The plot thickens BB!!!! ::::::Bond Street Custodians Limited –...

The plot thickens BB!!!! ::::::Bond Street Custodians Limited – Federal Court Proceedings
As reported in our Investor Update of 28 October 2008, Bond Street Custodians Limited filed a claim against
Wellington Investment Management Limited as responsible entity of the Wholesale Premium Income Fund
on 16 October 2008 in relation to a redemption request for 16.254 million units in the Wholesale Premium
Income Fund which was lodged on 21 January 2008. This was shortly prior to the suspension of
redemptions.
Wellington appeared in the Federal Court in Sydney on Friday 14 November 2008 before Registrar Hedge.
At this hearing, orders were made by consent that:
the proceedings continue on the pleadings;
Wellington file and serve its defence by no later than 5 December 2008; and
the matter be listed for a further directions hearing on 16 December 2008.
Wellington intends to vigorously defend the claim on behalf of all Unitholders.::::::::::The units in question belong to Avenue Capital Management clients. Maybe the case of a bit more 'inside knowledge' perhaps? Thanks for your continued efforts also Researcher. Cheers, Seamisty