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Comments from the trustee – 26 march 2021

March 31, 2021 balmaintrilogy Uncategorized Comments Off on Comments from the trustee – 26 march 2021
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Previous Post: Unitholder update – 02/12/2020

Latest News: Pacific First Mortgage Fund

Comments from the trustee – 26 march 2021

Unitholder update – 02/12/2020

We understand that the Trustee of Philip Sullivan’s bankrupt estate is continuing his investigations in to the examinable affairs of Mr Sullivan and to form an independent view on whether any recoveries can be made for the benefit of the bankrupt estate and its creditors, and whether a Public Examination is warranted. Those investigations are […]

Unitholder update – 2/10/2020

Further to the update on 15 July 2020, the Trustee has recently received some documentation and information in respect to a request that he made to the Bankrupt’s lawyers. The Trustee is currently reviewing this information and is considering his next steps. It is expected that those investigations will take a further two months, however […]

Unitholder update – 15/07/2020

We understand that the Trustee of Philip Sullivan’s bankrupt estate is continuing his investigations into the examinable affairs of Mr Sullivan and to form an independent view on whether any recoveries can be made for the benefit of the bankrupt estate and its creditors, and whether a Public Examination is warranted. Those investigations are ongoing. […]

Unitholder update – 23/03/2020

We understand that the Trustee of Philip Sullivan’s bankrupt estate is continuing his investigations in to the examinable affairs of Mr Sullivan. Those investigations are ongoing. It is expected that those investigations will last for about another 3 months (subject to any delay caused by the Corona virus). While those investigations are ongoing there is […]

Unitholder update – 10/01/2020

In relation to the progress of the bankruptcy of Mr Philip Sullivan, the Trustee is finalising the review of the material and the voluminous court documents arising from the transfer of documents and files of the previous trustee. After completion of this review, the primary focus is to finalise the section 77A notices or other […]

Unitholder update – 18/10/19

Further to the update provided on 26 September 2019, a distribution will be paid to ordinary Unitholders in the week commencing 28 October 2019. The distribution payment will be calculated at $0.005 per unit and will be paid to the nominated financial institution account details currently on our registry for each Unitholder.

ANNUAL FINANCIAL REPORT | YEAR ENDED 30 JUNE 2019

A downloadable version of the Pacific First Mortgage Fund Annual Financial Report (Accounts) for the year ended 30 June 2019 is now available. The Fund’s auditors, BDO, have audited the Accounts and have verified that they have been prepared in accordance with the applicable accounting standards and the Corporations Act 2001. As required, the Accounts […]

Unitholder update – 26/09/19

We are pleased to advise that a further distribution will be paid to Ordinary Unitholders. The distribution payment will be calculated as $0.005 per unit and will be paid to the nominated financial institution account details currently on our register for each Unitholder.  We will provide a further update as to when the distribution will […]

Unitholder Update – 27/08/19

As noted in our recent update, Mr Sullivan and an associated creditor of his Bankrupt Estate (Tuija Investments Pty Ltd) sought the replacement of Messrs Terry van der Velde and Jason Cronan of SV Partners as Trustees of the Bankrupt Estate of Mr Sullivan. We (on behalf of the PFMF) supported the appointment of Messrs […]

Recent Posts

  • Comments from the trustee – 26 march 2021 March 31, 2021
  • Unitholder update – 02/12/2020 December 2, 2020
  • Unitholder update – 2/10/2020 October 2, 2020
  • Unitholder update – 15/07/2020 July 15, 2020
  • Unitholder update – 23/03/2020 March 23, 2020