Mayfair 101 Noteholders Set to Vote on Removing Invalidly Appointed Receivers from Mission Beach Property Trusts
Mayfair 101 has invited noteholders to vote on the control of trusts which held the group's real estate assets in Mission Beach and Dunk Island, after it was discovered receivers had been invalidly appointed by the trustee.
Mayfair 101's lawyers have circulated voting forms this week to provide noteholders with the choice to remove the receivers of 15 property trusts which underpinned Mayfair's 'M Core Fixed Income' product subscribed to by 128 noteholders between 2019 and 2020.
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