Meteor Asset Management says it has now received the missing money which was delaying dividend payments on two NDFA plans.
A mistake by the registrar meant income payment for two structured products were sent to Meteor's bank without information identifying the company's client account as the destination. Meteor says the money was credited to its account last week and should have been credited to customer's accounts on Monday 26 April 2010. The problems related to NDFA Regular Fixed Income June 08 and NDFA Regular Fixed Income Dec 08. Meteor has received assurances future dividends will be paid directly to its client account.
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