Dorchester Finance investors get some money back

Secured debenture holders of Dorchester Finance are getting some of their money back.

The troubled finance company has made a second instalment of principal payable under a deferred repayment plan. It owes debenture holders $168 million. They have now received 25 percent of their investment back and another five percent is due to be paid at the end of June.

Executive Director Paul Byrnes says the company is well on track to make the next payment and its cash position is currently ahead of expectations.

- NEWSTALK ZB