News

Nathans debentures offered some hope

Sunday 25th of November 2007
The receivers for failed finance company Nathans Finance have told debenture holders they "could recover an initial dividend of between 10 and 15 cents in the dollar during the first quarter of 2008."

Receiver, Colin McCloy, of PricewaterhouseCoopers, said that this initial repayment would be followed by further dividends, but the timing and amount of the subsequent repayments was unable to be...

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