The first official notice re the intended Twelfth KSFUK dividend has just been published in the Gazette and on the KSFUK site. Last date for proving is 22 October 2014. Dividend (of amount not yet announced) to be declared within 2 months of last date for proving.
The Interim Financial Statements for the period 1 January to 30 June 2014 have been published. Furthermore, a Supplementary Material to the Financial Statements has been published and contains updated overview of claims in addition to further analysis on each asset class. Available for download here.
Summaries of cash balances held and the loan book position at 31 Aug are available on the KSFIOM website.
Cash balances decreased by approximately £887,000 during the month. During August 2014, one loan facility was redeemed in part realising approximately £197,000.
A 9th KSFIOM distribution of 2.2p/£ will be paid on 12th September, bringing the total distribution to date to 98.0 p/£.
Note for DCS claimants: For those whose claims are assigned to the DCS and who are now entitled to receive additional payments from the liquidation, the Scheme Manager has announced that he aims to despatch payments no later than 26 Sept. See DCS update here.
Highlights at 9 July 2014
- 95.8p in the £ dividends paid to creditors
- £910.5m of assets recovered
- 92.1% of loan book recovered
- Estimated dividend outcome between 99.0p and 99.6p in the £