Investors in the Rural Portfolio group of companies – the failed investment vehicle of Craig Norgate and Baird McConnon – are likely to get less than half the principal they originally put into the company.

Receiver Kerryn Downey of McGrathNicol told investors they will get a 47% payment from the sale of RPC’s shares in PGG Wrightson and NZ Farming Systems Uruguay. Mr. Downey expects any further payments to investors will be less than 1.25 cents.