Guardian Trust to propose winding up NZ$249 million mortgage fund

Guardian Trust will shortly send investors in its Mortgage Fund a pack of proposals to wind up the NZ$249 million fund, a spokeswoman told interest.co.nz. The 3,700 investors in the fund, which was frozen on July 29, will vote on the proposal on February 4. * This article was first published yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.