Distressed Assets Media Centre
31 March 2010
U.S. Masters Holdings set to commence liquidation
Source: businessspectator.com.au
U.S. Masters Holdings announced on March 31, 2010 that the board of directors have advised the company will cease investment activities and begin liquidation proceedings immediately. Liquidation will begin as soon as possible after the fund's net tangible asset value is determined for March 31, 2010.
The voluntary liquidation is subject to shareholder approval, but the company recommends its shareholders vote in favour of the liquidation. Proceeds of the liquidation remaining after outstanding obligations are paid will be distributed to shareholders of record on March 31, 2010.
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