Sale of Assets for $5.2 million – update
As announced on 19 June 2013 Wellington Capital Limited as Responsible Entity of the Premium Income Fund
entered into an unconditional contract to sell its interest in five assets for $5.2 million. Completion of the sale
occurred on 18 June 2013 and $1.2 million was received at settlement.
As announced on 23 September 2013 a further $100,000 has been received.
As announced on 8 April 2014 the balance $3.9 million was due for repayment on 31 March 2014 but was
extended to 30 September 2014 by agreement.
It has been agreed that a further extension be granted to 31 December 2014 for repayment of the balance $3.9
million.
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