Dixon Advisory creditors back plan to end painful administration
Creditors of Dixon Advisory have overwhelmingly backed the deed of company arrangement put forward by parent group E&P Financial, relinquishing all prospect of further investigations into the business and actions of its former and current directors.
Only ASX-listed US Residential Property Fund (URF) equities investors are creditors of the company, as other Dixon Advisory investments products (including URF convertible preference units and URF notes) did not significantly underperform when compared to relevant benchmarks, administrator PwC said.
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