Investors of Madison Park Church Bonds
The letter posted below to Series A and B Bond Trustees, outlines the church's position with regard to its outstanding debt held by bondholders. The letter explains the church's ongoing effort to amend the repayment terms of its debt, while maintaining its intention to repay principal in full, with interest.
At this time, the church is barred from direct conversation with its bondholders and can only refer them to the Bond Trustees; it is the responsibility of the Trustees to communicate with the bondholders and represent them in negotiations with the church.
Contact information for the Bond Trustees may be found in the address lines of the letter. The Series A Trustee (Reliance Trust) is the paying agent for all bondholders. It is the church's hope to expeditiously resolve all outstanding issues and honor its investors.
Thank you for encouraging your Trustee to pursue repayment outcomes that maximize the return for all bondholders.