ANZ Investment Services (New Zealand) Ltd (ANZIS) announced the release today of the Bonus Bonds financial statements, which include an indication of the reserves available to be distributed to investors.
“ANZIS is confident investors will receive at least $1.10 for each Bonus Bond they hold by the completion of the wind-up,” said Ben Kelleher, Managing Director - Personal, for ANZ.
“For example, an investor who held $100 worth of Bonus Bonds when the scheme went into wind-up would receive at least $110 by the time the wind-up is completed.”
The final amount investors will receive at the end of the wind-up is yet to be determined, as it is dependent on the actual costs to wind-up the scheme and any investment income earned after 31 October 2020.
The Financial Statements will be made available to bondholders via email, mail, public notices and posting the results on the Bonus Bonds website and NZ Companies Office Disclose Register.
The Financial Markets Conduct Act requires that financial statements are produced showing the financial position of the scheme at the time the wind-up began on 31 October 2020.
Investors can use this information to understand the state of their investment at that time.
Mr Kelleher said ANZIS was on schedule to make a distribution to bondholders in the second half of 2021.
“We’ll be contacting customers in due course with what they need to do to get their money – no action is required right now.”
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