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Unit holders' proxies run Centro's way

Author: Mathew Dunckley
Source: The Australian Financial Review --- Page: 64
Centro Properties Group has retained the confidence of investors in its syndicates. Pelorus Property Group wants to remove Centro as the manager of three syndicates. Unit holders in the Centro MCS syndicates were scheduled to vote on the issue in early April 2008. On 28 March, Pelorus called for the postponement of the meetings. Proxy votes show strong support for Centro,suggesting that Pelorus has delayed the meetings because its attempt to gain control would fail.