what to believe?

This:

From WC UPDATE DECEMBER 2013

Meeting adjourned to 14 June 2013 cancelled
The Board of Wellington Capital Limited, the responsible
entity of the Premium Income Fund, resolved to cancel the
adjourned meeting of Unitholders of the Premium Income
Fund scheduled to be held on 14 June 2013.
Unitholders should note that as a result of the cancellation of the meeting:

*the sale of assets to Asset Resolution Limited will not
proceed and the contract to sell those assets to Asset
Resolution Limited is now at an end;
*the Premium Income Fund will continue to be listed on
the National Stock Exchange of Australia;
*Wellington Capital Limited in its capacity as Responsible
Entity of the Fund, will continue to manage the Fund in
the best interests of Unitholders;
*the Proceeds Payment Deed will not be implemented, and
will be at an end;
*Unitholders will remain unitholders in the Premium
Income Fund.

Or this:
Investors now have ownership of two different securities
# Shares in Asset Resolution and
# Shares in Premium Income fund Income Fund
Questions and correspondence in relation to the shareholding
in ARL should be directed to (ARL CONTACT DETAILS)

The lot of a mere mortal;
To keep lost in a mist of CONFUSION!

Or perhaps Dgenny starts to save PIF pennies that would need to be spent on proof-reading this Update and correcting where updated truth needs to be shown.

Regards,