Received today, must be on PIF...

Received today, must be on PIF bilboard!
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From: pif action group
Sent: Thursday, June 13, 2013 11:36 PM

[watch for duplication with old Castlereagh Capital email list]

PIF AG UPDATE 10 JUNE 2013 c3]

The PIF EGM was adjourned from 6 June 2013 to 14 June 2013. However, after PIF Action Group concerns were submitted to ASIC regarding the EGM, ASIC decided to commence legal proceedings against Wellington Capital on the matter. Further, it appears Wellington's Jenny Hutson has backed down from contesting the ASIC court action, saying, "the company would not fight the regulator and she would cancel next week's unitholder meeting" [according to the Gold Coast Bulletin].

LATEST UPDATE: 11 June 2013

The Wellington called PIF EGM of 14 June 2013, Brisbane, has officially been cancelled. It will no longer be held. Wellington NSX release advises "The Board of Wellington Capital Limited, the responsible entity of the Premium Income Fund have resolved to cancel the adjourned meeting of Unitholders of the Premium Income Fund scheduled to be held on 14 June 2013"

See PIF AG website article for full details: http://www.investorsactiongroup.com.au/?p=452

The PIF AG states that we are pleased in ASIC's legal action against Wellington as it gives some vindication to certain of our concerns. It also halts the Wellington called EGM, which according to the ASIC legal proceedings, is allegedly "a contravention of, or an attempt to contravene, the Corporations Act by Wellington" and in relation to the Memorandums sent investors, "certain statements" allegedly even "misleading".

See our PIF AG website for the related information: http://www.investorsactiongroup.com.au/?page_id=15

Remember to keep visiting our website for the latest updates

Kindest regards

Peter Grenadier
President
PIF Action Group Inc.