ACFI Creditors Support Group
Avondale College Foundation Investors
Why join?
This site is set up by creditors wanting to support each other. As well as providing information, creditors maybe able to act as a unified group.
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NEWS
Why join this group?
Want to find out the lastest news?
As soon as information comes available, we will email you to let you know. This will save numerous individual calls to PPB which costs us all money.
Joining is free for creditors and is provided at no cost to creditors directly or indirectly.
Note:
Have a question you want answered? Post it on the Questions & Answer page and will seek out a response and post an answer.....
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Updates
Seventh Distribution Cheque expected in May 2012
In December last year, PPB had advised that they were hoping to be able to pay a dividend in February 2012. However, they have not raised sufficient funds to pay out a worthwhile dividend in this timeframe.
The redemptions from the various ACFI investments remain slow and as such, anticipated funds have not been received. PPB now predict that they will be in a position to pay a dividend of about 4 cents in the dollar around June 2012.
The total now distributed (not including the coming payment) up to 48.96 cents in the dollar. The approximate dates of past distribution and amount paid in the dollar are:
• 22 December 2008 - 19.96 cents
• 4 August 2009 - 12.58 cents
• 27 January 2010 - 5.23 cents
• 29 July 2010 - 3.19 cents
• 6 January 2011 - 4.32 cents
• August 2011 - 3.68 cents
• June 2012 - coming soon....
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