distribution date?, page-14

Guys

I had a reply from APZ but i am no closer to knowing the exact amount.

What i can't figure out in the net amount between what the put is and what they are worth as ADF isn't an ASX listed fund.

Would be so much easier if they just talked in black and white on what is the extra hit on outgoings.

3 x divs (now to end dec) is approx $19M, i am guessing it is about this ? Not sure of NTA, used to be north on 60c / share.

> There is a put option held by an investor in the Aspen Development Fund
> No.1 Ltd (ADF).
> APZ (your investment) also has a significant investment in ADF.
>
> This investor has the option to make Aspen buy their shares for an amount
> of approximately $24 million on the 31 of October this year. I refer
> you to the attached documents which describes the option. These documents
> in their entirety are also available in the Company's website, or the ASX
> site.
>
> Please be assured that the Aspen cashflow contains sufficient funds to
> meet day to day requirements, but the probable option exercise required
> close consideration.


Cheers