Investors in Aorangi Securities Ltd, a company associated with South Canterbury business man Allan Hubbard, could receive an initial capital repayment of up to three cents in the dollar later this month.
The third statutory managers report released today identified several assets that may be sold in the short to medium-term.
In the longer term, the statutory managers were also hopeful of distributing up to a further 20c in the dollar to Aorangi investors by the middle of 2011, provided they sold the assets at expected value.
Statutory manager Richard Simpson said there would be no fire sale and the manager would only sell if it was in the best interests of investors and Aorangi.
Finalising the distributions could take several years, he said.
A futher report would be issued to investors at the end of the month.
