Walton Announces Another CAD$5.3 Million Distribution to Investors in McConachie Asset Management Corporation
Walton, a real estate investment and land asset management company with US$3.39 billion under management, is pleased to announce a distribution to investors on behalf of McConachie Asset Management Corporation of CAD$5,320,686 that will be made on April 30, 2021.
This distribution represents a portion of the annual interest payment due on the McConachie Asset Management Corporation’s restructured bonds, as well as a paydown of the principal amount owed. The distribution will be paid to all bondholders on a pro rata basis. The payment includes interest accrued from December 1, 2020 to February 28, 2021, for an aggregate of CAD$320,686. The total principal prepayment being made on restructured bonds is CAD$5,000,000.
This is the first distribution made in 2021 with an additional distribution expected to be paid to investors later this year. A total of CAD$59,498,693 of principal and interest payments have been made to date to investors in McConachie Asset Management Corporation.
McConachie is a residential development project in Edmonton, AB where Walton is the project manager. Based on an established plan to complete the development of the community, maximize cash proceeds and satisfy other obligations, Walton has completed key tasks in the first quarter of 2021 to continue to move toward completing the project and make its final distributions on behalf of McConachie. The projection based on the current maintenance schedule for infrastructure, such as roads and drainage pipes, will be turned over to the City of Edmonton by the fourth quarter of this year, with possible landscaping projects carrying over to 2022.
Walton is a privately owned, leading global real estate investment, land asset management and administration company focusing on strategically located land in major growth corridors for more than 40 years. The company manages and administers US$3.39 billion of real estate assets in North America, on behalf of its investors and business partners. Walton has more than 105,000 acres of land under ownership, management and administration in the United States and Canada. Key entities in the Walton Group of Companies include Walton Global Holdings, Walton International Group and Walton Development and Management. For more information visit walton.com.
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
METALS-COMPANY7.5.2021 10:02:11 CEST | Press release
The Metals Company Joins European Industry Alliances to Bolster Battery Supply Chain for the Clean Energy Transition
JOURNÉE-INTERNATIONALE7.5.2021 08:32:04 CEST | Press release
Morocco and UN Celebrate First-Ever International Argan Tree Day
CA-TIGO7.5.2021 02:16:12 CEST | Press release
Tigo Energy Demonstrates Optimization to Installers in Brazil with Stark Renováveis Installation
VIFOR-PHARMA-LTD.6.5.2021 18:02:08 CEST | Press release
93rd Vifor Pharma Group Annual General Meeting
OH-AEROBIOTIX6.5.2021 17:24:06 CEST | Press release
Aerobiotix Raises $25M Growth Equity Financing Led by Global Healthcare Investment Firm Vivo Capital
TN-ELEVĒO6.5.2021 15:54:06 CEST | Press release
Elevēo Recognized in 2021 Gartner Magic Quadrant for Workforce Engagement Management Report
CO-VANTAGE-DATA-CENTERS6.5.2021 14:32:08 CEST | Press release
Vantage Data Centers Provides Renewable Energy Options to Customers at All Campuses Globally
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom