Walton Global Announces $ 63.7 Million Distribution to Investors | New
SCOTTSDALE, Arizona – (BUSINESS WIRE) – December 8, 2021–
Walton Global, a real estate investment and land asset management firm with US $ 3.4 billion under management, is pleased to announce a total of C $ 63.7 million in distributions that will be paid to investors of various companies: WIGI Restructured Bond Corporation (WIGI RBC), McConachie Management Corporation and Roll-up Corporation (RUC). Distributions are scheduled throughout December 2021.
Roll-Up Corporation (RUC)
A distribution of approximately C $ 55 million was approved on November 15, 2021 by Roll-Up Corporation (RUC) managed by Walton. The distribution was paid to RUC shareholders on December 1, 2021. This is the third distribution paid to RUC investors, with this distribution representing $ 0.082 per share. RUC investors have received a total of C $ 104 million in distributions since the entity’s inception in 2018.
RUC was formed by the merger of 134 Canadian pre-development land entities and has over 28,141 shareholders. The Company collectively owns an interest in 15,622 acres of pre-development land in key growth markets in the United States and Canada.
McConachie Asset Management Corporation
A distribution to investors on behalf of McConachie Asset Management Corporation of C $ 2.5 million is expected on December 10, 2021.
C $ 2.5 million is the third distribution paid to bondholders in 2021. The distribution is both a principal and interest payment that will be paid to all bondholders on a pro rata basis. A total of C $ 64.9 million in principal and interest payments have been made to the McConachie Project investors to date.
McConachie is a residential development project in Edmonton, Alberta where Walton is the project manager. Walton has been working on completing the project this year with some delay for items to be completed by early 2022.
WIGI Restructured Bond Corporation (WIGI RBC)
WIGI RBC makes a cash distribution of C $ 6.2 million scheduled for December 31, 2021. This is the second distribution made by this entity in 2021 as a redemption of bonds. A total of approximately C $ 18.9 million has been distributed to WIGI RBC investors to date.
WIGI Restructured Bond Corporation owns Canadian assets, including pre-development land projects and active land development projects in Alberta and Ontario.
Walton predicts this will create further monetization opportunities in 2022 that will provide additional distributions to investors within these companies.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211208005790/en/
CONTACT: Megan Wahl
KEYWORD: UNITED STATES NORTH AMERICA CANADA ARIZONA
INDUSTRY KEYWORD: REIT FINANCE PROFESSIONAL SERVICES COMMERCIAL BUILDING AND REAL ESTATE CONSTRUCTION AND PROPERTY
SOURCE: Walton Global
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PUB: 08/12/21 15: 00 / DISC: 08/12/21 15:02
Copyright Business Wire 2021.