ECMT
Continuous Disclosure
Reply from ASIC regarding Mr Warren Atta-Singh's request
Tue, Feb 26th, 2013
Our letter of 11th February advised that a Trust Investor Mr Warren Atta-Singh had lodged a request for a copy of our register of unit holders containing your personal details (name & address only).
Since that letter we received hundreds of calls and emails from investors strenuously opposing this register be handed to Mr Atta-Singh.
For more information please download and read this announcement.
Request from Mr Warren Atta-Singh
Mon, Feb 11th, 2013
We wish to advise that Mr. Warren Atta-Singh has lodged a request to be provided with a copy of the register of unit holders in the East Coast Mortgage Trust. Mr. Atta-Singh is an investor in the Trust.
Mr. Atta-Singh states that his request is for the purpose of contacting other members of the East Coast Mortgage Trust to convene a meeting to raise concerns with the administration of the Trust.
For more information please download and read this announcement.
Update from Investors Information Evening held on 10th December
Thu, Dec 20th, 2012
The Board of East Coast Mortgage Trust held an Investor Information evening on Monday 10th December at Southern Cross University Lismore.
The night was very well attended with over 400 investors taking advantage of the invitation. The Board updated investors on our actions over the last year and our plans for the year ahead.
For more information please download and read this letter.
For more information please download and read this announcement.
Investor Information Evening 10th December
Thu, Nov 29th, 2012
The Board of East Coast Mortgage Trust invites you to an information evening on Monday December 10th at 6.30pm, Whitebrook Theatre, Southern Cross University, Lismore Campus.
The event will:
- Update investors on the progress of the Fund
- Address questions you might have in relation to the Fund
- Outline the ongoing plans for the continued return of investor’s funds.
For more information please download and read this announcement.
Misleading Advertisements in The Northern Star
Thu, Nov 15th, 2012
Investors may have seen misleading advertisements in The Northern Star about a forthcoming meeting of Unit holders in the Trust.
This is not an investor meeting supported or organised by your Board
This unofficial meeting is being promoted by a Gold Coast based property developer and disgruntled former Trust borrower Mr David Rodwell (Rod) Lambert.
For more information please download and read this announcement.
Update to Investors
Wed, Oct 24th, 2012
This week investors received the latest return of capital. An amount totalling approximately $5.2 million was distributed. All investors received 5% of their investment balance as at 22nd October 2012.
Since the decision to commence an orderly wind down of the Trust we have focussed on dealing with non performing loans and progress remains slow. Bank finance continues to be tightly held and real estate markets are unstable and inconsistent.
For more information please download and read this announcement.
5% Capital Return Withdrawal Offer
Fri, Sep 28th, 2012
In January this year the Board of Lismore Management Corporation as responsible entity for the East Coast Mortgage Trust resolved to commence a return of capital to investors via an orderly wind down of the Trust in its current form.
The return of capital will be conducted by way of compulsory Withdrawal Offers. To continue this process the Board has resolved that a further amount equal to 5% of caipital will be returned to investors.
For more information please download and read this announcement.
Arrears Summary - 30 September 2012
Sun, Sep 30th, 2012
To assist all investors the Board of Lismore Management Corporation has resolved to publish on our website a summary of actions taken in regard to impaired loans where interest has been suspended and loans with significant arrears where interest is continuing to accrue.
For more information please download and read this announcement.
Questions on Trust Operations as at 31 August 2012
Fri, Aug 31st, 2012
To assist all investors the Board of Lismore Management Corporation has resolved to publish on our website a sample Question and Answer document reflecting matters relevant to the trust at the date shown above. This document will be updated regularly to reflect changes in the position of the Trust and issues we believe are of interest to investors.
For more information please download and read this announcement.
Arrears Summary - 31 August 2012
Fri, Aug 31st, 2012
To assist all investors the Board of Lismore Management Corporation has resolved to publish on our website a summary of actions taken in regard to impaired loans where interest has been suspended and loans with significant arrears where interest is continuing to accrue.
For more information please download and read this announcement.
I am pleased to report that the Board of Lismore Management Corporation as responsible entity for the East Coast Mortgage Trust is continuing with the orderly wind down of the Trust with a further return of capital to investors.
An amount equal to 10% of investors' current balance will be returned to investors on the 3rd April 2013.
