Turkey Pays 97.3 Billion Lira to Investors in 100 Funds
Government says 247,839 investors received payments from ordinary and extraordinary fund liquidations.
KEY POINTS
- 97.3 billion lira paid to investors in 100 funds
- 247,839 investors received payments by October 30
- 29.3 billion lira paid in extraordinary liquidation initial installments
- 68 billion lira paid in ordinary liquidation across 93 funds
- 178,537 investors received approximately 76 billion lira for principal amounts
The Communications Directorate announced that 97.3 billion lira has been paid to investors in funds undergoing liquidation. The disclosure followed the Ninth Fund Coordination Council Meeting chaired by Vice President Cevdet Yılmaz.
Extraordinary liquidation payments began on October 30. Funds managed by Atlas, Pusula and Tera Asset Management Companies transferred 29.3 billion lira to their investors.
“Payments continue to complete the payments of other investors in the liquidation process.”
Ordinary liquidation payments were also made for funds created by A1 Capital, Bulls, Pardus and Hedef Asset Management Companies. A total of 68 billion lira was paid across 93 funds in this category.
By October 30, payments reached 247,839 investors across 100 funds. Authorities said cash and in-kind payments of about 76 billion lira had been made to 178,537 individual investors to cover their principal amounts.
Officials stated that work continues to complete payments for remaining investors in the liquidation process.
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