Windup news

The windup process is now underway with the first increased dividend paid in June.

We have been slowly selling off listed equities if they show any weakness. We will get serious on those still held in the first half of 2019 – may as well make profit for shareholders while there is still the opportunity.

Meanwhile, we are about to start on the one by one selling off of unlisted equities and trusts. Eventually we may have to auction some of these off (there are shareholders willing to take part in such a process).

We expect there will be a further increased franked dividend in about September this year to payout remaining Franking Credits (including 2017/18 tax to be paid to the ATO once accounts done). Then we look into the best way to return the remaining capital during 2019.