Investment management firm Carlyle Capital's shareholders have unanimously voted in favor of a compulsory winding up of the company.
Earlier, the board has recommended its Class A shareholders to vote in favor of a compulsory winding up proceeding under the companies law in Guernsey. The company will now move forward with the winding up and liquidation application.
The company also received default notices from its lenders and it believes that its lenders have now taken possession of substantially all of its US government agency AAA-rated residential mortgage-backed securities. As a result, the company believes its liabilities exceed its assets.
The recommendation was made by the board following extensive analysis of the company’s prospects and careful consideration of other options for continuing the business. The company will work with the court appointed liquidator to ensure an orderly realization of assets and their subsequent distribution.