Kaupthing Singer & Friedlander Ltd dividend on its way

30th November 2009

Kaupthing Singer & Friedlander Ltd (in Administration) (KSF) Administrators recently announced they would make a second interim distribution to unsecured creditors. We believe the distribution will be paid in or around December 2009. Creditors must submit their claims to the Administrators by the date the notice specifies.

KSF customers who submit a claim in the administration will still be able to make a compensation claim with FSCS, if they have not already done so. FSCS will, however, consider any dividend that KSF customers received from the administration when calculating any compensation payable to eligible customers.

KSF customers who FSCS has already paid compensation won’t be entitled to any dividend payments from the administration as their claims were paid in full and their rights were assigned or transferred to FSCS.

Further information can be found on the KSF website.