PHT pays interest on NIRAN notes

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On December 15, 2017, the PHT made the first annual interest payment on the New IRA Notes. The annual interest on the notes is 3% of the note’s principal balance. For investors who hold New IRA Notes in their IRAs, the PHT sent checks to your IRA custodians. All other New IRA Note investors will receive a check at the mailing address on file at Magna.