Investors in Hubbard Funds Management will receive a further 15c in the dollar next week, taking total payments so far from the capital return fund to 25c.
''This is more welcome news for investors in HMF,'' statutory managers Grant Thornton said in a statement.
''We intend to keep making payments as we progressively realise the assets of HMF and investors will eventually have all of their original capital returned to them.''
Including the last two payments from the capital return fund, investors had received an additional $9 million payment last year.
Grant Thornton said it had sold all the liquid assets of HMF and made solid progress towards the realisation of the remaining assets. Due to the nature of those assets, the sale process would take time.
The total amount distributed to HMF investors, including next week's payments to distressed investors would be $14.4 million.
The fund's portfolio was valued at $40.75 million as at December 31, and the managers decided to reduce and realign larger holdings in that month.
Last year, the statutory managers decided against seeking repayments from overpaid investors, and the court-ordered clawback of overpayments in the interim distribution has been removed.
