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ECONOMY

Bridgecorp Limited (In Receivership & Liquidation) update

Thursday 18 August 2011, 10:24AM
By PwC
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The Receivers of Bridgecorp Limited (In Receivership & Liquidation) are pleased to confirm an interim dividend will be paid to secured debenture investors this week.

Bridgecorp Receiver, PwC Partner Colin McCloy says “last month we signalled an interim dividend of between 3 and 3.5 cents in the dollar. We are pleased to announce an interim dividend of 3.5 cents is now being distributed.”

The Receivers remain of the view total recoveries to secured debenture holders will be less than ten cents in the dollar.

Updates on the Bridgecorp Receivership continue to be available on the PwC website www.pwc.co.nz.