NDFA investors suffer dividend payment delay

The problems relate to NDFA Regular Fixed Income June 08 and NDFA Regular Fixed Income Dec 08. Meteor Asset Management, which acquired the structured products books of NDFA in March, says the registrar sent the dividends without all the correct information to the bank. No other NDFA products are affected. In a statement Meteor says: "The April dividends were sent by the registrar to our bank without information identifying Meteor's client account as the destination. "Our bank and the registrar are trying to find these payments so that the funds can be directed to our client account...