18 Aug 2011

Interim dividend due for Bridgecorp investors

11:17 am on 18 August 2011

Bridgecorp investors will receive some money back this week, four years after the company collapsed, owing about $460 million to 14,500 investors.

The receivers say an interim dividend of 3.5 cents per share will be distributed this week.

But PricewaterhouseCoopers remind investors that, in total, they are likely to get back less than 10 cents in the dollar.

Bridgecorp directors are currently fighting fraud charges.