Dixon Advisory creditors back plan to end painful administration

Carrie LaFrenz and Jonathan Shapiro

Dec 18, 2022 – 4.48pm

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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.

Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club.

Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.