancaster said.
Investors in Kiwi Finance will be sent information shortly with full details of the reimbursement process.
Investors with any remaining questions are encouraged to contact Perpetual, on (09) 927 9408.