Tuesday, October 21, 2008

Macquarie Fortress Notes NAV Falls to Zero

The net asset value of Macquarie Fortress Notes has fallen to zero amid a continued deterioration in global financial markets, the notes' trustee said Tuesday.

Still, investors could get a final return of up to 83 cents per note when the securities underlying the instruments mature, but not for at least another four years.

The Fortress Notes were issued on three ...

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