KUALA LUMPUR, May 12 -- Walton, a real estate investment and land asset management company has announced distributions to investors in aggregate of CAD $21,315,034 approved in April from Walton-managed entities. (CAD $1 = RM3.097)
According to a statement, the entities include Roll-Up Corporation (RUC), McConachie Asset Management Corporation, U.S. Dollar 1 Corporation, U.S. Dollar 2 Corporation and WIGI Restructured Bond Corporation.
A distribution of CAD $8.3 million was paid to shareholders of RUC on April 24 while Walton’s McConachie Asset Management Corporation distributed CAD $5,515,035 on the Corporation bonds on April 30.
Walton also made distributions on April 4 for CAD $924,999.97 from the U.S. Dollar 1 Corporation and CAD $274,999.94 from the U.S. Dollar 2 Corporation.
Lastly, WIGI Restructured Bond Corporation has made a cash distribution of CAD $6.3 million on May 5. This represents the first distribution being made from this entity.
“These five Walton managed entities have had great momentum going into 2020 and we are excited to be able to deliver these distributions to investors. We are continuing to closely monitor the impacts of COVID-19 and are working to move as many transactions forward as possible through our unique exit structures,” said Walton Group of Companies chief executive officer, Bill Doherty.
“Walton’s asset management model presents a great opportunity for builders and investors and we are looking forward to completing additional transactions throughout 2020.”
-- BERNAMA
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