'The Australian' Reports $40m of FMIF Asset Sales as Liquidators Prepare to Question Directors

LM sales reap $40m for investors

INVESTORS in $400 million LM First Mortgage Income Fund will soon receive a return of $40m from the sale of five retirement villages held by the fund.The money, while small compared with the $400m of investors’ cash that is tied up in the fund, is one of the biggest returns to investors since the group entered voluntary administration in 2013.