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Tuesday 24th of February 2009

Canterbury Mortgage Trust has decided to wind up its fund, which is currently frozen, with the aim of returning $251 million owed to 4,500 investors.

It is expecting to make a first payment of 40c in the dollar to investors in April, but full repayment may take three years.

The trust was planning a meeting of investors to decide its future, but has now decided to wind up the fund....

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