re: Ann: Request from members to hold a gener... Hi...

re: Ann: Request from members to hold a gener... Hi Dargie

Although they told you that they attribute no value to the tax losses, existing unit holders will retain some units in the new entity (though heavily diluted). So there should be some minimal value, although we don't know how much at this stage. Also, the saving in wind-up costs should increase the payout by about 1%.

My only concern is whether an immediate cash return is absolutely guaranteed under this proposal.