Following completion of the assignment of leases to Goodstart, NAB has issued a Positive Receivership Notice on the 11 June 2010 which confirms the expiry date of the Fund’s current debt facility as 30 June 2012. This Notice also effectively allows the Fund to resume quarterly income distributions to investors commencing with the distribution for the year ended 30 June 2010.
The Fund is now in a strong financial position with low debt, secure cash flow and acceptable banking arrangements. Read more