SAN DIEGO, June 3 /PRNewswire/ -- On May 18, The Committee to Protect IMH Secured Loan Fund issued an open letter urging members of IMH Secured Loan Fund, LLC not to respond to the Fund's request that its members consent to the conversion transactions described in the Fund's Consent Solicitation/Prospectus.
The Committee believes that the current manager of the Fund, Investors Mortgage Holdings Inc., has been ineffective and that the proposed conversion transactions are just an ill-conceived and self-interested way for the principals of the current manager to liquidate their entity at [members'] expense.
Since the letter required approval by the Securities and Exchange Commission (SEC), it cannot be paraphrased in this press release. The entire letter is available for review at:
If you have additional questions regarding this, please contact Jon Reeser at Jon.Reeser@lgmcapitalpartners.com or call 1-800-861-5006.
SOURCE LGM Capital Partners