Attached is summary of balances held at 30 November 2009.
30 November 2009
Attached is the summary of the loan book as at 30 November
Book 30 November 2009
The Administrators of KSFUK have declared a second distribution
of 10%, bringing cumulative distributions to 30%. They have also
indicated their intention to pay a further dividend in April or May
2010, but are unable at this stage to indicate a percentage. They
are also unable at present to indicate the timing or amount of
further distributions, which will be dependent upon asset
Now that we have better information about the performance of the
loan book and the estimated distributions from KSFUK, we have been
able to produce an estimate of future distributions for creditors.
Our current estimate is that ultimate distributions will be between
82.88% and 93.76%, however it should be borne in mind that these
figures are based on estimations of future asset realisations, and
therefore neither the timing or value of future distributions can
be guaranteed. These estimates will be updated periodically when
further information becomes available.
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