Capita reveals breakdown of latest Arch cru loss figures

Capita Financial Managers has published its most up-to-date figures for the total return - and loss - investors in each of the Arch cru funds can expect.

The totals are made up of the amount investors have already received in distributions, what they will receive if they accept their share of the £54m Capita payment scheme, and how much Capita estimates to be the remaining, realisable net asset value (NAV) - the underlying worth - of the funds.

Figures in the table below are as of 15 December. The remaining NAV is as of 30 September, excluding the value of the December distributions, and may go up or down.

Under the payment scheme, the amount offered to each investor is fixed at approximately 34% of the difference between the suspension value of their holding and the value of their holding as at 31 May 2011 (including the interim capital distributions made prior to 31 May 2011).

For example, if the fall in value between those dates was £100, an investor would be offered approximately £340 under the scheme.

To explain the difference between the estimated total return for each fund and its suspension value, Capita noted that the remainder may be recovered from 'other parties'.

Capita's payment scheme is currently facing two separate judicial reviews from a group of IFAs who advised clients to invest in Arch cru and a group of Arch cru investors.