Walton Announces US $3.5 Million Distribution to Investors
SCOTTSDALE, Ariz. – Walton, a real estate investment and land asset management company with US$3.4 billion under management is pleased to announce a distribution to investors on behalf of McConachie Asset Management Corporation of US $2,242,694 US $400,000 on behalf of Dollar 1 Corporation and US $900,000 on behalf of Dollar 2 Corporation made on August 24, 2021.
McConachie is a residential development project in Edmonton, AB where Walton is the project manager. Walton is establishing a plan to complete the project by the end of this year with potential carry over for certain items such as landscaping by early 2022.
US$2.2 million is the second distribution made to bondholders in 2021. The distribution is both a principal and interest payment that will be paid to all bondholders on a pro-rata basis.
A total of CAD$62,484,023 of principal and interest payments have been made to date to investors in McConachie Asset Management Corporation; another distribution is anticipated to be made to investors later this year.
In addition to the McConachie distribution, two Walton bond corporations made distributions to Investors. The distributions come as a result of the repayment of a portion of the loans outstanding from the Corporations. A breakdown of each distribution is provided below:
Walton U.S. Dollar 1 Corporation approved a distribution of US $400,000 to its investors. This represents approximately US $0.06 distributed per dollar of bonds issued and outstanding. The distribution will be paid to all bondholders on a prorata basis.
Walton U.S. Dollar 2 Corporation approved a distribution of US $900,000 to its investors. This represents approximately US $0.11 distributed per dollar of bonds issued and outstanding. The distribution will be paid to all bondholders on a pro-rata basis.
Walton is focused on maximizing distributions to its investors and continues to work on related projects to produce optimal financial returns.