Traditional Values Management Ltd (In Liquidation) (ACN 055 106 100) (“TVM”) in its own capacity and as trustee of the Blue Diamond Deposits Trust No. 1 (ARSN 091 948 202) (“BDT”)
Notice to Unitholders in the BDT
This is an important notice and it has been approved for publishing by the Federal Court of Australia.
This notice has been prepared by the liquidator of TVM, Brent Morgan (Liquidator).
The Liquidator has concluded his investigations into the affairs of TVM and has funds available for distribution to creditors of TVM and unitholders of the BDT. He has determined that certain unitholders who subscribed for units in the BDT in the period between 30 June 2005 and 17 December 2009 (Relevant Period and Affected Investors) may have a legal claim against TVM for loss and damage caused by TVM’s misleading or deceptive conduct.
The Federal Court of Australia has approved the Liquidator adopting a simplified adjudication process for dealing with the claims of the Affected Investors. The Federal Court’s decision can be provided upon request to the contact specified below.
The simplified adjudication process involves a unitholder being admitted for a claim at 80% of the net cash they invested in the BDT during the Relevant Period. Affected Investors who elect to participate in the simplified adjudication process must complete and return a form to the Liquidator.
Unitholders who seek to make a claim against TVM, in respect of units subscribed for prior to 30 June 2005, or on a basis other than the simplified adjudication process, must submit a formal proof of debt with supporting documentation to the Liquidator by 3 June 2025. Formal proof of debt forms are available here: https://www.rrcreds.com.au/creditors/tvm.
In accordance with the orders of the Federal Court, the Liquidator has sent correspondence to the last known postal and/or email address of all current unitholders (regardless of when they subscribed for units in the BDT) with further details of the above. If you believe that you are a current unitholder in the BDT who has not yet received this correspondence, please immediately contact the Liquidator’s office at the details below:
Ethan Blackley
eblackley@rodgersreidy.com.au
(03)
9670 ...
Melbourne 3004
