The JLs are now in a position to give notice of their intention to declare a first interim dividend to creditors of Millennium Global Emerging Credit Fund Limited. If you are a creditor with a claim against the Fund, please complete and return the enclosed proof of debt form and supply details of your claim together with supporting documentation no later than March 4, 2013. March 4, 2013 is the deadline for submission of proofs of debt per the notice that is enclosed and as it appeared in the Royal Gazette in Bermuda.
Investors whose redemption notice was accepted by the Fund and where the redemption date had passed prior to the commencement of the liquidation (i.e. 16 October 2008) are creditors of the Fund for the amount of their redemption (“redemption investors”).
The proposed distribution will only be available to creditors. The right of redemption investors to participate in a distribution is subordinate to other creditors (i.e. those creditors who are not, or were not, formally investors of the Fund as a matter of Bermuda law).
As previously advised, the JLs believe that it is unlikely that there will be any distribution to any person other than creditors. It is not anticipated that there will be any distribution to redemption investors or other investors.
Documents available to download
Feeder Fund Notice and proof of debt
Adjourned meeting correspondence
Original Correspondence Sent
Complaints against Balboa
Transfer request forms Transfer of Shares includes
Transfer request letter
Share transfer form,
Acknowledgement of transfer conditions
Extract From Offering Document