Capital + Merchant Investor Update

Public Trust was appointed replacement trustee for Capital + Merchant Finance Ltd (in receivership and liquidation) (C+M) by the Court on 6 September 2013. A letter regarding this appointment (click the link for a PDF copy) was sent to investors on 8 October 2013.

Background

In July 2012, Perpetual Trust, the original Corporate Trustee for C+M, applied to the High Court under S46 of the Trustee Act 1956 for the appointment of Public Trust as replacement trustee for C+M. Perpetual Trust advises that it did so because it would be conflicted by potential legal action against it by the receivers.

Any inquiry can be directed to cts.enquiry@publictrust.co.nz